@DataQuick: Phoenix Area October Home Sales

Phoenix Region October Home Sales Phoenix-area home sales dropped to the lowest level for an October in 15 years, dragged down by extraordinarily-low new-home transactions, the snail's-pace economic recovery and the market lull created by the now-expired home buyer tax credits. The region's overall median sale price fell below the year-ago level for the fourth consecutive month, a real estate information service reported.