October 2016 | Maricopa + Pinal County Real Estate Market Update
February 2016 | Real Estate Market Update
Real Estate News: A Look at the Economy
In a recent blog post, New Penn Financial explains how the recent GDP estimates from the Fed relates to the housing market, ultimately making the bold claim, “The Fed is saying they want more interest rate increases. Right now, we don’t believe them.” Read the full article here. Continue Reading
New-Home Sales Surge Nearly 19%
After a sluggish start to 2014, new-home sales posted a strong rebound in May. Sales of newly built single-family homes soared to the highest rate since May 2008, jumping 18.6 percent last month, according to data released Tuesday by the U.S. Department of Housing and Urban Development and the U.S. Census Bureau. The Good News Has Been Building Builders Feeling Better This Month No. 1 Continue Reading
New-home permits up in metro Phoenix, but sales falter
Homebuilding in metro Phoenix ticked up slightly in April, but it's not likely a sign of a long-anticipated market rebound because new-home sales fell. Last month, 1,087 permits to build new houses were issued in the Valley, compared with 996 in March, according to analyst firm RL Brown Reports. New-home sales dipped to 730 in April from 856 in March. The median price of a new house Continue Reading
Housing Picture Remains ‘Worrisome,’ Fannie Mae Says
Mortgage giant Fannie Mae says that though recent indicators suggest economic growth will pick up in the second quarter of this year, the housing market still remains fragile. Fannie Mae’s Economic & Strategic Research Group forecasts an increase in consumer spending and notes that an upbeat April jobs report showed an increase in hiring at the fastest pace in more than two years, Continue Reading
5 Most Expensive Neighborhoods in Metro Phoenix
Because you never know when you might buy the winning lotto ticket or strike oil in your own backyard, Jackalope Ranch has put together a list of the five most expensive neighborhoods in metro Phoenix. To assemble this list of costly communities, they looked at neighborhoods with the highest average price of listed homes. Not surprisingly, the majority of high-dollar homes resided in the Continue Reading
Should You DIY or Pay The Expert?
When you watch home improvement shows, the professionals make it look so easy to tear out a wall, replace a roof, or set new tile in the bath. Yes, you save a lot of money when you do-it-yourself (DIY), but in some situations, you're better off paying the expert (PTE). According to Angie Hicks, founder of Angie's List, some jobs aren't as simple or as safe to do as they look. In a recent Continue Reading
Mortgage Availability Hits 3-Year High
DAILY REAL ESTATE NEWS | FRIDAY, APRIL 11, 2014 Access to mortgage credit is at its highest level in at least three years, and credit standards are expected to loosen even more this year, according to a newly-released index by the Mortgage Bankers Association. MBA’s index, which tracks mortgage credit availability, shows that in March the gauge rose to 114 – the highest reading in the Continue Reading