Rising metro Phoenix home prices and mortgage rates are making it tougher for many buyers.
Sunday, December 30, 2018
Help for first time-homebuyers: FHA ups loans limits to $314,827 in metro Phoenix
Saturday, November 24, 2018
Top 3 Reasons to Shop Locally for Your Mortgage
Finding the perfect home is only the first of many steps in your journey to being a homeowner. After deciding you've found the right one, you still have to find the right home loan to pay for it.
Sunday, November 18, 2018
Are manufactured homes the answer to metro Phoenix's affordable-housing problem?
Mobile homes and the parks where they reside often get a bad rap for being old and ramshackle.
Labels:
manufactured homes
Sunday, November 4, 2018
Apartments, offices and a Fry's: What's coming to downtown Phoenix
When a McDonald's opened in a vacant historic tower in downtown Phoenix during the mid-1990s, it was a big deal.
Downtown Phoenix's growing popularity is pricing out many residents
Downtown Phoenix's housing boom is blanketing the area with thousands of new apartments and condominiums.
Labels:
apartments,
arizona,
condominiums,
phoenix
Downtown Phoenix's rebirth has been decades in the making. Here's how they did it
More construction cranes now dot downtown Phoenix's skyline than ever.
The area's population is surging to record levels, as is the number of employers bringing new jobs to the core of the nation's fifth-largest city.
Thursday, October 18, 2018
FHA Lifts 2-Year Ban on Sun City Reverse Mortgages
After more than two years of waiting, residents at the Sun City retirement community in Arizona can once again open Home Equity Conversion Mortgages thanks to a new approval from the the Department of Housing and Urban Development.
Labels:
reverse mortgage
Monday, October 8, 2018
Most new metro Phoenix apartments are luxury, requiring hefty rents
Labels:
apartments,
multi-family
Sunday, September 23, 2018
Phoenix's Relics antiques shop finds new life in consignment
For 15 years, Timothy Harris traveled all over Europe searching for unique and high-value antiques for Relics Architectural Home & Garden, the Phoenix shop Harris started with his longtime partner in life and business, Todd Zillweger.
Labels:
interior design
Friday, September 14, 2018
Arizona Eviction Prevention Project would target eviction epidemic
The Arizona Department of Housing is considering a program that would offer financial and legal help to tenants facing eviction, marking the state's first significant steps toward addressing an eviction epidemic that exploded more than a decade ago.
Sunday, September 9, 2018
New home buyers will pay for Arizona's construction worker shortage
Metro Phoenix led the nation for losing the most construction jobs during the housing crash.
Labels:
new construction,
new home sales
Sunday, August 26, 2018
Homes to replace golf course next to Phoenixs' South Mountain
A prime piece of Phoenix land, home to a golf course for decades and next to the biggest city park in the U.S., will soon sprout new houses.
Arizona economic growth likely to accelerate, new report says
Economic conditions have improved "dramatically" in recent months for Arizona and the nation, and state-growth projections have been revised upward, according to a new report produced by the Governor's Office.
ASU expands to historic building in downtown Los Angeles
Arizona State University is boosting its footprint in Los Angeles, another expansion in a major city outside the school's home state.
Sunday, August 12, 2018
VR tours open up Taliesin West, other Arizona attractions to digital tourism
When the Internet was new, before even the World Wide Web, cyberpunk authors envisioned the potential for immersive virtual reality online. More than three decades after William Gibson's seminal "Neuromancer," the reality of VR hasn't quite caught up to that fictional vision ... but we're getting there fast.
Sunday, July 29, 2018
Phoenix gets $30M grant to remake Edison-Eastlake neighborhood east of downtown
Phoenix will receive a $30 million federal grant to drastically reshape a neighborhood just east of downtown, including demolishing and rebuilding three decrepit public-housing projects.
Phoenix, Scottsdale neighbors fight plans for Kierland high-rise
A battle over a new tower in Phoenix's upscale Kierland neighborhood is currently brewing.
Labels:
kierland commons
As land values rise in Phoenix area, mobile-home parks disappear
Almost 85,000 trailers, manufactured homes and mobile homes dot metro Phoenix.
Labels:
manufactured homes,
mobile homes
Thursday, July 26, 2018
Meritage Homes beats Wall Street forecasts for Q2, has big Phoenix-area development on tap
Shares of Meritage Homes Corp. on Wednesday reported stronger-than-expected earnings and revenue for the second quarter.
