Archives for October 2013

At Least 350,000 Arizona Families Got Housing Aid

Federal housing aid has helped an estimated 350,000 or more Arizona families get more affordable monthly payments and other modifications to make it possible for them to keep their homes.

Federal housing aid also has helped almost 15 percent of metro Phoenix homeowners avoid foreclosure, according to the W.P. Carey School of Business at Arizona State University.


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Builders, Buyers head for Affordable Suburbs

Home builders and buyers face a shortage of lots in metro Phoenix’s most popular developments. The lack of available home sites is one reason the region’s new-home market is recovering more slowly than expected.

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Phoenix New Home Market Slows Down

TED_3222.jpgMetro Phoenix’s new-home market has been affected by too few construction workers and a lack of affordable lots in areas popular with buyers. Now, higher interest rates and tighter lending standards also appear to be deterring prospective buyers.

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Corporation Gets Versace Home With $41.5M Bid

Casa CasuarinaA corporation had the winning bid for the South Beach mansion that once belonged to Gianni Versace.

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Housing Reports

Here you can view the housing report of Phoenix for each month for the year 2013 as well as 2012.

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Priciest Metro Phoenix Home Sales

priciest metro home salesA financial adviser, an executive of a health-care management company, an orthopedic surgeon, the founder of an electronic equipment company, an oncologist and a geologist, are among the buyers and sellers in this week’s priciest home sales.

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US Pending Home Sales Fall For 3rd Straight Month

pending home salesFewer Americans signed contracts to buy U.S. homes in August, the third straight decline. The drop could mean that higher mortgage rates are starting to deter some buyers.

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ASU Polls Top Real Estate Brokers Opinions


Apartment rents are climbing. Investors are paying higher prices for office buildings and warehouses leased by prominent companies located in employment corridors. Retailers are expanding again. Metro Phoenix’s commercial real-estate market is on the mend, but, like the economy, still has hasn’t recovered from the crippling recession, according to a new survey from Arizona State University that tracked the opinions of several top brokers in the region.

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Activist Works to Stop Unlicensed Contractors

John Jackson has been labeled both a snitch and a hero in home-construction circles.

The 51-year-old tile craftsman from Casa Grande began a crusade two years ago to expose unlicensed construction after Jackson says it became impossible for him to secure flooring contracts on new-home sites. He said the going rate for tile work dropped to unrealistic levels because subcontractors were willing to take legal shortcuts to complete the work.

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US Home Prices Rise 12.4% From Year Ago

U.S. home prices climbed 12.4 percent in August from a year ago, fueled by more buyers bidding on a limited supply of houses.

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