Many financial experts say the nation’s slumping real estate market is the result of the loose lending policies of the 1990s and into this century.

The Valley’s housing market is starting to pick back up. But some experts say one part of that market is poised for a big comeback in the next few years, especially in parts of Phoenix and the East Valley. KJZZ’s Mark Brodie reports.

The Phoenix area is the top market in the nation for gains in housing prices.

Here's a turnaround worth noting: The housing market in Phoenix is emerging from a historic slumber.

For the second month in a row, Phoenix is leading the recovery in the housing market, with an 8.4 percent quarterly increase in home prices and a year-over-year increase in March of 12.5 percent, according to Clear Capital's Home Data Index.

Home values across the country dropped a bit last month, but here in metro Phoenix there is good news according to a report out today. 

Another report is out pointing to a rebound in the Valley’s housing market. Analysts at Clear Capital say foreclosures are down and housing prices are up.

The Valley housing market is starting to come back. Mike Orr, who directs the Center for Real Estate Theory at ASU's W.P.

The thousands of Arizona homes now sitting empty, in the wake of the real estate slump, have created some new jobs. Some property owners are hiring caretakers to house-sit for them and protect their investments. 

Real estate experts Mike Orr, creator of the Cromford Report, and John Wake of the website Real Estate Notebook talk about improvements they’ve seen in Arizona’s housing market…and the state finally recovering from the popped bubble.