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
The chronic supply shortage that has had a stronghold on the metro Phoenix housing market this past year is finally loosening its grip and may return to a state of normalcy by year end, according to the latest Arizona State Univesity report released Friday.
For full article see: http://www.bizjournals.com/phoenix/news/2013/10/04/supply-shortage-in-phoenix-housing.html?iana=ind_rre
The Phoenix brownstone mansion project Chateau on Central has been a magnet of attention in its short life. It’s had its detractors, but now it has a major new homebuyer and potentially new momentum.
For full article see: http://www.azcentral.com/business/realestate/articles/20130822chateau-central-sells-million.html
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.
For full article see: http://www.azcentral.com/business/realestate/free/20130905builders-buyers-head-affordable-suburbs.html
Here you can view the housing report of Phoenix for each month for the year 2013 as well as 2012.
For full article see: http://wpcarey.asu.edu/finance/real-estate/market-reports.cfm?utm_medium=unpaid_media
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
