(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.
Tuesday, May 23, 2017
Posted by Lillian Wong at 9:20 PM
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.
Posted by Lillian Wong at 8:58 PM
Sunday, May 21, 2017
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.
Posted by Lillian Wong at 8:54 PM
A Florida developer is buying land at the Arizona Center in downtown Phoenix with plans for a 31-story, $100 million apartment tower.
Posted by Lillian Wong at 2:20 PM
Saturday, May 20, 2017
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.
Posted by Lillian Wong at 2:06 PM
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.
Posted by Lillian Wong at 1:22 PM
The many men and women who fight for our country must move often and be far away from loved ones for long stretches.
Posted by Lillian Wong at 1:17 PM
Wednesday, May 10, 2017
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.
Posted by Lillian Wong at 12:54 PM
Monday, May 8, 2017
Note: This index is a leading indicator for new non-residential Commercial Real Estate (CRE) investment, except manufacturing.
Posted by Lillian Wong at 9:39 PM
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.
Posted by Lillian Wong at 11:17 AM
Reuters: Financial Services and Real Estate
Voice of Housing
NuWire Investor: RealEstateInvestment
REC News Center
- BofA opens debate on lowering mortgage down paymen...
- Luxury homebuyers can get more home for the money ...
- Can Zillow 'Uber-ize' the hundred-billion-dollar r...
- 31-story, $100M apartment tower planned for downto...
- How a slab of Chandler asphalt ended up owing $90K...
- Developer buys Mesa's Fiesta Mall, plans makeover ...
- VA loans up 100 percent in Phoenix area as veteran...
- Tesla’s Solar Roof Pricing Is Cheap Enough to Catc...
- Leading Index for Commercial Real Estate Decreases...
- Million-dollar home sales climb in metro Phoenix
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