State Farm Insurance is entering the Metro Phoenix office market in massive fashion. After announcing they will be creating a regional headquarters at Tempe Town Lake, State Farm Tempe dropped the gaudy numbers on us: A $600,000,000 facility to be built out by Ryan Companies and Sunbelt Holdings, good for 2 million square feet. It […]
Everyone with an eye on real estate has been searching the last few months for a definitive trend in the housing market. Was good news during the past few months an anomaly or a true indicator of things finally heading in the right direction? Interesting news today came from the National Association of Realtors who […]
Social media is finally shrinking. Facebook allowed us to connect with people we grew up with, local friends, family who lives out of town, and “like” national and international brands to stay informed of their products and services. Twitter keeps us on top of international news, specific subjects, and people from all genres of interest. […]
Spring is in full swing in Scottsdale! Of course there is world-glass golf, the best resorts in the Southwestern US, and the see-and-be-seen scene that is normal to the area. There are plenty of Scottsdale Signature Events April 2013, including Arizona Bike Week, the Scottsdale Culinary Festival, ArtBites Artwalk, and the Region 7 Championship Horse […]
Many of our clients have jumped on to mortgage rate websites like bankrate.com, and consumer real estate sites like Realtor.com to use “rent vs buy” calculators. They are great for the short term outlook, or what costs are to rent vs buy for numbers on immediate, month-month expenses. Enter Smart Asset. This is not your […]
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, […]
With the weather peaking at perfection and the visitor season in high gear, Scottsdale’s events during the month of February are something for everyone. With the month starting with the final rounds of the Waste Management Open, Scottsdale also welcomes the Native Trails Celebration, the Celebration of Fine Art, the Spring Training Festival and start […]
Mortgage rates moved higher Wednesday up congressional leaders voted to avoid the “Fiscal Cliff”. Mortgage-backed securities (MBS) fell as investors bid up stock prices. Confidence among investors and consumers typically causes mortgage rates to rise. That’s what happened Wednesday. For Thursday and Friday, expect jobs data to dictate where Scottsdale mortgage rates are headed. The […]
It’s January 2 and our “Fiscal Cliff” crisis has been averted. I’m not going to pretend I know everything there is about the fiscal cliff (who names this stuff anyway?!), but I am going to highlight what it means to the world of Real Estate. (Disclaimer: We are not licensed CPA’s and are merely passing […]
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