More metro Phoenix homeowners may soon be able to sell for a profit, albeit a small one, as home prices in the region continue to rise. Arizona State University's latest real-estate report shows the median home price in the Phoenix area climbed again in April to $140,000 -- 25 percent higher than the year before. Helping push up prices is a limited supply of homes for sale and a growing pool of buyers. If those trends hold, the outlook is for home prices to keep rising, which could be good news for many … [Read more...]
The Wall Street Journal to launch new real estate section
October 2, 2012 by Leave a Comment
The Wall Street Journal said its new weekly section covering the global luxury real-estate market will debut Friday and be called Mansion. The section, which will be led by editor Emily Gitter, will appear in the Journal every Friday in the U.S. Certain content will appear each week in the Journal's Europe and Asia editions. The new standalone section, first disclosed in July, is one of several investments the newspaper is considering at a time when its parent company, News Corp. (NWSA, NWS.AU), is preparing … [Read more...]
Phoenix, Arizona foreclosure activity falls again
September 26, 2012 by Leave a Comment
Phoenix, Arizona foreclosure activity falls again - Source: Phoenix Business Journal by Kristena Hansen, Reporter - Tuesday, September 25, 2012, 12:34pm MST Foreclosure activity throughout metro Phoenix and Arizona continued tumbling this summer at a rate that far outpaced the nation, according to the latest report released Tuesday by CoreLogic. Metro Phoenix’s foreclosure rate, meaning the percentage of all outstanding residential mortgages in a particular area that are in some stage of the foreclosure … [Read more...]
U.S Home Prices in June
August 28, 2012 by Leave a Comment
Nationally, home prices were up 2.3% in June. We are really excited to see where Phoenix falls within the 20 major cities they analyzed. Click here for article … [Read more...]
What are the 7 most desired upgrades for home owners and buyers?
August 28, 2012 by Leave a Comment
Better Homes & Garden recently did survey with their readers to find out what home owners are planning to do with their current house or what they desire in a new home. How does this compare to your plans? Click here for article … [Read more...]
Warren Buffett is betting on housing
August 3, 2012 by Leave a Comment
If you follow Warren Buffett or just admire his investing acumen, you should pay attention to his latest venture-real estate. With signs of the housing market coming back in strong fashion, real estate may be a great place to invest if you are looking to diversify your current asset mix. http://live.wsj.com/video/why-buffett-is-betting-big-on-housing/432BAEE2-88DB-4382-9496-2DA9F86E3047.html … [Read more...]
Buying vs. renting in Phoenix
August 2, 2012 by Leave a Comment
Currently, the average break-even point is 3 years between owning and renting a home in the U.S. and Phoenix is almost half that number coming in at 1.7 years. A very tempting reason to jump into the market if you've been renting over the past couple of years. Source: CNN Money … [Read more...]
First Time Home Buyers
July 18, 2012 by Leave a Comment
The timing for first time home buyers has never been better in Arizona. Mortgage rates are at all time lows, lenders are anxious to get back into the marketplace with loans, and new inventory continues to come to the market. Prices have started to increase on homes but are still very well priced. The Marsh Partners has provided a list that can assist in achieving your dream of your first home. And, with the digital technology and extensive web tools at our disposal, choosing a property and hiring a professional … [Read more...]
Mortgage Rates at an All-Time Low
July 15, 2012 by Leave a Comment
Record-breaking rates have once again reached new lows for 30-year and 15 year fixed rate mortgages. For the past 16 weeks, the 30-year fixed-rate mortgage alone has averaged below 4 percent, increasing affordability by cheapening the costs of borrowing. In its weekly mortgage market survey, Freddie Mac reports that average fixed-rate mortgages continue to reach all-time record lows from easing bond yields and a dismal June employment report. Here’s a closer look at rates for the week ending July … [Read more...]
True Arcadia Real Estate
July 12, 2012 by Leave a Comment
Some interesting statistics regarding “True Arcadia” Real Estate - By Ben Marsh, Associate Broker with The Marsh Partners (True Arcadia defined as: 44th Street East to 68th Street, Indian School North to Camelback) At The Marsh Partners, we are passionate about the markets that we work in and focus on. One of those particular markets is the Arcadia neighborhood. This area is a highly sought after neighborhood for various reasons including being a family friendly neighborhood, great public school district, … [Read more...]
