Just a few years ago, the number of new homes being sold and built declined sharply due to a collapsed housing market. Arizona was high on the list for areas that new home sales had slowed to a trickle. Times have changed, and the Desert Ridge area is no exception. Over the past few months,…
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Category Archives: Sellers
Kierland Housing in High Demand, Short Supply
Over the course of the last six months, homes in the Kierland area have both seen an increase in prices and a decrease in inventory. To many, it is a welcome sign of a positive market returning. While there are many draws to the area, some people cannot help but to question if we are…
Will Phoenix Housing Inventory Shortages Ease Anytime Soon?
If you’re looking to purchase a Phoenix home, there’s one piece of advice to keep in mind: be patient. It’s unclear whether or not the housing inventory shortages that are plaguing large parts of the country will ease anytime soon, but as prices continue to rise, more home owners are likely to feel comfortable listing…
Beer, The $1 Billion Industry in Arizona
When most people think of Arizona, beer isn’t the first thing that comes to mind. But being that it’s a $1 billion industry in the state, Arizona is actually tied with Missouri for 14th place in terms of the bubbly brew’s statewide economic impact. According to a new report from the National Beer Wholesalers Association,…
Phoenix Tops List of Cities Where Home Prices Are Soaring
Phoenix home prices continue to be the talk of the real estate world, and with home sales increasing dramatically in December and January across the country, there’s no doubt the real estate recovery is finally taking shape. The S&P/Case-Shiller home price index, one of the most popular measures of home prices changes, put Phoenix at…
There’s Good News for Phoenix Home Prices
Phoenix home prices continue to improve, and foreclosures and short sales are dropping down to normal levels once again. Additionally, builders are finally coming off the sidelines, resuming construction projects and starting new ones. With all of this fantastic news concerning the Phoenix real estate market, you might be surprised to learn there’s even more….
Is Another Desert Ridge Housing Boom on the Way?
Desert Ridge home owners endured years of lackluster news about the local real estate market, but some believe that another Phoenix housing boom could be on the way. The market is continuing to recover, with Phoenix home prices rising and fewer and fewer home owners experiencing negative equity situations. While the pace of building might…
Fewer Phoenix Homeowners Underwater on Their Mortgages
There’s good news for Phoenix home owners: fewer are underwater on their mortgages. According to a recent real estate report, the rate of underwater home owners in the metro Phoenix area dropped 31% last year versus 2011. That equates to more than 135,000 Phoenix home owners who saw their home values rise past the point…
Mortgage Balances in Arizona are Slashed by $1.68 Billion
A recent report issued indicates that Arizona mortgage balances have been slashed by $1.68 billion by five of the country’s biggest banks. Ally Financial Inc., Bank of America Corp., Citigroup Inc., JPMorgan Chase & Co., and Wells Fargo & Co. have cut loan balances dramatically for struggling home owners. Thus far, 22,292 Arizona and Phoenix…
Phoenix Homebuyers Must Adhere to Higher Mortgage Insurance Requirements
Many Phoenix home buyers took advantage of the Federal Housing Administration’s (FHA) assistance in previous years that made homeownership possible for first-time buyers. Low- to middle-income families were able to realize the “American Dream,” as were people with subpar credit scores. But after the mortgage industry nearly fell apart, the FHA has made it more…
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Scottsdale, AZ 85258 • Tel: 480.788.2687
Scottsdale, AZ 85258 • Tel: 480.788.2687
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