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.
Phoenix rents rise 5.6 percent in year, top U.S. average. Rents in the Phoenix area are modest compared to other big cities but climbed 5.6 percent.