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Real Estate News

U.S. Vacation Homes Expected to Remain Attractive for Canadian Buyers: BMO

March 11, 2015 by · Leave a Comment 

– Prices in Florida and Arizona expected to continue rising – Canadians are the largest foreign buyers of Florida housing – New government guidelines for residents spending time in Canada and U.S. TORONTO, ONTARIO AND PHOENIX, ARIZONA AND SARASOTA, FLORIDA, Mar 09, 2015 (Marketwired via COMTEX) — As Canadians head south for spring break to escape the winter chill, U.S. housing... 

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Zillow’s Top Economist Nails It On The State Of The Housing Market

June 24, 2014 by · Leave a Comment 

This morning we got home-price data that showed slowing momentum. Prices were up over 10% from last year, but those gains are down a bit from recent peaks. And, in general, the housing numbers have been mixed. Starts and sales, though up significantly from recent years, remain quite low by historical standards, and don’t appear to be on the verge of surging higher. In an email, Stan Humphries,... 

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Big price increases unlikely in Phoenix housing market for rest of year – ASU News

June 12, 2014 by · Leave a Comment 

The Phoenix-area housing market has officially rebounded from artificially low recession levels, and we’re unlikely to see any more big price increases this year. That’s according to a new report from the W. P. Carey School of Business at Arizona State University. Here are the latest details about Maricopa and Pinal counties, as of April: • The median single-family-home sales price stabilized... 

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Developers look to revive Phoenix Observation Tower project

May 19, 2014 by · Leave a Comment 

The proposed 420-foot pinwheeling Phoenix Observation Tower may have a second chance at life. Novawest LLC, the development firm proposing the tourism attraction, is talking to a private landowner in Phoenix about the tower project. This comes after a plan to locate the tower next to the Arizona Science Center in downtown Phoenix fell through earlier this year. “The Observation Tower is still looking... 

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Arizona becoming a not-so-quiet leader in technology manufacturing

May 15, 2014 by · Leave a Comment 

You’ve no doubt seen the headlines about Apple coming to Arizona as a partner in a glass factory that will supply its products, and Tesla considering the state as home for its massive battery-manufacturing plant. If both projects come online, they would joinIntel and Honeywell, which already have had success here. But if you think we’re on the map only because of the big names, you only know... 

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Loop 303 set to drive further development of West Valley

May 12, 2014 by · Leave a Comment 

You can drive for miles on the northern span of Loop 303 and not see another vehicle. Even as the freeway runs through congested areas, green farmland dominates, the view broken only by the White Tank Mountains, a growing bevy of industrial parks and the tile roofs of the occasional master-planned community. But soon, officials hope Loop 303 will give the West Valley the chance at a more-sophisticated... 

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Now more than ever, cash is king in real estate

May 9, 2014 by · Leave a Comment 

Justin’s comments: It’s worth pointing out that cash sales in Greater Phoenix have decreased from over 50% in 2014 of all sales to less than 35% in April 2015.  Investors are fleeing for greener pastures. WASHINGTON — One in three buyers of U.S. homes is paying cash, a record high number, according to data made available to McClatchy. The trend is being driven by retiring baby boomers... 

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Fannie: More Americans Say Buy, Sell Now

May 8, 2014 by · Leave a Comment 

Americans’ optimism about the housing market has grown as the spring selling season gets underway, with 42 percent saying now is a good time to sell a home, according to Fannie Mae’s April 2014 National Housing Survey. Meanwhile, 69 percent of Americans say now is a good time to buy a home. Also, fewer Americans report being concerned about losing their job, which may urge more potential home buyers... 

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Why the Phoenix housing market has swung in favor of buyers

May 7, 2014 by · Leave a Comment 

A year ago, the Phoenix-area housing market was facing a chronic shortage of homes for sale and surging prices exasperated would-be buyers. Today, however, nearly the opposite is true. Supply has now stabilized, with buyers having 64 percent more listings to choose from on April 1 than they did a year ago, according to Arizona State University’smonthly housing report released today. Prices have... 

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Home Buying Tips: Hire A Real Estate Agent Or Risk Regret

April 30, 2014 by · Leave a Comment 

Home buying tips are welcome in a housing economy that still hasn’t fully recovered. While there are numerous tips and tricks that one should keep in mind, a recent survey points out that perhaps the best way to regret a purchase is to hire some help. Redfin recently conducted a survey in which it asked 2,000 U.S. adult homeowners if they would buy the house they’re currently living all over... 

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