by LRA Real Estate Group | Apr 29, 2011
Phoenix Business Journal – by Jan Buchholz Date: Friday, April 29, 2011 The flagship franchise of Phoenix-based Realty Executives International likely will file for Chapter 11 bankruptcy reorganization within the next few days. The franchisor, Realty Executives...
by LRA Real Estate Group | Apr 24, 2011
by Peter Corbett – Apr. 22, 2011 The Arizona Republic A Scottsdale real-estate investment company has carved out a small niche in the troubled housing market by putting investors together with homebuyers who cannot get traditional financing. For the past 18...
by LRA Real Estate Group | Apr 17, 2011
Charles Passy Published April 7, 2011 SMARTMONEY MAGAZINE House prices are still tanking in many parts of the country, mortgage rates are inching up, and job growth is subpar. So what are some homebuyers doing? They’re buying even more home—as in two-, three-...
by LRA Real Estate Group | Apr 17, 2011
AnnaMaria Andriotis Published April 8, 2011 Wall Street Journal Smart Money For a key to your financial future, $7 to $20 doesn’t seem like much to pay – which is why consumers regularly pony up for a peek at their credit scores. Now a new lawsuit suggests that...
by LRA Real Estate Group | Apr 17, 2011
A shift in consumer psychology has also hurt new home sales. Pre-recession, buyers expected high-end appliances and fancy countertops, and builders delivered. Now consumers are more enthusiastic about a home that’s easier and cheaper to maintain, says Vogel. For many buyers, that even includes smaller rooms – a rarity in homes built during the real estate boom – that are more affordable to heat or cool. More buyers are also looking to live in or near a city – where relatively fewer new homes exist – to be closer to their job and to spend less on gasoline costs.
Read more: Buyers Shun New Homes – SmartMoney.com http://www.smartmoney.com/personal-finance/real-estate/buyers-shun-new-homes-1301521568482/#ixzz1JmlBjc31
by LRA Real Estate Group | Apr 16, 2011
By DAWN WOTAPKA Vacancy in apartment buildings fell to the lowest rate in more than two years in the first quarter, setting the stage for fewer choices and higher rent for tenants. With the economy adding jobs, and with more people choosing to rent instead of buy...
by LRA Real Estate Group | Apr 16, 2011
Wow, can anyone remember 18% mortgage rates under Pres. Jimmy Carter? I can. This is so amazing that rates are STILL under 5%. And some are probably still thinking they are too high! By NATHAN BECKER Mortgage rates rose slightly, with the average rate on 30-year...
by LRA Real Estate Group | Apr 6, 2011
courtesy of the Phoenix Business Journal Date: Tuesday, April 5, 2011 Beazer Homes (NYSE:BZH) is buying up bank-owned or auctioned properties in Phoenix and converting them into rentals with the Beazer name. “We think this makes sense. It’s a way to put our corporate...
by LRA Real Estate Group | Apr 5, 2011
by Catherine Reagor – Apr. 3, 2011 The Arizona Republic With upkeep difficult, vacancies hurt neighbors, market On a typical block in metro Phoenix, there’s at least one empty home, often several. Overbuilding during the housing boom, record foreclosures...
by LRA Real Estate Group | Apr 5, 2011
April 05, 2011, 12:08 AM EDT By Hui-yong Yu April 5 (Bloomberg) — Office vacancies in the U.S. dropped for the first time in more than three years in the most recent quarter and rents climbed, signaling the market is beginning a recovery as the economy improves....
