Home prices in Phoenix AZ have increased more than 20 percent year of year as reported by Standard & Poor’s/Case Shiller index reports and the Cromford Report. Cities in Arizona with the highest increase include Scottsdale (up 9%), Paradise Valley (up 12%), Cave Creek (up 19%), Carefree (up 1%), Fountain Hills (up 10%) and Gold Canyon (up 10%).
New home sales… Continue reading
Although the year started off sluggish, home sales doubled in February and March and folks are again buying homes in the Phoenix Metro area. New home sales are up and re-sales are down. Gilbert AZ and Chandler AZ showed increases of almost 7% for new homes, and subdivisions in the city of Maricopa, once the most distressed areas,… Continue reading
There are a few key property profiles that bring in the big guns… and the big BUCKS. People look for homes in areas with certain features that they value. Now, you as the real estate investor in search of fix-and-flip or buy-and-hold properties want to find the best deals in those areas. When you purchase an investment home in a… Continue reading
Builders, mortgage analysts and economists say in a survey being released today that the poor economy will continue to hurt housing prices, the Wall Street Journal is reporting.
The Journal reports the economy’s impact on housing will be felt for years. Home prices are anticipated to drop 2.5 percent this year, according to the Journal, and rise 1.1 percent through… Continue reading
An agreement for the Arizona Association of Realtors and its member groups to buy the Arizona Regional Multiple Listing Service, (ARMLS) is on hold. The deal would have given Arizona the largest statewideMLS in the country. But after a year of research and surveys to members to see how it could work, the Southeast Valley Realtors Association voted against it.… Continue reading
Many Maricopa County homeowners were pleased to recently see a small drop their property taxes since their home values have plummeted during the past five years. However, not all homeowners were happy.
An Arizona Republic story that ran Aug. 30th reported metro Phoenix homeowners could expect to see their tax bills fall an average of $60 from last year. Homeowners… Continue reading