Sunday, December 24, 2017

Housing Choice Voucher program fails to open doors for many renters

Marcella Landson set aside her Section 8 voucher and stared at the shaded map of Tempe, searching for the right neighborhood. They all seemed the same. She had come to find a home, but couldn't even figure out where to look. 

Read more... https://www.azcentral.com/story/news/local/phoenix-best-reads/2017/12/14/locked-out-section-8-housing-vouchers-fail-open-doors-low-income-renters/911767001/

Single-story, unattached apartments offer house-like amenities

Metro Phoenix's apartment building boom has a different look in the suburbs. You might have driven by one of the new rental complexes and thought it was a new home subdivision.

Read more... https://www.azcentral.com/story/money/real-estate/catherine-reagor/2017/12/24/tiny-apartment-complexes-new-metro-phoenix-sparks-rental-trend/961893001/

Construction claws back from recession, 'new normal' still unclear

WASHINGTON – It was what one expert called "the mother of all booms."

Just over a decade ago, Arizona's construction industry was leading the country in residential and commercial building. People were waiting up to a year for a house, even as builders were throwing new homes up on spec for the residents who were flocking to the state.


Read more... https://cronkitenews.azpbs.org/2017/12/18/construction-claws-back-from-recession-new-normal-still-unclear/

Sunday, December 3, 2017

Millennials Want to Own Homes Too, If U.S. Economy Would Consent

Kelsey Marshall and her boyfriend Chris Eidam, both 27 years old, call the home-buying process "terrifying." But they're clear about one thing: It beats the heck out of renting.

Read more... https://www.bloomberg.com/amp/news/articles/2017-11-27/millennials-want-to-own-homes-too-if-the-economy-would-let-them

Saturday, November 25, 2017

Industrial sector shines in latest outlook for commercial real estate market

New sources of demand make the industrial segment the star of commercial real estate, according to Peter Muoio, ‎chief economist and head of research at Ten-X Commercial, the nation's leading online real estate marketplace.

Read more... https://www.bizjournals.com/bizjournals/news/2017/11/16/industrial-sector-shines-in-latest-outlook-for.html

Phoenix Landmark condo owners fight HOA assessments — and win

The bill arrived unexpectedly by email in May. It was from her Landmark Towers condominium homeowners association.

Read more... https://www.azcentral.com/story/news/local/arizona-investigations/2017/11/13/phoenix-landmark-condo-owners-win-fight-15000-hoa-assessments/830512001/

Arizona HOAs foreclosing on a record number of homeowners

Homeowners associations, the enforcers of neighborhood paint colors, holiday decorations and trash bins, are leading the latest surge in Phoenix-area foreclosures.

Read more... https://www.azcentral.com/story/news/local/arizona-investigations/2017/09/14/phoenix-area-homeowners-associations-foreclosing-record-number-homeowners/595816001/

Despite talk, there's no sign of metro Phoenix housing bubble

The dreaded term "housing bubble" has crept back into conversations about real-estate markets with big increases in home values, including metro Phoenix.

Read more... https://www.azcentral.com/story/money/real-estate/catherine-reagor/2017/11/24/despite-talk-there-is-no-sign-metro-phoenix-housing-bubble/889792001/

North Central Phoenix luxury apartment proposal sparks public clash

In north-central Phoenix, one of the Valley's hottest development corridors, a proposed apartment complex has sparked a classic clash between new development and old.

Read more... https://www.azcentral.com/story/news/local/phoenix/2017/11/25/proposed-north-central-phoenix-luxury-apartments-spark-neighborhood-clash/859218001/

Monday, November 20, 2017

With help from Bill Gates, Phoenix's growth shifting to far west

More than 300,000 new homes are planned on the far western edge of metro Phoenix, including in Belmont where billionaire Bill Gates has recently invested.

Read more... https://www.azcentral.com/story/money/real-estate/catherine-reagor/2017/11/17/metro-phoenix-growth-shifting-far-west-bill-gates/867873001/

Cool homes: Celebrate revival on Historic Roosevelt Neighborhood tour

Everybody loves a good makeover, right?

So get ready: Some of the most satisfying makeovers in Phoenix will be on display at the annual Historic Roosevelt Neighborhood home tour on Sunday, Nov. 19 — including the neighborhood itself.

