Phoenix AZ Real Estate News
Phoenix new home sales up 26 percent in August – New-home sales improved in August, according to the Phoenix Housing Market Letter produced by RL Brown Reports. There were 632 new closings in August, compared with 500 in August 2010. Building permits were up from 504 in August 2010 to 692 in August 2011. RL Brown also tracks resales, including homes not listed on the MLS. Resales were up for both the month and the year to date. There were 8,605 resales in August and 67,804 for the year to date, compared with 6,623 last August and 61,730 for the first eight months of 2010. Read article:
Top 5 States Where Home Prices Will Rise in the Next 6 Months – Real estate professionals in Arizona are the most optimistic about home values rising in their market in the next six months. Read article:
Don’t Misjudge a Property by Its Street Face – For real estate buyers, the process of purchasing a home can be overwhelming. Many purchasers, particularly first-time or first-time-in-a-long-time buyers, are relieved that at least part of the process is easy—viewing properties. That’s where they make a big mistake. It seems easy:
• Look at a house from the street, and you either like it or you don’t.
• Walk through a house or condominium in 30 minutes or less, and you either love it or hate it.
Without specific construction knowledge and an eye for interior design—and in less time than typically spent picking out new clothes—buyers decide whether or not to buy. Read article:
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Mary Maxie, Associate Broker, Desert Dwellers Realty
Frequent updates at my blog www.marymaxie.com