Definition of sovereign guarantee: Government's guarantee that an obligation will be satisfied if the primary obligor defaults. Dictionary Term of Day Articles Subjects Sign Up BusinessDictionary
The median list price for Phoenix-Mesa area homes is $244,900, up 14% from the same month last year, according to the National Housing Trend Report for February 2014 published by Realtor.com.
The state has been auctioning land at a rate well below what the market could accommodate. This is illustrated by the large increase in prices per acre and in a comparison with agricultural land values. In 2002, the average auction price of urban land was $32.600.By 2006, which was the peak of the Phoenix housing bubble, urban land sales reached an average auction price of $190,800.1 Rising land prices are the principal element of house price escalation in the Phoenix area over the period.n 2002, the average auction price of urban land was $32.600. By 2006, which was the peak of the Phoenix housing bubble, urban land sales reached an average auction price of $190,800. 1 Rising land prices are the principal element of house price escalation in the Phoenix area over the period.