A lightning strike sparked a house fire on South Lakeside Oaks Dr. Thursday night.Several crews from the St. George Fire Department responded to the fire Thursday evening.We're told people were in theMore >>
A lightning strike sparked a house fire Thursday. It happened on South Lakeside Oaks Drive in Baton Rouge.More >>
Friday, May 3 2013 10:17 AM EDT2013-05-03 14:17:02 GMT
An Amber Alert has been issued for two girls missing from Llano, Texas. 15-year-old Misty Sloan and 13-year-old Savannah Sloan are missing from Kingsland, a suburb of Llano. The suspect in the disappearanceMore >>
15-year-old Misty Sloan and 13-year-old Savannah Sloan are missing from Kingsland, a suburb of Llano.More >>
Thursday, May 23 2013 9:40 PM EDT2013-05-24 01:40:36 GMT
A Columbia woman has been arrested after a child in her care died over the weekend.Margie Hamm, 34, was arrested and charged with homicide by child abuse, according to the Columbia Police Department.PoliceMore >>
A Columbia woman has been arrested after a child in her care died over the weekend.More >>
Thursday, May 23 2013 7:34 PM EDT2013-05-23 23:34:54 GMT
Maybe he was up too late partying. Or maybe the 75-year-old actor woke up a bit too early. Whatever it was, Morgan Freeman dozed off during an interview.More >>
Maybe he was up too late partying. Or maybe the 75-year-old actor woke up a bit too early. Whatever it was, Morgan Freeman dozed off during an interview. More >>
PHOENIX (CBS5) -
The Valley real estate market could be on its way up, according to a new report released.
The Valley was on a housing incline during the boom, but when the bust happened, it was one of the first to go down. Now experts say it could be leading the way back out of the housing crisis.
"There is always a time to be a buyer, a seller, lender or a borrower," according to President of Team Investments Inc. Tanya Marchiol.
She said this is a buyer's market.
A report released by CoreLogic, a leading residential property information service, shows that home prices increased by 24.5 percent since last year in Phoenix, Mesa and Glendale. Home values rose by 6.3 percent nationally, according to the report.
"So we are far above the national trend and there are several reasons for that, jobs being the most important," said Marchiol.
She said large companies like Amazon moved to the Valley, which provided jobs that brought renters and buyers to the area.
But homeowners we talked with are not quite as sure about the big comeback right now.
Dan Cozzetto has owned a home in the Valley for 20 years and has seen his share of hardship.
"It's worth half of what it was worth back in 07," he said about his home. "We had to relocate. I had to relocate first to keep the cash flow going in."
Cozzetto said he and his wife have been fighting to keep their home since the recession, and since home values are creeping back up, Cozzetto said he is cautiously optimistic.
"It's going to come back. I believe it's going to come back. It's just if can you weather through the storm financially."
Experts say the upward trend should continue.
"So we aren't going to see a 25 percent gain in 2013, but we will see solid 10s to 15s,"said Marchiol.
The study also shows that home prices are expected to rise by 7.1 percent in November of this year compared to November 2011.
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