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Vacancy rates declining

June 15th, 2006

Hi,

We have mentioned before in this blog that rental rates are increasing and vacancy rates continue to decline in the Phoenix area due to many factors.  The top factors include the rising cost of new homes squeezing some potential buyers out of the market, and condo conversions reducing the number of available units for rent.

To back this up, there was an article on AZ Central today from ...

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Mortgage Rates

June 14th, 2006

Hi and welcome to Wednesday.  Over the hump and on to the weekend! 

Mortgage rates tend to be one of the key factors in sales rates.  Rates remain low, and should help the market out of the doldrums as investors start to clear out.  Here is a snippet from Inman News on rates.

Overnight real estate rates barely budge

30-year fixed rate at 6.17%; 10-year Treasury yield at 4.97%

Wednesday ...

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San Tan Freeway (202) Opens in Gilbert!

June 11th, 2006

Hello - we hope you are having a great weekend!

Good news for the SE Valley - tomorrow, the San Tan Freeway will open 12 more miles of road!  We are very excited, as we do quite a bit of business out in Queen Creek - this alleviates some of the congestion we sometimes hit on the I-60. 

Here is the article from www.azcentral.com:

 

Freeway segment a relief to GilberMike Walbert
The Arizon ...

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Wildcat Ridge (Desert Ridge) Open House!

June 9th, 2006

We are proud to announce that this Saturday, June 10, 2006, 12:00 PM to 4:00 PM we will be hosting an Open House at 20926 N. 37th Way in Wildcat Ridge (Desert Ridge), Phoenix. This is an opportunity to visit this excellent Single Family Detached home for sale in beautiful Wildcat Ridge (Desert Ridge).
Please come with any questions you may have. In the meantime you can take a virtual tour of ...

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Toll Bros. paints a rosy picture

June 9th, 2006

Hi,

 

There was an article in the AZ Republic today quoting statements coming from Toll Brothers, one of the nations top luxury builders.  Their expectation is to see home sales grow again after the excess investor inventory is absorbed in the general market.  This is something we have heard before, and agree with.  Much of what grew this market over the last couple of years, is what is cau ...

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Scottsdale Condo Conversion - great prices on homes ready soon!

June 7th, 2006

Hello!

We thought we would update you on a condo conversion project in Scottsdale, just north of Old Town - Bella Vita.  They have a select number of homes ready now/soon, with great prices and incentives on them - starting from the $130s! 

If you are interested in this - or any other - condo conversion in Scottsdale, or anywhere in the Phoenix metro area, please contact us at info@weareaz ...

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Open Escrow - a great way to save money if you plan on selling soon!

June 4th, 2006

Hello!

As promised, we are going to cover the advantages of an "Open Escrow" - essentially, keeping the file open at the title company, for up to 2 years. 

Why would you want to do this?  Well, if you know for certain you will be selling the property soon, this can greatly reduce the amount for your title work!  It costs more on the front end, but saves you money in the end. 

How does it ...

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CONGRATS and info on Hard Money Loans

June 3rd, 2006

Hello and good weekend!

Congrats to Bailey on the closing of his fixer home!  View this recently sold Single Family Detached home or see all our home sales.

This sale closed 5 business days after the contract was written, and actually, could have closed in 2.  How?!   Hard Money Loan.  This is a great avenue for buyers who invest in fix-and-flip or just wholesale property purchases - any ho ...

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Greenspan Speaks

June 2nd, 2006

Hi,

Alan Greenspan, former Fed Chairman, spoke a couple of weeks ago at the Bond Market Association 30th Anniversary Dinner. His remarks included his take on the housing market.  Here is a blurb from the LA Times regarding that speech.

May 20, 2006

Former Federal Reserve Chairman Alan Greenspan said Thursday that Americans’ consumption could taper off somewhat now that the U.S. housing m ...

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Rents Rising

June 1st, 2006

Hello!

There was a great article in the AZ Republic on Tuesday – it reiterated the fact that rents are rising in Phoenix.  Here it is, in its entirety: 

Apartment rents expected to rise 5 percent

Noelle Knox
USA Today
May. 30, 2006 07:58 AM

If you're a renter trying to save for a down payment, or you're just trying to move out of your parents' home, it'll likely get harder this year ...

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