In a turnaround that may be nothing short of amazing, the price of the average home in Arizona rose more in the last year than anywhere else in the country.

The moment Ben Bruce stepped into the living room of a new, 1,750-square-foot condo in Flagstaff, he knew he was home.

Careful, East Valley. With apologies to Marty McFly, that forming line many think is leading to recovery instead is into an economic time machine that’s once again taking us back to the future.

As the Valley's battered real estate market transitions into recovery, Arizona State University has hired an analyst who will produce more information for the public to understand this often volatile industry.

Home prices are “inching up” in the Valley according to a new report from the W. P. Carey School of Business at Arizona State University.

A new report from the W.P. Carey School of Business at Arizona State University finds that home prices are rising and foreclosures are declining in the Phoenix-area housing market.

As the Valley's battered real estate market transitions into recovery, Arizona State University has hired an analyst who will produce more information for the public to understand this often volatile industry.

Valley homebuilders used December 2012 to take steps for future projects, while also seeing a 30 percent increase in new home sales for all of 2012, compared to 2011, according to a recent report.

Real estate experts predict the Valley’s years-long housing glut is reaching its end and, as early as this spring, could stun home buyers by transforming into a shortage.

A dramatic housing turnaround is taking hold, with the glut of homes for sale in the Valley plummeting 42 percent in the last year.

Home prices are expected to continue their rise — in the East Valley in particular — as a shortage of available homes creates an imbalance in the market, according to a report released last week by the W. P. Carey School of Business at Arizona State University.

New home builders are showing “signs of life” in Arizona, especially in the East Valley, one economic expert says.

Remember all that speculation about when we'd reach the bottom of the housing market downturn? Well, we just made touchdown, according to an ASU study.

Kori Rockwell said it was exciting to see her dream home being built from the ground up.

The East Valley housing market is starting to see a turnaround in home sale prices.

Three university economists predicted Tuesday the state and national picture will brighten pretty much no matter what happens at the polls in November.

Three university economists predicted Tuesday the state and national picture will brighten pretty much no matter what happens at the polls in November.

New home builders are showing “signs of life” in Arizona, especially in the East Valley, one economic expert says.

Dana Ortiz was going to start shopping for her first house last week, eager to move out of her Mesa rental and stake her claim to the stability and status that she says paying a mortgage confers.