A corporation had the winning bid for the South Beach mansion that once belonged to Gianni Versace.
For full article see: http://www.azcentral.com/business/realestate/free/20130917corporation-gets-versace-home-m-bid.html
Home prices
Corporation Gets Versace Home With $41.5M Bid
October 17, 2013 by
Priciest Metro Phoenix Home Sales
October 17, 2013 by
A 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.
For full article see: http://www.azcentral.com/business/realestate/articles/20130928done-deals-priciest-metro-phoenix-home-sales.html
ASU Polls Top Real Estate Brokers Opinions
October 17, 2013 by
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.
For full article see: http://www.azcentral.com/business/realestate/articles/20130926asu-polls-real-estate-brokers-metro-area.html
Not All Home-Improvement Projects Worth The Cash, 6 Tips
October 17, 2013 by
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
The Phoenix Miracle
October 17, 2013 by
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
Will Modifications Replace Short sales?
October 10, 2013 by
Many of my clients are approaching me asking if they should modify or short sale. A year ago I would have said modifications are an urban legend. However, in 2013, the word “modification” may actually have some meaning. Mortgage modification is defined as a process where the terms of a mortgage are modified outside the original terms of the contract agreed to by the lender and borrower. That sounds simple enough, the trouble is finding a modification that (1) a borrower qualifies for and (2) makes financial sense.
For full article see http://www.asreb.com/skins/asreb/standard.aspx?elid=66&aid=315&SkipFlip=66
Home Prices rising across the U.S
October 9, 2013 by
Home prices are on a tear — up 10.9 percent in March, compared to one year ago, in the 20 big metro areas. The 10-city index was up 10.3 percent, and the national index was up 10.2 percent. For several months, the index has shown prices rising in all major cities in the country. That’s despite the fact that — with the exception of the stock market — no other sector of the economy is improving at this rate. Certainly wages and new-job creation aren’t on this kind of up-slope.
The last time home prices were rising at this rate was spring 2006. Soon after — in the summer of 2006 — home prices peaked, before they came crashing down.
For full article see: http://www.marketplace.org/topics/economy/home-prices-are-rising-fast-should-we-be-worried
