HomeSmart, Metro Phoenix Real Estate
Charles SantAngelo, MBA
Hoping to reach more people, Phoenix nonprofit Homeowners Financial Care Fund has changed its name.
The group that pays mortgages or rent payments for people when a sick child prevents parents from working has dropped Homeowners Financial from its name and now goes by simply Care Fund.
For full article see: http://www.bizjournals.com/phoenix/news/2013/09/25/homeowners-financial-care-fund-changes.html?iana=ind_rre
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
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
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 following question was asked to President Obama on August 7th, 2013: I live in the greater phoenix area. My neighborhood has been hit very hard by the foreclosure crisis. Things are finally starting to look up, but we’re certainly not back to pre-recession values. How is the administration planning to help homeowners in areas like Phoenix regain our footing?
To see the presidents full response see: http://www.angjohnson.com/phoenix-homes-for-sale-president-obama-talks-real-estate/
