Mortgage And Real Estate News

Sunday, April 8, 2018

Where are the most expensive apartment communities in the Phoenix area?

High-income renters looking for prestigious places to stay will find their best opportunities in Scottsdale and Tempe, according to the 2018 edition of the Phoenix Business Journal's Exclusive Apartments list, which was published today.

Read more... https://www.bizjournals.com/phoenix/news/2018/04/06/these-are-the-most-exclusive-apartments-in-the.html

Glendale's Westgate Entertainment District up for sale

Glendale's Westgate Entertainment District is up for sale with an asking price of $142 million.

Read more... https://www.bizjournals.com/phoenix/news/2018/04/06/westgate-entertainment-district-up-for-sale.html

Cerberus Sfr Holdings is buying up hundreds of Phoenix-area homes

A single, well-financed buyer has purchased hundreds of lower-end Valley homes in recent months, buying up properties in one of the price ranges with the lowest stock.

Read more... https://www.bizjournals.com/phoenix/news/2018/04/07/single-investor-buying-up-affordable-homes-in.html

Sunday, March 11, 2018

Here's what faster inflation and rising mortgage rates mean for housing

As the March Federal Reserve (Fed) meeting approaches, overall positive economic conditions are troubling those who follow the Fed closely. Many might pose the question, why would positive economic conditions be troubling?

Read more... http://www.businessinsider.com/what-do-faster-inflation-and-rising-mortgage-rates-mean-for-housing-2018-3

Thursday, March 8, 2018

Saturday, March 3, 2018

Paradise Valley mansion for sale used as set for porn website

Linda Fein was in the process of negotiating a deal on a gorgeous contemporary-style home in Paradise Valley when she and her husband made a startling discovery. 

Read more... https://www.azcentral.com/story/money/real-estate/2018/02/27/porn-industry-couple-kevin-sandra-otterson-wifey-world-hubby-lists-paradise-valley-mansion-sale/373799002/

This simple Sunnyvale home sold for $2 million in only two days

The two-bed, one-bath, 848-square-foot house at 1062 Plymouth Streetin Sunnyvale wasn't even on the market for the length of a long weekend before a buyer dropped $2 million in cash for it—possibly breaking a Sunnyvale record in the process.

Read more... https://sf.curbed.com/2018/3/2/17073100/silicon-valley-house-home-sunnyvale-record-price-crisis

Tuesday, February 20, 2018

Venture REI's new platform allows buying, selling real estate online

Following the well-traveled real estate path was never part of Dan Noma Jr.'s business strategy.

Read more... https://www.azcentral.com/story/news/local/phoenix/2018/01/20/venture-reis-new-platform-allows-buying-selling-real-estate-online/929019001/

Posh Scottsdale apartment complex where rents reach $4,000 sells for record $210M

Will more Millennials start to buy Phoenix-area homes?

Study: Metro Phoenix ranks 9th nationally in unaffordable rentals

Higher rents recently landed the Valley on a top 10 list of U.S. cities where renters have the toughest time stretching their wages to pay rent.

Read more... https://www.azcentral.com/story/money/real-estate/catherine-reagor/2018/02/18/phoenix-ranks-9th-most-unaffordable-city-renters-according-study/338127002/

Supreme Court Rejects Hedge Funds on Fannie, Freddie Suits

The U.S. Supreme Court dealt hedge funds and other big investors a blow Tuesday by refusing to revive core parts of lawsuits that challenged the federal government's capture of billions of dollars in profits generated by Fannie Mae and Freddie Mac.

Read more... https://www.bloomberg.com/news/articles/2018-02-20/hedge-funds-rejected-by-top-u-s-court-on-fannie-freddie-suits

Sunday, January 14, 2018

As credit card debt hits record high, a trick can save you thousands

The Federal Reserve announced on Monday that outstanding credit card debt hit a new high in November, increasing by $11.2 billion to $1.023 trillion. "This record should serve as a wake-up call to American consumers to make 2018 the year they get their credit card debt under control," says Matt Schulz, the senior industry analyst at CreditCards.com.

Read more... https://www.cnbc.com/2018/01/09/as-credit-card-debt-hits-record-high-a-trick-can-save-you-thousands.html

Reuters: Business News

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