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March 2008
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03/16/08
Realtor group’s new CEO has big plans
Filed under: General, Real Estate
Posted by: Lillian Wong @ 11:38 am

The new CEO of the Arizona Association of Realtors plans to appeal to a new generation of real estate agents by raising the group’s visibility throughout the state and using technology to a larger degree.   More…

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Only some get soaked as home values dive
Filed under: General, Real Estate
Posted by: Lillian Wong @ 11:36 am

Homeowners run the gamut and include those who are:

• Staying put and don’t want to pull equity out of their homes.
• Wanting to test the market to see what price they could get if they sold.

• Trying to downsize because they’re empty nesters or retirees.
• Selling to buy up for a bigger or better house.
• Tapping home equity from a second mortgage because of layoff, illness or divorce.
• Trying to sell to move out of state.
Investing and remodeling for a profit.  More…

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Visits to Valley often spur purchase of a 2nd home
Filed under: General, Real Estate
Posted by: Lillian Wong @ 11:33 am

Tony and Mary Dellinger came to metro Phoenix to visit family five years ago. They liked the area so much they decided to buy a second home here when they retired.  More…

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Baby boomers buy bigger to make room for ’stuff’
Filed under: General, Real Estate
Posted by: Lillian Wong @ 11:31 am

Tim Hiegel is a baby boomer. But he didn’t downsize like many of his peers. The 40-something and his wife, Dana, have a 2-year-old son and lots of stuff, so they opted for a bigger home.   More…

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First-time buyers benefit from class, housing counselor
Filed under: General, Real Estate
Posted by: Lillian Wong @ 11:24 am

Jose and Liliana Garcia are about to buy their first home. The couple looked at new homes in south Phoenix, which is close to their jobs, but the houses were too pricey. Instead, they are buying a new home in the town of Maricopa, an affordable southeast Valley suburb.  More…

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Foreclosures are catching investors’ attention now
Filed under: General, Real Estate
Posted by: Lillian Wong @ 11:22 am

Quick-flip deals on new homes are long gone. It’s the Valley’s growing number of foreclosures that has caught investors’ attention now.  More…

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Surprise, Peoria and SC West home values take a hit
Filed under: General, Real Estate
Posted by: Lillian Wong @ 11:21 am

Home values took a dive in most West Valley cities in 2007, which was the first time in five years that a majority of home prices dropped throughout the Valley.  More…

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Carefree lives up to name on home values
Filed under: General, Real Estate
Posted by: Lillian Wong @ 11:19 am

NORTHEAST VALLEY - In a year when home prices tumbled as much as 19 percent in some Valley communities, Carefree residents can rest easy that their 2007 home values actually increased 6.7 percent from the previous year.  More…

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Condo Sales and Values
Filed under: General, Real Estate
Posted by: Lillian Wong @ 11:10 am

Sale prices for condominiums and townhouses in Maricopa County fared better than those for single-family detached houses from 2006 to 2007. Median sale prices for condos increased in 57 percent of the ZIP codes for which complete data were available. In contrast, for houses, only 24 percent of the ZIP codes showed a median price increase.  More…

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Median home prices for Valley ZIP codes
Filed under: General, Real Estate
Posted by: Lillian Wong @ 11:07 am

Median single-family home prices dropped in most but not all ZIP codes from 2006 through 2007. Central, south and parts of north Phoenix, however, fared better than the fringes of the Valley. Search for home price trends by ZIP code and get five years worth of median home prices and the percent change from year to year.   More…

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Median prices of Valley homes are all over the map
Filed under: General, Real Estate
Posted by: Lillian Wong @ 10:52 am

The housing market’s troubles are showing up in many neighborhood home prices, but not all.   More…

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