The housing recovery continues to pick up steam, as home prices jumped in April, and new home sales hit a five year high in May.
But a recent increase in mortgage rates could soon put the brakes on housing.
The S&P/Case-Shiller home price index was [...]
Forbes.com | Zillow, Contributor | November 2, 2012
There’s a sense of feeling useless when a disaster hits, explained Rhode Island real estate agent Erin Diaz.
Like many, she was horrified by the impact of Hurricane Sandy, which touched down along the East Coast earlier this week. Surrounded by damage in [...]
The Republic | azcentral.com | Philip Haldiman | Wednesday, October 23, 2012
An anonymous buyer has purchased a Phoenix home designed by Frank Lloyd Wright with the aim of preserving an architectural gem that [...]
CNN Money | Josh Garskof | April 27, 2012
Want to remodel your home? These eight strategies will help you yield substantial savings.
Do your remodeling in the off season. Like accountants and farmers, home-improvement pros have a slow season when they may slash prices to grab business. Redoing your bathroom in January, replacing [...]
The tide is already starting to turn in some U.S. housing markets, with home prices in these 10 metro areas expected to climb anywhere between 10% and 21% by the end of next year, according to Fiserv.
Recycling your newspaper by tossing it into your recycle bin is a great way to help the environment but reusing it instead is a smart way to help your wallet.
After catching up on the score of last night’s game or ripping out the latest low-cal dessert recipe for the cookbook, sidestep the trash bin [...]
The Wall Street Journal | Nick Timiraos | April 27, 2012
A new development is catching home buyers off guard as the spring sales season gets under way: Bidding wars are back.
From California to Florida, many buyers are increasingly competing for the same house. Unlike the bidding wars that typified the go-go years [...]
Daily Real Estate News | Thursday, December 22, 2011
Median list prices nationwide have risen 4.05 percent on a year-over-year basis, according to November housing data of 146 metro areas from Realtor.com. Fewer cities are reporting year-over-year list price declines, “suggesting a growing optimism on the part of sellers about 2012 market conditions,” according [...]
Florida’s cities were some of the hardest hit by the housing bust, but now they are leading the charge back. Of Realtor.com’s top 10 turnaround towns, eight are in the Sunshine State.
Phoenix – Median home price: $129,000
After five years of a brutal post-bubble price correction, Phoenix is rising from the dead.
“We have [...]
Daily Real Estate News | Monday, December 19, 2011
Chicago continued to hold onto the No. 1 spot for most searched for real estate market at Realtor.com in November. What other markets did potential home buyers have their eyes on last month? Realtor.com releases its top search ranking from November based on 146 metro [...]
Daily Real Estate News | Friday, December 16, 2011
From Chinese investors flocking to California to Canadian snowbirds heading to Arizona, international home buyers are offering a growing niche for more real estate professionals.
But which places are international investors targeting in their home search? Point2Homes.com evaluated where buyers from overseas are looking online [...]
Daily Real Estate News | Tuesday, December 20, 2011
Pike Research estimates the market for bringing energy efficient to commercial buildings will increase to $100 billion by 2017.
Companies doing retrofits — as well as property managers — are promoting the cost savings and other benefits of energy efficient buildings. President Obama is making [...]
Daily Real Estate News | Tuesday, December 20, 2011
New-home construction and building permits — a future gauge of construction — surged last month, slowly helping to pull the new-home market out of one of its worst years for home building.
Builders broke ground on more homes in November, a 9.3 percent increase over [...]
by Lawrence Yun, chief economist of the NATIONAL ASSOCIATION OF REALTORS® – June 14, 2011
Many baby boomer parents who are approaching retirement age have been frustrated at receiving virtually nothing on their lifetime savings from CDs (certificate of deposits) at banks. Some baby boomer parents have become frustrated with their children – adult children [...]
by Judy Klem on ActiveRain – June 13, 2011
Getting your home ready to sell? The basic equation goes something like this: Time + Effort + Money = Ready to Sell. It’s very easy to underestimate the time, effort and money it takes to get your house ready to sell. Stint on the time [...]
