Metro Phoenix housing market has best month in a decade April just might have been the best month for metro Phoenix's housing market in a decade. Foreclosures fell to the lowest level since 2006. Homebuilding continued to rebound. Phoenix kept its spot as one of most affordable big metro areas for ...
More Phoenix homeowners have equity now Fewer metro Phoenix homeowners are underwater now, according to CoreLogic. Approximately 19.5% of the Valley's homeowners owed more than their house is worth as of June 30, down from 21% at the end of this year's first quarter. At the worst of the housing cra ...
Phoenix-area home sales, prices cool in July In Metro Phoenix, both sales and prices dipped in July. Home sales fell 4.5% and the median home sales price inched down to $210,000 compared with June, according to the W.P. Carey School of Business at Arizona State University. The housing market's mode ...
Ariz. homebuilders offering deals New-home prices across metro Phoenix soared too high and too fast in 2012 and 2013 for many buyers to handle, leading to a slump in sales. Home prices have dropped slightly this summer, and builders are trying to lure buyers by offering incentives that include lowe ...
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News Article From: 11-13-2012

New apartment complexes targeting high-tech workers
A $50 million apartment complex under construction in south Tempe is targeting high-tech workers - at Honeywell, Intel and other nearby technology hubs - with luxury amenities that rival custom-made homes.  The development signals a shift in Valley apartments toward high-income, often younger professionals who prefer to rent while they are fostering their career.  Mark-Taylor is marketing San Capella to the growing number of professionals working at tech companies in Chandler and Tempe.
Read article - azcentral.com




After Obama Win, Tough Tax Talk on the Table


The next two years will be a period of big measures coming out of Washington, and REALTORS® have to be prepared for the possibility that the mortgage interest deduction is unlikely to escape unscathed.  That's the sober warning REALTORS® received from one of the country's most widely respected political commentators, Charlie Cook of the Cook Political Report.  "I don't think MID will be targeted" for cuts by itself to help address the country's deficit, but "it's going to get affected, it's going to change," Cook told thousands of REALTORS®.
Read article - Realtor Magazine




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