HomeSmart, Metro Phoenix Real Estate
Charles SantAngelo, MBA
Many home owners will make renovations to their property with the idea that it will make their home more enjoyable and when it comes time to sell it will pay off. But those looking to sell should know that not all home-improvement projects will boost the value of a home.
For full article see: http://www.azcentral.com/home/free/20130905home-improvement-projects-worth-money.html
Not long ago you’d look like a fool for buying real estate in Phoenix. Today, you’d be entitled to feel like a genius if you purchased devalued property back when every fourth home was in foreclosure.
How did one of the nation’s biggest real estate sinkholes become among the hottest real-estate markets? There are several answers. One, especially, might surprise you: Phoenix has developed a housing shortage, which is helping to drive up prices.
For full article see: http://money.msn.com/home-loans/article.aspx?post=910055c6-e12e-428a-a914-1d96d691a7d4
When the region’s housing market took a nosedive a few years ago, developers abandoned subdivisions that were only partially built. Estimates by the Sonoran Institute put the number of so-called zombie lots in Central Arizona at a staggering one million. Now, with the industry well into recovery mode, that empty land is starting to wake up.
For full article see: http://www.kjzz.org/content/1306/phoenix-real-estate-zombies-start-waking
As the weather begins to cool down home owners start to see their heating bills increasing by the month. That’s why homes with energy efficient and environmentally friendly features are often a priority to buyers in search of homes on the market.
For full article see:
As the partial government shutdown extended into week No. 2 and the deadline looms for the extension of the debt ceiling, some home buyers and sellers are getting worried about the potential impact on their real estate transactions.
For full article see:
http://www.washingtonpost.com/blogs/where-we-live/wp/2013/10/10/2625/#
More than 100,000 houses stood vacant across metro Phoenix barely three years ago — roughly one of every 10. Today, it’s more like one out of every 100.
Where have all the empty houses gone? Abandoned properties pockmarked virtually every neighborhood in the region in 2010, when the housing crisis peaked.
For full article and video see: http://www.azcentral.com/business/realestate/articles/20130912phoenix-housing-market-new-issues.html
The Greater Phoenix housing market has been dominated by supply constraints for the last two years and it now looks as though this will continue for quite some time. The chronic shortage applies both to homes for purchase and homes for lease, though it is most severe for low priced homes i.e. under $200,000 for purchase. The most fundamental of the many drivers of the housing market is the balance between our population growth and the net number of homes added to the housing market supply.
For full article see: http://www.angjohnson.com/shortage-of-homes-to-sell-in-metro-phoenix-3-to-1/
