Archive for December, 2012

More Home Buyers Feel the Urgency

Sunday, December 30th, 2012 azrealtycom No Comments »

Home buyers are feeling more confident that the housing market is in recovery mode and they’re realizing they better act soon if they want to take advantage of low mortgage rates and home prices before they rise more. Seventy percent (70%) of home buyers in 18 markets believe home prices will rise in their neighborhood within […]

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Landlord Quick Tip – Decorating for the Holidays

Friday, December 28th, 2012 azrealtycom No Comments »

It’s easy to get swept up into the “spirit of the holidays” but when that spirit includes holiday decorating on rental properties, landlords can quickly fall on a slippery slope when it comes to Fair Housing complaints. Remember, religious beliefs are protected under anti-discrimination laws. What that means on a practical level is far from […]

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Grand Canyon University Possible $150M Expansion in East Valley

Monday, December 24th, 2012 azrealtycom No Comments »

Grand Canyon University is planning to build 320,000 square feet cmpus in the East Valley that eventually will house 2,000 employees and 7,500 students. Initially, the campus will employ 1,000 people and double that by 2020. It will need anywhere from 75 to 150 acres for such expansion. GCU issued request for proposals to Mesa, […]

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December 22, 2012

Monday, December 24th, 2012 azrealtycom No Comments »

Metro Phoenix Housing¹ Market Snapshot December 22, 2012 City Active Pending Sales DOM² Avg $/SF Anthem 150 53 63 66 $106.37 Chandler 716 400 324 52 $119.01 Fountain Hills 220 45 37 128 $171.15 Gilbert 797 528 376 56 $105.88 Glendale 686 468 279 41 $87.85 Laveen 163 136 76 60 $69.09 Maricopa 607 201 116 64 $63.82 Mesa […]

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7 Property Management Mistakes To Avoid

Sunday, December 23rd, 2012 azrealtycom No Comments »

Whether you hire someone to manage your investment property or do-it-yourself, there are some key property management mistakes you want to avoid. Sometimes being penny wise is being dollar foolish. Owning property is a long-term investment with the building, the land and the tenant so planning ahead is important. Here are some tips to help you along […]

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A Future Landmark For Phoenix?

Thursday, December 20th, 2012 azrealtycom No Comments »

A Danish architecture firm and an Arizona real estate developer are proposing a 420-foot modernistic observation tower that would be located in downtown Phoenix and billed as a tourist destination. That would make the tower close to 39 stories and the tallest building in Arizona. Bjark Ingels Group (BIG) designed the proposed Phoenix Observation Tower. […]

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Metro Phoenix Top Nationwide Overall Performance – December 2012

Thursday, December 20th, 2012 azrealtycom No Comments »

With the shining performance of Employment (6th), Unemployment (26th), Output (GDP) (3rd) and House Prices (1st), metro Phoenix proudly stands on the 3rd position among nation’s top 100 metro areas. Phoenix led the West region and much of the nation with swift job growth of 0.8 percent over the quarter. Phoenix also has rebounded steadily with […]

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Arizona Ranks 3rd Among State-To-State Moves in 2011

Wednesday, December 19th, 2012 azrealtycom No Comments »

The Most Common State-to-State Moves Census Bureau just released state-to-state migration flow tables with 2011 American Community Survey estimates. The American Community Survey provides demographic, social, economic and housing statistics, including geographical mobility for every community across the nation every year. The most common state-to-state moves in 2011 were: New York to Florida: 59,288 movers California […]

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More Real Estate Pros Optimistic About Home Values

Wednesday, December 19th, 2012 azrealtycom No Comments »

More real estate professionals are optimistic about the direction of home prices, according to a fourth-quarter survey by HomeGain of more than 200 practitioners and brokers nationwide. Sixty-five percent of real estate professionals say they expect home values to rise in the next six months, up from 51 percent in the previous quarter.  In the […]

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Landlord Quick Tip – Are You Liable If Tenant’s Friend Injured?

Monday, December 17th, 2012 azrealtycom No Comments »

The answer is YES. Most landlords are careful who they rent to, but it’s harder to manage a tenant’s guests. If those guests cause problems, like damaging the property or disturbing — even harming — other tenants, or if that guest is injured, the landlord often is the first to be blamed. Give your guest […]

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