Mortgage And Real Estate News

Tuesday, May 23, 2017

BofA opens debate on lowering mortgage down payments

(Reuters) - The head of Bank of America Corp (BAC.N), the United State's fourth-biggest mortgage lender, said on Thursday banks would be able to supply a bigger share of funding for home purchases if the standard down payment for buyers was cut to 10 percent from 20 percent.

Luxury homebuyers can get more home for the money in Peoria, West Valley

Deep-pocketed homebuyers looking for luxury homes have long turned to Paradise Valley, Scottsdale or Phoenix's Biltmore area. But in recent years, the West Valley has seen more homes sprout with desert views, big lots, exclusive amenities and price tags approaching $1 million.

Sunday, May 21, 2017

Can Zillow 'Uber-ize' the hundred-billion-dollar real estate brokerage?

Earlier this month, when Zillow announced a record high quarter, projecting to surpass a billion dollars in revenue by the end of this year, many wondered whether the company, with its 75 percent online real estate audience market share and 171 million monthly users, can "Uber-ize" real estate agents, cutting out traditional brick-and-mortar brokerage middlemen in the same way Uber bypassed taxi dispatchers.

31-story, $100M apartment tower planned for downtown Phoenix

Saturday, May 20, 2017

How a slab of Chandler asphalt ended up owing $90K in back taxes

Sometimes mysteries arise from the quiet cubicles of the Maricopa County Assessor's Office, giving real-estate analysts a chance to practice Sherlock Holmes-like sleuthing.

Developer buys Mesa's Fiesta Mall, plans makeover into health, education campus

Fiesta Mall in Mesa, once a giant in the southeast Valley shopping scene, has been sold to a duo of developers who plan to transform the withering mall into a campus focused on health and education.

VA loans up 100 percent in Phoenix area as veterans settle down, buy homes

The many men and women who fight for our country must move often and be far away from loved ones for long stretches.

Wednesday, May 10, 2017

Tesla’s Solar Roof Pricing Is Cheap Enough to Catch Fire

Tesla Inc. has begun taking orders for its remarkable solar roof tiles to be delivered by summer at a price point that could be transformative for the U.S. solar market. 

Monday, May 8, 2017

Leading Index for Commercial Real Estate Decreases in April

Note: This index is a leading indicator for new non-residential Commercial Real Estate (CRE) investment, except manufacturing. 

Million-dollar home sales climb in metro Phoenix

Baseball hall of famers George Brett and Ryne Sandberg, PGA golfer Pat Perez, NFL defensive end Jared Allen, as well as hundreds of company executives, lawyers and doctors have bought and sold million-dollar homes in metro Phoenix's poshest neighborhoods this year.  

Reuters: Business News

National Commercial Real Estate News From CoStar Group

Latest stock market news from Wall Street - CNNMoney.com

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