Read more... https://www.azcentral.com/story/money/real-estate/cool-home/2017/11/14/cool-homes-celebrate-revival-historic-roosevelt-neighborhood-tour/827394001/

Sunday, November 12, 2017

Trump tax plan draws ire, but may boost metro Phoenix's housing market

President Donald Trump's proposed tax overhaul has raised protests from national home-builder and Realtor groups that believe it will slow home sales and harm housing markets.

Read more http://www.azcentral.com/story/money/real-estate/catherine-reagor/2017/11/09/trump-tax-reform-plan-may-boost-metro-phoenix-housing-market/845342001/

Wednesday, November 8, 2017

Bill Gates makes $80 million land deal in far West Valley

One of the richest men in the world is about to make a big impression on Arizona. Bill Gates, the second richest man in the world behind amazon.com founder and CEO Jeff Bezos, paid almost $80 million for a huge chunk of property in the far West Valley, according to a report from Business & Real Estate Weekly of Arizona.

Read more... https://azbigmedia.com/bill-gates-makes-80-million-land-deal-in-far-west-valley/

Monday, November 6, 2017

OfferPad, loanDepot partner on Scottsdale-based home loan company

Gilbert-based real estate technology company OfferPad has partnered with loanDepot to launch a home loan company to make it easier for customers to buy and sell a home online.

Read more... https://www.bizjournals.com/phoenix/news/2017/11/05/offerpad-loandepot-partner-on-scottsdale-based.html
Best,
Lillian Wong
Sr. Loan Officer NMLS 630337
Fairway Independent Mortgage
9308 E Raintree Drive
Scottsdale AZ 85260
480.650.5412
www.lillianwong.net
lillian.wong@fairwaymc.com

You can become an investor in Phoenix-area apartments for as little as $1,000

Want to invest in a metro Phoenix apartment-building boom?

It could cost you as little as $1,000, about as much as a monthly rent payment.

Read more... http://www.azcentral.com/story/money/real-estate/catherine-reagor/2017/11/05/you-can-become-investor-phoenix-area-apartments-little-1-000/826330001/

Phoenix home flips up 16 percent as aggressive investors find bargains

Thursday, November 2, 2017

Tempe squatter loses another court ruling; city can eject him

A judge has ruled that Tempe has the right to eject a man who has claimed squatters' rights to a valuable piece of property near downtown that he claims has been in his family since the late 1800s.

Read more... http://www.azcentral.com/story/news/local/tempe/2017/11/01/judge-rules-tempe-has-right-evict-squatter-valuable-land-near-downtown/822418001/

Wednesday, November 1, 2017

'Tiny home' hub for homeless veterans breaks ground in Phoenix

A neglected dirt lot gave way to a symphony of scrapes as volunteers smoothed the concrete foundation Saturday for a tiny-house project intended to fulfill much grander goals. 

Read more... http://www.azcentral.com/story/news/local/phoenix/2017/08/19/construction-begins-tiny-home-hub-homeless-veterans-phoenix/582392001/

Wednesday, October 11, 2017

Arizona Property with Alleged UFO Portals is Listed for $5M

An Arizona residence that has gained notoriety for allegedly housing two portals that extra-terrestrials use for visiting Earth is now on the market for $5 million.

Read more... http://nationalmortgageprofessional.com/news/64684/arizona-property-alleged-portals-listed

Tuesday, October 10, 2017

Sunday, October 1, 2017

2 million California homeowners live mortgage-free

Two million Californians are living a dream scenario for the American Dream: They own their home free and clear of a mortgage.

Read more... http://www.ocregister.com/2017/10/01/2-million-california-homeowners-live-mortgage-free/

Friday, July 28, 2017

Prescott home billed as world's tallest fails to sell at auction

A 124-foot-tall house in Prescott called the "world's tallest home" didn't sell at high-profile auction in late May. The house is back on the market for $1.45 million.

Read more... http://www.azcentral.com/story/money/real-estate/catherine-reagor/2017/07/27/prescott-home-falcon-nest-billed-worlds-tallest-fails-sell-auction/517291001/

Sunday, June 25, 2017

Ben Carson Just Made It Easier for Millennials to Buy Their First Homes

Ben Carson, the former presidential candidate known for his calm demeanor who was appointed by President Trump to be the Secretary of Housing and Urban Development, is trying to make it easier for millennials to purchase their first home.

Read more... http://nation.foxnews.com/2017/06/13/ben-carson-just-made-it-easier-millennials-buy-their-first-homes

Monday, June 12, 2017

Millennials and Baby Boomers drawn to Phoenix condo projects

Phoenix is in the midst of a condominium building boom. 

