Phoenix Housing News

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Housing gives construction spending modest gain in May - Phoenix Business Journal

Mon, 07/01/2013 - 16:40

San Francisco Chronicle

Housing gives construction spending modest gain in May
Phoenix Business Journal
What do rising interest rates mean for the Phoenix housing market? Supreme Court's same-sex marriage rulings could have far-reaching business and legal impacts · Final construction of Hayden Ferry ramping up · The Phoenix Business Journal's 2013 40 ...
US construction spending up 0.5 percent in MayAZFamily

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Rising interest rates could slow fragile housing recovery - Baltimore Business Journal (blog)

Thu, 06/27/2013 - 11:18

Rising interest rates could slow fragile housing recovery
Baltimore Business Journal (blog)
Let's suppose a consumer obtains a 30-year fixed loan and puts 20 percent down on a house priced at $170,500, which, according to Zillow, is the current median home price for metro Phoenix (less than Arizona State University's estimate of $181,399 for ...

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Basketball: Cheshire Phoenix strike two-year sponsorship deal with Your ... - ChesterChronicle.co.uk

Thu, 06/27/2013 - 02:28

Basketball: Cheshire Phoenix strike two-year sponsorship deal with Your ...
ChesterChronicle.co.uk
Peter Harrison, head of Cheshire region for Your Housing Group, added: “Chester has been identified as a key growth area for Your Housing Group and we are already starting to build strong links in the community. The sponsorship of Cheshire Phoenix is a ...

Mortgage rate hikes may slow down hot housing markets - Phoenix Business Journal

Wed, 06/19/2013 - 01:38

Boston Globe

Mortgage rate hikes may slow down hot housing markets
Phoenix Business Journal
The Washington Post reported interest rates have risen from about 3.35 percent at the beginning of May to 3.98 percent, and analysts say fast-rising rates could slow the housing recovery. Phoenix has been at the center of the recovery, posting some of ...
Mortgage Rates Rise but Still a BargainWall Street Journal

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Housing market showing big improvement - AZFamily

Tue, 06/18/2013 - 22:03

Housing market showing big improvement
AZFamily
PHOENIX -- If you've been waiting to sell your home, now may be the time. 3 On Your Side talked about the improving housing market last month when experts told us more people were building new homes and even buying existing homes. After that report ...

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TODAY'S DEALS: Bascom Arizona Closes 432-Unit Acquisition in Phoenix - Multi-Housing News

Tue, 06/18/2013 - 11:27

TODAY'S DEALS: Bascom Arizona Closes 432-Unit Acquisition in Phoenix
Multi-Housing News
Phoenix—Bascom Arizona Ventures has expanded its holdings in the Grand Canyon State with its acquisition of Arcadia Cove Apartments, a 432-unit luxury asset located in Phoenix. The sales price was undisclosed. The company's go-to finance gurus Brian ...

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Phoenix's Housing Market: Saying 'Bubble' Doesn't Make It True - Wall Street Journal (blog)

Tue, 06/18/2013 - 04:05

Wall Street Journal (blog)

Phoenix's Housing Market: Saying 'Bubble' Doesn't Make It True
Wall Street Journal (blog)
Because it was the nation's first hard-hit housing market to stabilize, Phoenix has offered a roadmap of sorts for the rest of the country. For that reason alone, the housing market's latest metamorphosis is worth a closer look. The most recent monthly ...

In Phoenix real estate, zombies start waking up - KJZZ

Thu, 06/13/2013 - 05:54

KJZZ

In Phoenix real estate, zombies start waking up
KJZZ
Since 2009, the City of Phoenix has gotten about $116 million in federal stimulus money to find new buyers of foreclosed houses and to rescue stalled-out housing developments like Gordon Estates in South Phoenix. Construction on the subdivision stopped ...

Phoenix housing market on steady ground, expert says - newszap.com

Wed, 06/12/2013 - 13:21

Phoenix housing market on steady ground, expert says
newszap.com
The sky is not going to fall, the bubble is not going to burst nor is the ground going to come out from under the Phoenix housing market despite housing values peacocking a 30 percent increase compared to this time last year. Despite steady value gains ...

