January Hits Record Level of Pending Home Sales in ARMLS, Signifying Home Sales Prices Are Likely To Increase

Tempe, AZ – January 26, 2010 – (RealEstateRama) — Fidelity National Title, one of Arizona’s largest title insurance and escrow service companies, in partnership with Cromford Report, a subscription-based online statistical resource on the Metropolitan Phoenix residential resale market, today confirmed that the top of the Arizona real estate market was in June of 2006, with the bottom hitting in April of 2009. Maximum inventory of homes on the market was in late April of 2008