New high-rise developments are going up from downtown Phoenix northeast to Kierland near the Loop 101. New urban-style attached homes can be found from midtown and uptown to the Biltmore area and east to the Arcadia neighborhood. 


Read more... http://www.azcentral.com/story/news/local/phoenix/2017/06/06/millennials-and-baby-boomers-drawn-phoenix-condo-projects/364088001/

ATTOM: Home flipping loan volume hits 9-year high

Home flipping finance volume increased in the first quarter of 2017 to its highest point in nine years, according to ATTOM Data Solutions, a multi-sourced property database.

Read more... https://www.housingwire.com/articles/40367-attom-home-flipping-loan-volume-hits-9-year-high?utm_medium=email&utm_campaign=newsletter_courtesy_copy&utm_source=app

Tuesday, May 23, 2017

Luxury homebuyers can get more home for the money in Peoria, West Valley

Deep-pocketed homebuyers looking for luxury homes have long turned to Paradise Valley, Scottsdale or Phoenix's Biltmore area. But in recent years, the West Valley has seen more homes sprout with desert views, big lots, exclusive amenities and price tags approaching $1 million.

Saturday, May 20, 2017

How a slab of Chandler asphalt ended up owing $90K in back taxes

Sometimes mysteries arise from the quiet cubicles of the Maricopa County Assessor's Office, giving real-estate analysts a chance to practice Sherlock Holmes-like sleuthing.

Developer buys Mesa's Fiesta Mall, plans makeover into health, education campus

Fiesta Mall in Mesa, once a giant in the southeast Valley shopping scene, has been sold to a duo of developers who plan to transform the withering mall into a campus focused on health and education.

VA loans up 100 percent in Phoenix area as veterans settle down, buy homes

The many men and women who fight for our country must move often and be far away from loved ones for long stretches.

Wednesday, May 10, 2017

Tesla’s Solar Roof Pricing Is Cheap Enough to Catch Fire

Tesla Inc. has begun taking orders for its remarkable solar roof tiles to be delivered by summer at a price point that could be transformative for the U.S. solar market. 

Monday, May 8, 2017

Million-dollar home sales climb in metro Phoenix

Baseball hall of famers George Brett and Ryne Sandberg, PGA golfer Pat Perez, NFL defensive end Jared Allen, as well as hundreds of company executives, lawyers and doctors have bought and sold million-dollar homes in metro Phoenix's poshest neighborhoods this year.  

Saturday, March 25, 2017

Uber suspends self-driving car program after Arizona crash

Uber Technologies Inc [UBER.UL] suspended its pilot program for driverless cars on Saturday after a vehicle equipped with the nascent technology crashed on an Arizona roadway, the ride-hailing company and local police said.  The accident, the latest involving a self-driving vehicle operated by one of several companies experimenting with autonomous vehicles, caused no serious injuries, Uber said.

Read more... 

Sunday, March 19, 2017

Frank Lloyd Wright-inspired homes going up in Cave Creek

Frank Lloyd Wright's impact on Arizona architecture goes on. A community going up on one of the last big developable parcels of land in Cave Creek has his influence all over it.

Tuesday, February 28, 2017

Special Report: How Real Estate Agents Can Live Happily Ever After In Retirement

Real estate agents want their happily ever after: a post-career life with the stability that a bucket of money or residual income can bring. The road to a secure future isn't clearly marked in real estate, the paths at agents' disposal more like winding capillaries — a set of sprawled options realized through careful planning, the earlier the better.

Thursday, February 9, 2017

$400K could get you into a new, luxury condo in Scottsdale's Artesia

A stalled luxury condominium development on one of central Scottsdale's prime corners is being revived with a plan for 500 homes.

Ritz-Carlton project in Paradise Valley will cost $2B, feature largest pool in North America

After long deliberation, the Ritz-Carlton, Paradise Valley has been approved to be built by Paradise Valley Town Council.

The property, under the management of Scottsdale's Five Star Development, is set to break ground in spring 2016 and to be finished by 2018.

Intel says it's investing $7B in Chandler facility, bringing 3K jobs

The seventh-biggest company in Arizona is about to get even bigger, with Intel Corp. announcing it will bring 3,000 more workers to Chandler.

Sunday, January 22, 2017

5 changes to watch for on Roosevelt Row in 2017

Roosevelt Row is a neighborhood in flux.

The downtown Phoenix arts district will change this year as new residents move in, a notable business moves out and construction starts on other projects. Some developments are causing community consternation; other people see opportunities in what's to come.


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