New-Build Construction: To Buy or Not to Buy?
Anyone looking for their next home has asked the question: Is there an advantage in buying a brand new home over one already existing? The answer to the question is simple: Yes. However, there’s also another answer to this question: No. Purchasing a new-build...Home Price Update: May 2018 Median Prices
The Median Home Prices are inching UP↑ in Metro Phoenix! The report for May 2018 shows the Median Home Price now exceeds $263k, up from a 5-yr average of $226k. The big reason? Supply and Demand, of course! (We don’t even need to consult an ‘Idiot’s...Luxury townhomes to be built near ASU Tempe campus
courtesy of Catherine Reagor, The Republic | azcentral.com September 12, 2014 Called 4 TwentyOneWest for its address on Sixth Street, townhouses in the project will have three and four stories. Prices start at $365,000 and go up to $534,000. Irene Catsibris Clary of...5 myths about buying a home
By Les Christie @CNNMoney August 13, 2014 From housing bubble to foreclosure crisis to somewhere in between, the housing market has changed dramatically over the past decade — and so have many of the rules of homebuying. Myth #1: Buying a home is a great...What You Can Do to Improve Your Credit
What You Can Do to Improve Your Credit Credit scores, along with your overall income and debt, are big factors in determining whether you’ll qualify for a loan and what your loan terms will be. So, keep your credit score high by doing the following: Check for and...Tips for Buying in a Tight Market
[courtesy of Realtor Mag] Tips for Buying in a Tight Market Increase your chances of getting your dream house in a competitive housing market, and lower your chances of losing out to another buyer. Get prequalified for a mortgage. You’ll be able to make a firm...New home permits soaring around Phoenix
courtesy of Kristena Hansen Reporter- Phoenix Business Journal The continued surge in existing home prices and a tight supply of properties on the market throughout metro Phoenix has been causing a ripple effect on the new home market, which saw a 65 percent...Phoenix-area home prices up 34% in a year, new home sales up 85%
courtesy of Kristena Hansen Reporter- Phoenix Business Journal After a seasonal slowdown during the scorching summer months, the metro Phoenix housing market was back on the upswing again in October with existing home prices up more than 34 percent year-over-year and...Unemployment rates fell in 45 states in January
Courtesy of CHRISTOPHER S. RUGABER – Mar. 13, 2012 AP Economics Writer Is this good news for Arizona? WASHINGTON – The unemployment rate fell in 45 U.S. states in January, a sign that nearly all of the country is benefiting from an improving economy...Americans to get property tax breaks
Courtesy of Mar. 13, 2012 USA Today More than five years after real estate prices began to tumble, Americans are finally starting to get property tax breaks on their devalued homes, a USA TODAY analysis finds. Cities, counties and school districts today collect 20%...Scottsdale home prices dip 7 percent
Mar. 13, 2012 | courtesy of The Republic | azcentral.com Scottsdale’s median home price of $330,100 in January was down 7 percent from a year earlier, according to the latest monthly report from the Arizona State University Center for Real Estate Theory and...Distressed properties take toll on Chandler market
by Edythe Jensen – Mar. 13, 2012 10:00 AM Courtesy of The Republic | azcentral.com Central Chandler continues to have more distressed properties on the market than other parts of the Southeast Valley while Mesa and Chandler have the largest citywide numbers of...Phoenix-area homebuyers squeezed out by investors
Cash-up-front deals shut out competition for tight supplies Courtesy of Catherine Reagor – Mar. 10, 2012 The Republic | azcentral.com Many potential homebuyers who sat on the sidelines watching metro Phoenix’s house prices fall during the past five years...Report: Upbeat findings for Arizona housing market
Courtesy of Catherine Reagor – Feb. 23, 2012 The Arizona Republic | azcentral.com Editors Note: LRA Real Estate can find the perfect home for you. Please Contact Us today to start your Search on MLS. Metro Phoenix home prices are up. Fewer inexpensive homes are...New American Dream Is Renting to Get Rich
Courtesy of Lou Carlozo | Reuters – Thu, Feb 16, 2012 Editors Note: LRA Real Estate provides clients with successful property search results. CONTACT US TODAY to find your property! Rich Arzaga owns a luxury home in San Ramon, California, but he’s not betting on...Homeownership: The ultimate dating aphrodisiac
Courtesy of Les Christie | CNNMoney.com – Tue, Feb 14, 2012Editors Note: LRA Real Estate provides clients with successful property search results. CONTACT US TODAY to find your property! When it comes to dating, homeownership can be the ultimate aphrodisiac. In a...Kiss These 10 Once-Popular Home Features Goodbye
Courtesy of Steve Kerch | MarketWatch – Fri, Feb 17, 2012 Editors Note: LRA Real Estate provides clients with successful property search results. CONTACT US TODAY to find your property! Times are tough in the home-building industry, meaning the 500,000 or so new...What Happens When You Walk Away From Your Home?
