Real Estate Archives

Phoenix-area Foreclosure Saga Ending

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The Phoenix-area housing market has finally hit “normal, historical levels” for those going into foreclosure. After years of severe foreclosure trouble, a new report from the W. P. Carey School of Business at Arizona State University reveals that good news and more for Maricopa and Pinal counties, as of May: * The median single-family home… Read More →

TCA Awarded $300K for Foreclosure Counseling

foreclosure

Take Charge America, Inc., a non-profit credit counseling and housing counseling agency in Phoenix, was awarded $300,000 by the Arizona Attorney General’s Office over the next three years to provide free foreclosure intervention counseling to Arizona homeowners. Take Charge America will use the funds to assist more homeowners with one-on-one counseling, primarily individuals and families… Read More →

EPA recognizes Fulton for energy efficient construction

Fulton Home building

The U.S. Environmental Protection Agency (EPA) has honored Fulton Homes for its commitment to providing homebuyers with ENERGY STAR certified homes by presenting the Tempe-based homebuilder with the 2013 ENERGY STAR Leadership in Housing Award. The honor recognizes a builder that promotes energy efficient construction and helps to protect the environment through partnership with ENERGY… Read More →

WSJ Ranks Danley as Top Arizona Realtor

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The Wall Street Journal and REAL Trends, Inc. rank Walt Danley as the top selling real estate agent in Arizona, according to its “The Thousand: 2013 Top 1,000 Real Estate Professionals” list released June 28, 2013. Danley is ranked No. 37 in the U.S. for individual sales volume, having sold more than $137.7 million in… Read More →

Comerica Bank’s Arizona Index Up in April

Grant Thornton Business Optimism Index

Comerica  Bank’s Arizona Economic Activity Index climbed slightly in April, rising 0.2 percentage points to a level of 95.0. The  April  index  reading  is  23.7 points, or 33 percent, above the index cyclical  low  of 71.3. The index averaged 87.2 points for all of 2012, 8.7 points above the average for full-year 2011. “Our  Arizona… Read More →

Home prices increase by most in 7 years

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U.S. home prices jumped 12.1 percent in April from a year ago, the most since March 2006. More buyers and a limited supply of available homes have lifted prices in most cities across the country, a sign of a broad-based housing recovery. “The increase in the number of people looking for a new home often… Read More →

Landlords must disclose foreclosures to tenants

foreclosure

Renters no longer have to worry about being surprised when their home is repossessed by a bank now that a new law requiring landlords to give them notice has been signed. Gov. Jan Brewer signed the tenant notice bill late last week amid a flurry of action on laws passed by the legislature in the… Read More →

Terminix Bringing 300 Jobs to Glendale

Westgate Entertainment District

iStar Financial announced today that Terminix, the world’s largest pest control provider, will open a new customer care center at Westgate Entertainment District in October that will bring as many as 300 jobs to Arizona and help invigorate activity within the office buildings of the Entertainment District. At 32,800 square feet, the deal is the… Read More →

Brookfield Communities Partners With Keller Williams

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June 17, 2013 by in Business News | Real Estate

Brookfield Communities has partnered with Keller Williams – the largest residential brokerage firm in the U.S. – to market and sell homes at its Fox Creek  master-plan development in Bullhead City. The partnership, finalized last week, will give Fox Creek significant growth opportunities, said Brookfield Communities founder and president, Phil Petersen. “This is a strategic… Read More →

Housing, how should we look at it going forward?

During the last two years the country has experienced an upward shift in the housing market. How does this affect home owners today? For years, home owners have typically viewed real estate as one of their largest assets. However, we’ve learned during the last housing bubble, it can also be our largest liability. The housing… Read More →

HUD Supports Native American housing in Arizona

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June 13, 2013 by in Business News | Real Estate

The U.S. Department of Housing and Urban Development today awarded $563 million to 353 American Indian and Alaskan Native entities that represent 539 tribes across the U.S.  HUD awarded 16 Arizona Native American communities $127.5 million provided through the Indian Housing Block Grant (IHBG) Program.  These funds are distributed annually to eligible Indian tribes or… Read More →

No Housing Bubble for the Phoenix Area?

housing.prices

Despite dramatic home-price boosts, don’t expect another housing bubble anytime soon in the Phoenix area. A new report from the W. P. Carey School of Business at Arizona State University breaks down what’s happening in the Maricopa and Pinal County housing market, as of April: * The median single-family home price climbed again to $181,399,… Read More →

Phoenix among top markets in Price Performance

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Homes.com, a leading online real estate destination and complete lifestyle resource, released the Homes.com Local Market Index, a new summary of price performance on repeat sales properties in the U.S. Utilizing home pricing data for the period ending March 2013, the index showed 96 out of 100 markets for single-family properties advancing on a monthly… Read More →

HomeSmart International Expands Network into Texas

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Real estate firm HomeSmart International continues its nationwide growth with the opening of its newest franchise in Cedar Hill, Texas. Based in Phoenix, HomeSmart began franchising two years ago, offering one of the most attractive business models in the real estate industry. HomeSmart CEO and President Chuck Lemire believes this new partnership will continue the… Read More →