What’s Restricting Home Affordability?

Home prices increased 2.9 percent in February 2018 according to the latest data from First American's Real Home Price Index (RHPI) that was released on Monday. The data revealed that homes became 5.1 percent more expensive compared to the same period last year, even as consumer house-buying power, how much one can buy based on changes in income and interest rates, declined 2.6 percent in February.

Read more... http://themreport.com/daily-dose/04-23-2018/whats-restricting-home-affordability

Zillow to start buying and selling metro Phoenix homes

Valley homeowners know Zillow for its online valuations. People either love or hate Zestimates, depending on what it says about their own house. 

Read more... https://www.azcentral.com/story/money/real-estate/catherine-reagor/2018/04/21/zillow-start-buying-and-selling-metro-phoenix-homes/526146002/

Where Did Home Prices Rise the Most?

The one thing steady about the U.S. housing market post-Q1 is that it continues to be defined by a dynamic that almost sounds like it's stuck on repeat: historically low inventory is driving fewer sales and rising prices in most markets.

Read more... http://themreport.com/daily-dose/04-17-2018/where-did-home-prices-rise-the-most

How Blockchain is Bringing Technology Conversations Back in Lending

James Vinci joined Equator in 2010 and is the VP and Chief Technology Officer of the Equator business unit for Altisource. Vinci is also responsible for ensuring the successful performance of the company's business mission through development and advance preparation of the company's products and services. Vinci's role also includes foreseeing, company's service offerings as a web-based business, execution of the latest web-based technologies, and advance planning for future risks and growth. Prior to working at Equator, Vinci was President and Enterprise Architect at RedWire IT, SVP of Professional Services at Lydian Technology Group, and SVP of Professional Services at WellFound Decade Corp. He is a graduate of Columbia University.

Read more... http://themreport.com/daily-dose/04-17-2018/how-blockchains-bringing-technology-conversations-back-in-lending

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