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...]
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...]
Home price gains at risk in distressed markets…
July 12, 2012 by Leave a Comment
Source: Trulia - Foreclosure backlogs a concern in Phoenix, Miami and Detroit By Inman News, Tuesday, July 10, 2012. Asking prices for for-sale homes nationwide have risen in the last four out of five months, but the biggest market gainers also have foreclosure backlogs putting those increases at risk, according to a monthly report from real estate search and marketing site Trulia. For this report, Trulia considered the for-sale and for-rent properties listed on its website through June 30, 2012, taking into … [Read more...]
Bidding Wars…
July 12, 2012 by Leave a Comment
An interesting article by Catherine Reagor with Arizona Republic - Bidding wars among investors and regular homebuyers continue to escalate because of the lack of supply. Residential foreclosures in metro Phoenix fell again last month. That's good news for some struggling homeowners, but it means fewer bargain-priced homes on the market for potential buyers. In June, lenders took back 1,719 homes, according to AZ Bidder. That's about 300 fewer than in May. Demand for commercial properties is also … [Read more...]
This is a wordpress post
February 29, 2012 by Leave a Comment
This is an example of a WordPress post, you could edit this to put information about yourself or your site so readers know where you are coming from. You can create as many posts as you like in order to share with your readers what exactly is on your mind. This is an example of a WordPress post, you could edit this to put information about yourself or your site so readers know where you are coming from. You can create as many posts as you like in order to share with your readers what exactly is on your mind. … [Read more...]
This is a wordpress post
February 29, 2012 by Leave a Comment
This is an example of a WordPress post, you could edit this to put information about yourself or your site so readers know where you are coming from. You can create as many posts as you like in order to share with your readers what exactly is on your mind. This is an example of a WordPress post, you could edit this to put information about yourself or your site so readers know where you are coming from. You can create as many posts as you like in order to share with your readers what exactly is on your mind. This … [Read more...]
