By Catherine Reagor The Republic | azcentral.com Sat Jan 25, 2014 11:52 PM The number of houses for sale in metro Phoenix has climbed almost 40 percent in the past year. With many more properties from which to choose, the market is tilting away from sellers toward people looking to buy. The entire region can’t yet be called a buyer’s market, but certain areas, including the northwest Continue Reading
Great Home for Sale in Gilbert, Arizona
$266,000 4 Bedrooms/2.5 Baths + Loft + Den/Office + Master Bedroom Sitting Room 2,543sf Price/SqFt: $104.60 Year Built: 2004 MLS#5054292 4357 E WINDSOR CT Gilbert, AZ 85296 Corner Lot, North/South Facing Lot, South facing Backyard Beautiful home on desired corner lot with North/South exposure (south facing backyard perfect for winter visitors)! This home has been upgraded by Continue Reading
Arizona foreclosure market ranks among healthiest
For several years the number of homes in foreclosure in Arizona was among the nation’s highest. The state is now among the lowest in foreclosures as a percentage of homes for sale. Wall St. Cheat Sheet reported Arizona was in the top 12 best foreclosure markets with the housing inventory containing 0.8 percent bank-owned properties. The state, which was rocked by the housing collapse, had Continue Reading
6 Things Sellers Need to Know Before Listing Their Home
In a market where home inventory is low and demand is soaring, sellers may think that their home will move in mere minutes–and at a price that defies even the loftiest expectations. When left untethered, these dreams of big prices and warp speed sales can spell disaster–and major disappointment. Here are six simple points sellers need to know before putting it on the market. 1. Staging Continue Reading
Little Progress in Phoenix New Home Building
Higher home prices, a construction labor shortage, and tighter lending guidelines are among the factors keeping the home building market from a robust recovery. Patrick Breen/The Arizona Republic Higher prices, along with several other factors, are among the challenges to the recovery of metro Phoenix’s new-home market. The median existing home price in the region is now $178,000, Continue Reading
Check out these January ARMLS Stats
As members of the Multiple Listing Service, we are privy to some great local statistics each month and I thought I would share this month's data as it gives a year in review perspective. COMMENTARY by Tom Ruff of The Information Market 2013: Year in Review The end of the year only comes once. That's why we can't pass up the opportunity to focus on how the market fared in 2013. Below you Continue Reading
Storm Brewing Over New Mortgage Rules?
DAILY REAL ESTATE NEWS | WEDNESDAY, JANUARY 15, 2014 The Consumer Financial Protection Bureau’s Qualified Mortgage rule, which took effect last week, could greatly restrict mortgage credit and stall the housing recovery, lawmakers and mortgage industry leaders said during the House Financial Service Committee’s subcommittee hearing Tuesday. Subcommittee Chair Rep. Shelley Moore Capito, Continue Reading
Top 10 Phoenix area Luxury Listings
Here are this weeks top 10 luxury listings which are located in the Metro-Phoenix, Arizona area. Stay tuned for the next installment! 10696 E WINGSPAN WAY Scottsdale, AZ 85255 / 29,700 square feet plus a 4228 square foot guest house on approx. 17 acres / 8 Bedrooms / 10 Bathrooms / 10 car garage 5850 E Glenn DR Paradise Valley, AZ 85253 / 16,370 square feet on over 8.5 acres / 6 bedrooms / Continue Reading
Phoenix area will be among the fastest growing metro regions in 2014
A new national report predicts the Phoenix area will be among the fastest-growing metro regions of the country next year, posting figures well ahead of the more-plodding gains forecast by Arizona’s economists.The report, released Monday for the U.S. Conference of Mayors, suggests the housing industry will again lead the Phoenix area’s relatively rapid growth in 2014. It predicts 3.3 percent growth Continue Reading
New Mortgage Rules Roll Out – What Will Be the Impact?
DAILY REAL ESTATE NEWS | FRIDAY, JANUARY 10, 2014 New mortgage rules take effect Friday that set out to protect borrowers against risky lending practices. One of the biggest changes is that borrowers will likely need to show more proof that they can actually afford the mortgage they’re applying for. Here are two main terms to know from the new rules: “Ability-to-repay” Continue Reading
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