Courtesy of Reuters through Yahoo News By Chris Taylor | Reuters – Mon, Jan 30, 2012 Editors Note: LRA Real Estate provides clients with successful property search results. CONTACT US TODAY to find your property! It was just last summer that Charlotte Perkins made the...Post Foreclosure, Bankruptcy and Short Sale: Waiting Period Matrix Chart
Editors Note: LRA Real Estate provides clients with successful property search results. CONTACT US TODAY to find your property! Wonder how a foreclosure, bankruptcy or short sale will affect your next home purchase? Should you just let your home go into foreclosure,...Phoenix homebuyers can tap into $116M for foreclosed homes
by Connie Cone Sexton – Feb. 6, 2012 courtesy of The Republic | azcentral.com Editors Note: LRA Real Estate provides clients with successful property search results. CONTACT US TODAY to find your property! It wasn’t that long ago when Joseph Janick was...LRA Real Estate Group Announces Property Management Option
October 20, 2011 (Phoenix, AZ), Information line. The local real estate brokerage LRA Real Estate Group announces the opening of the Property Management Division of the company in the Phoenix metro area today. The company will initially focus on single family homes...Phoenix-area "shadow inventory" of homes doing well in market
Foreclosures selling faster here than in other areas by Catherine Reagor – May. 28, 2011 The Arizona Republic Metro Phoenix has a “shadow inventory” of nearly 100,000 homes, the kind that market watchers sometimes fear could flood the region’s...It Can Pay to Snoop on Neighbors
By AMY HOAK Wall Street Journal, Marketwatch Going to the open house of a home for sale down the block may make you feel like a nosy neighbor. But there are good reasons, beyond sheer curiosity, to take a peek inside. By knowing the selling prices and how properties...Phoenix-area rental homes dominate housing market
Foreclosures, recession spur surprise market shift by Catherine Reagor – May. 18, 2011 12:00 AM The Arizona Republic Metro Phoenix has long been known for its supply of affordable houses, easy to buy and resell. Now, the rental market is dominating the...Metro Phoenix new-home market is on mend, experts say
by Catherine Reagor – May. 19, 2011 The Arizona Republic Metro Phoenix’s homebuilding market is on the second step of a five-phase recovery process, according to one of the nation’s top housing analysts. During a Wednesday Urban Land Institute panel...Home Sellers Become Lenders to Poor-Credit Buyers
By Prashant Gopal – May 10, 2011 Bloomberg News Sue and Douglas Reed knew no bank would give them a mortgage — not with a bankruptcy and two foreclosures fresh in their credit history. They turned to Hilarie Walters, whose childhood home on 15 acres (6...6 Arizona laws limit HOAs' power
by Edythe Jensen – May. 8, 2011 The Arizona Republic Arizona homeowners associations are losing a few more of their powers. They can no longer ban political and real-estate signs, flagpoles or parking on public streets, according to six bills signed into law by...Realty Executives Phoenix likely to file Chapter 11
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...Investors find housing niche
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...It Pays to Own a Multi-Family Home
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-...Credit Score Confusion Leads to Controversy
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...Why New Homes Don't Sell
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