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Reports Show No Phoenix Housing Bubble - NuWire Investor

Wed, 06/12/2013 - 09:00

Reports Show No Phoenix Housing Bubble
NuWire Investor
The U.S. housing market's ever-increasing strength and momentum has many real estate experts worried that bubbles may start forming in areas that are performing particularly well, but one report from Arizona State University claims that, at least in ...
No Reason to Fear a Housing BubbleKiplinger Personal Finance

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Why Phoenix is NOT headed for another housing bust - Phoenix Business Journal (blog)

Tue, 06/11/2013 - 14:01

azcentral

Why Phoenix is NOT headed for another housing bust
Phoenix Business Journal (blog)
The speculation refers to the thousands of metro Phoenix homes that were scooped up by small and large institutional investors during the downturn. Many of those properties have since been flipped into income-generating rentals, largely providing ...
Housing market heading toward rebound or bust?AZFamily
Metro Phoenix median home-sales price up 60%azcentral

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Can Phoenix Reinvent Itself as a Transit City? - Streetsblog Capitol Hill (blog)

Tue, 06/11/2013 - 09:54

Streetsblog Capitol Hill (blog)

Can Phoenix Reinvent Itself as a Transit City?
Streetsblog Capitol Hill (blog)
Perhaps no other city in the country has the reputation for sprawl that Phoenix does, and it is well deserved. This is a city built around the car — until 2008, sprawling suburban housing in Maricopa County was the driving force of the regional economy.

Housing market heading toward rebound or bust? - AZFamily

Mon, 06/10/2013 - 23:15

Housing market heading toward rebound or bust?
AZFamily
PHOENIX -- Good news for Valley homeowners. Prices are climbing big time. But could that mean we're heading toward another housing bubble bust? “Prices are still moving up,” said Michael Orr, director of the Center for Real Estate Theory and Practice ...

No Housing Bubble in Phoenix: Report - TheStreet.com

Mon, 06/10/2013 - 13:17

azcentral

No Housing Bubble in Phoenix: Report
TheStreet.com
Another report makes a similar argument, though it focuses on the housing market in Greater Phoenix where home prices have been rising at a scorching pace. Concerns that institutional investors are causing a bubble in Phoenix are overdone, according to ...
Housing market heading toward rebound or bust?AZFamily
Metro Phoenix median home-sales price up 60%azcentral
Beware False Pundits: No Evidence of New BubbleKnowledge@W. P. Carey
KJZZ
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Phoenix veteran housing project completed - KTAR.com

Fri, 06/07/2013 - 16:35

Phoenix veteran housing project completed
KTAR.com
PHOENIX -- After nearly a year, the Grand Veteran's Village near 35th Avenue and Indian School is now a reality. The organization U.S. Vets Phoenix started the renovation of a run-down hotel in July 2012. The goal was to create apartment units for vets ...

East Mesa's housing development shows real estate recovery - AZFamily

Tue, 06/04/2013 - 19:20

East Mesa's housing development shows real estate recovery
AZFamily
MESA, Ariz. -- New construction is turning a corner in the Valley, and the suburb of Mesa is ready to grow again. A housing development long in the planning stages is now open. “It is the symbol that residential real estate is back in Arizona,” said ...

Behind the Rise in House Prices, Wall Street Buyers - New York Times

Mon, 06/03/2013 - 20:21

New York Times

Behind the Rise in House Prices, Wall Street Buyers
New York Times
Emily Berl for The New York TimesJoe Cusumano, a real estate agent, outside a home in Riverside, Calif. He said much of his business came from large investors. The last time the housing market was this hot in Phoenix and Las Vegas, the buyers pushing ...
Housing Prices Are Being Dangerously Distorted By Big Institutional MoneySeeking Alpha

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Community organizations , officials break ground on LGBT senior housing facility - Chicago Phoenix

Mon, 06/03/2013 - 10:32

Community organizations , officials break ground on LGBT senior housing facility
Chicago Phoenix
Community leaders and elected officials gathered Monday near the Center on Halsted in the Boystown neighborhood to break ground for the construction of a facility that would provide affordable housing for lesbian, gay, bisexual, transgender and queer ...

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Phoenix city officials tour new urban housing downtown - KJZZ

Fri, 05/31/2013 - 17:13

Phoenix city officials tour new urban housing downtown
KJZZ
Today, Housing and Urban Development Secretary Shaun Donovan toured an apartment complex under construction that will bring people of all income levels together, downtown. Phoenix is going urban. Those were some of Mayor Greg Stanton's first words ...
Official: Phoenix leads way on helping homeless veteransKTAR.com

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State lacks affordable rental housing - azcentral

Fri, 05/31/2013 - 17:06

State lacks affordable rental housing
azcentral
Sheila Harris, founding director of the Arizona Department of Housing, authored the report and discussed it at a daylong conference in Phoenix on May 17. The Housing Alliance is a statewide coalition with the goal of providing Arizonans quality housing ...