The cliché says that there has never been a better time to buy. The hard data in the housing affordability index confirms that. The affordability index, which takes into account median income, median home price, and mortgage rates, has been bouncing around in the 180 to 200 range since the beginning [...]
by Lawrence Yun, chief economist of the NATIONAL ASSOCIATION OF REALTORS® – June 2011
The first quarter ended with decent home sales activity, but the rest of the year should be even better. Here’s why.
The first quarter ended with decent home sales activity, with existing homes selling at an annualized pace [...]
by Derek Kravitz – May 31, 2011. Associated Press
WASHINGTON — An index of home prices in big metro areas has reached its lowest level since 2002, driven down by foreclosures, a glut of unsold homes and the reluctance or inability of many to buy.
Prices fell from February to March in 18 of [...]
Washington, DC. May 24, 2011
The improving economy and job creation mean growing demand for commercial real estate, according to the National Association of Realtors®.
Lawrence Yun, NAR chief economist, said job creation will be the biggest factor moving forward. [...]
by Sophia Stuart, Marketing Associate
Energy efficiency is an important feature for home buyers. NAR’s 2010 Profile of Home Buyers and Sellers includes some interesting data about buyers’ preferences for energy efficient features in a home.
Study findings show that:
Buyers in the East South Central and West South Central tended to place the [...]
Washington, DC. May 19, 2011
Existing-home sales slipped in April, although the market has managed six gains in the past nine months, according to the National Association of Realtors®.
Existing-home sales(1), which are completed transactions that include single-family, townhomes, condominiums and co-ops, eased 0.8 percent to a [...]
Foreclosures, recession spur surprise market shift
by Catherine Reagor – May 18, 2001. The Arizona Republic
Metro Phoenix has long been known for its supply of affordable houses, easy to buy and resell. Now, the rental market is dominating the region’s housing sector, something many real-estate experts and agents didn’t expect.
Rental homes of [...]
Tips for shopping for foreclosed, short-sale and flipped homes.
by Peter Corbett – April 23, 2010. The Arizona Republic
It has a mountain out back and, apparently, a mountain of debt.
Weeds and overgrown landscaping obscure a for-sale sign in the front of the foreclosed home northwest of Deer Valley and Cave Creek roads [...]
Washington, May 18, 2011
The U.S. continues to remain a top destination for foreign buyers as international purchases surged by $16 billion this year, one of the highest increases in recent years.
This is according to the National Association of Realtors®’ 2011 Profile of International [...]
by Catherine Reagor – August 8, 2010. The Arizona Republic
More buyers are finding Southeast Valley homes affordable again.
Amid the worst home-building slump in more than two decades, location has once again become the most important factor for metropolitan Phoenix’s new-home buyers.
After being pushed to the extreme edges [...]
April 21, 2010. AZcentral.com
Foreclosures and short sales dominate metropolitan Phoenix’s housing market, making it more difficult to calculate the value of a home. At the same time a lot of homeowners want to know, either as they consider a sale or purchase, or want to factor home value into their overall financial [...]
Take a look at these charts to get an overview of our home sales and foreclosures in Maricopa county.
The foreclosure process is started by the bank filing a Notice of Default for each home that is typically 90 days late on paying their mortgage.
by Catherine Reagor – April 20, 2011. The Arizona Republic
“Metro Phoenix’s housing market took a turn for the better last month, and if current trends continue, home prices could start to climb again before the end of the year.”
“Market experts say now is still too early to declare the beginning of a [...]
Phoenix named one of 11 comeback cities
It’s renewable energy that’s fueling growth in Phoenix. One new solar manufacturing plant in the works will create 600 jobs. Another firm is investing $50 million and has committed to 500 jobs in the region. [...]