Generation X, people 35 to 49, got hit the hardest by the financial crisis and as a negative side effect are now prohibiting the rest of the market from making any progress.
Generation X homeowners are far more likely to be underwater on their mortgage than millennial and baby boomer homeowners, according to the second quarter Zillow Negative Equity Report.
Mesa residents hoping to see signs of life in the struggling Fiesta District could see sprouts of progress early next year.
Phoenix Rising Investments has acquired the Valley East Plaza Shopping Center. The long-vacant plaza at Southern Avenue and Longmore used to house the Bed Bath & Beyond, Petco and Circuit City stores.
Condominium development finally is coming to a property near Scottsdale Healthcare Osborn Medical Center after a previous project stalled for nearly a decade.
The L-shaped property, at 7300 E. Earll Drive, was rezoned for condominium development in 2005. The property is south of the medical center and Scottsdale Stadium.
The previous property owner, Elliott Glasser, requested the rezoning and planned to build a 99-unit condominium complex. The acreage now houses an older office and warehouse building.
New homes soon will go up on the former site of the Mountain Shadows resort in Paradise Valley.
Cullum Homes plans to build 40 multimillion-dollar houses on the eastern edge of the 68-acre site at 56th Street and Lincoln Drive. The $100 million development is called the Village at Mountain Shadows.
There is a lot of doom and gloom out there about Zillow's plans to buy Truila, and some anger, too. As a real estate agent, I find it perplexing that Zillow and Trulia's customers are real estate agents — not homebuyers or sellers.
Real homebuyers and sellers don't care about you or about your website. They just want to buy or sell a home.
London has been the most popular destination for Chinese real estate investors in the first half of 2014 with buyers looking for both residential and commercial properties, new research shows.
Efforts to market to Chinese investors is paying off and overall Chinese outbound investment was 17% higher in the six months of the year than over the same period of 2013 at US$5.4 billion.
All real estate is local, an industry maxim states, but a new real estate market trends report issued by the National Association of Realtors finds that "a significant share of home purchases are made by people whose primary residence is outside of the U.S."
For the period April 2013 through March 2014 total international sales have been estimated at $92.2 billion, an increase from $68.2 billion from the previous comparable period. In 2014, nearly 60 percent of reported international transactions were all cash, compared to only one-third of domestic purchases.
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