Investment firm Morgan Stanley has high hopes for the housing market’s recovery this year and next. "We expect to see 2012 end with an increase of 7 to 9 percent for the year in aggregate home prices after considering seasonality effects for the remainder of the year, with the possibility of a 10 to 12 percent increase on the bullish side and a 4 to 6 percent increase as the bear case," according to Morgan Stanley analysts in its latest Housing Markets Insight report. "We view the bear case outcome to be … [Read more...]
Low Inventory Creating Buyer Frustration
October 2, 2012 by Leave a Comment
Low inventories of homes for-sale are becoming troubling to home buyers, Inman News reports. Almost every major market in the U.S. has posted double-digit decreases in for-sale listings. "The buyers tend to become a little frustrated as they are seeing homes that they want to 'think about' and before they can even get home to discuss it there are already multiple offers on the property," Sheri Moritz, a real estate broker with Keller Williams' Wake Home Team in Raleigh, N.C., told Inman News. In Raleigh, … [Read more...]
Phoenix Home Prices Are On The Rise
October 2, 2012 by Leave a Comment
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...]
