Monthly Archives: February 2013

Zillow announces underwater mortgage stats for Arizona, noting that 135,000 homeowners have gotten ride-side-up in their mortgage over the past year. ¬†This article also mentions that Metro Phoenix still has the 8th highest rate of underwater mortgages, still in the 40% range. Although this is great news for homeowners, we probably won’t see the 20%+ […]

This week it was announced that the last remaining piece of vacant land in McCormick Ranch was sold. The 6.5 acre piece, located adjacent to Ajo Al’s and Sentry Insurance at San Victor and 91st St, is slated for apartments to be built by Standard Pacific Homes. The irony here is that Mark Taylor Residential, […]