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.
And rents in Tucson are on the rise. Effective rent in Tucson grew from $597 in 2009 to $645 in the first quarter of 2013, Reis' data show. That's higher than the pre-recession rent of $592 in the first quarter of 2007. Nationally, rents grew from $964 in 2009 to $1,054 this year.