Labels:
homebuilders
Sunday, July 8, 2018
New-home sales, prices hit decade high in metro Phoenix
New houses are going up in the Phoenix area at the fastest pace in 10 years, and prices are climbing faster than they have in five years.
Labels:
building permits,
new construction
Apartment List reports rising Phoenix rents
July marks the seventh straight month Phoenix has seen apartment rents rise.
Labels:
apartments,
rental market,
renters
Saturday, July 7, 2018
CoreLogic reports Arizona, national home prices are increasing due to low supply
Home prices are rising in Arizona and nationally, and that's not going to change until there's more supply, according to a report out today.
Labels:
home prices
Sunday, July 1, 2018
Phoenix City Council sells property on Central and Adams for hotel
Downtown Phoenix is getting another trendy, high-rise hotel and office building.
Monday, June 25, 2018
3 Things Home Buyers Should Know About the New Lending Reform Law
On Thursday, President Donald Trump signed legislation rolling back some of the lending restrictions enacted in response to the housing boom and bust. While the new law doesn't entirely do away with those financial reforms, it does have some significant implications for home buyers.
Sunday, June 17, 2018
Priciest of the year: Phoenix mid-rise sells for $100 million
A Phoenix office tower, located at the prime intersection of 24th Street and Camelback Road, has sold for $100 million. It's the priciest Arizona office sale so far in 2018.
Bike-sharing companies' Phoenix-area growth leads to abandoned bikes
Managers of dockless bike-share services say they've seen exponential growth since two companies arrived in the city late last year, and they're addressing the main complaint: bikes ditched where they shouldn't be.
FHA loans fall in metro Phoenix, but that may be good for Millennials
Many real-estate agents, lenders and home sellers are seeing more Millennials purchasing their first house in the Phoenix area.
Sunday, June 10, 2018
Mesa approves lease to bring ASU to its downtown
Mesa's City Council approved a 99-year lease agreement Monday night that will bring Arizona State University to the city's downtown.
Central Phoenix Mercedes dealership property turned into new apartments
The longtime midtown Phoenix home of Arizona's first Mercedes dealership has sprouted new apartments.
Monday, May 21, 2018
Buying a rental property: One landlord's advice to potential owners
"Location, location, location" might be the mantra when selecting a promising house or condominium in which to live. But when it comes to purchasing rental homes, other factors also weigh heavily, according to one Phoenix landlord with different types of properties in Las Vegas.
Monday, May 7, 2018
Central Phoenix's Madison Grove Apartments sold for $21 million
A central Phoenix apartment complex fetched more than $21 million in a recent sale after the property had been renovated.
Saturday, May 5, 2018
Who's the coolest girl in the mortgage industry?
Lillian Wong, a Senior Loan Officer at Fairway Independent Mortgage, has worked in the mortgage business for over 25 years in both California and Arizona, and her experience shows by being a multi-million dollar producer in mainly purchase business.
Saturday, April 21, 2018
Zillow to start buying and selling metro Phoenix homes
Valley homeowners know Zillow for its online valuations. People either love or hate Zestimates, depending on what it says about their own house.
Sunday, April 8, 2018
Where are the most expensive apartment communities in the Phoenix area?
High-income renters looking for prestigious places to stay will find their best opportunities in Scottsdale and Tempe, according to the 2018 edition of the Phoenix Business Journal's Exclusive Apartments list, which was published today.
Glendale's Westgate Entertainment District up for sale
Glendale's Westgate Entertainment District is up for sale with an asking price of $142 million.
Cerberus Sfr Holdings is buying up hundreds of Phoenix-area homes
A single, well-financed buyer has purchased hundreds of lower-end Valley homes in recent months, buying up properties in one of the price ranges with the lowest stock.
Saturday, March 3, 2018
Paradise Valley mansion for sale used as set for porn website
Linda Fein was in the process of negotiating a deal on a gorgeous contemporary-style home in Paradise Valley when she and her husband made a startling discovery.
Tuesday, February 20, 2018
Will more Millennials start to buy Phoenix-area homes?
Could Millennials be holding metro Phoenix's new home market back from finally recovering?
Study: Metro Phoenix ranks 9th nationally in unaffordable rentals
Higher rents recently landed the Valley on a top 10 list of U.S. cities where renters have the toughest time stretching their wages to pay rent.
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