Arizona Real Estate Informer

Luxury still hot in Scottsdale

SCOTTSDALE - The city's luxury real estate market continued its hot streak in the first quarter of 2006, but home prices in south Scottsdale took a noticeable dip between the end of December and the end of March.  More...

Condo Converter Grabs 320 Units for $25M

PHOENIX-After investing one year into the play, a joint venture has accepted an off-market offer for the 320-unit North Park Village. Orion-Northpark Village Associates LLC picked up $25 million, triggering a $6.7-million gain for the seller and a condo conversion plan for the buyer.  More...

80,000 new residents fill West Valley cities

It's easy come, easy grow for the Southwest Valley.  New census figures report that nearly 80,000 people have moved to the region in the past five years. That's enough people to fill Sun Devil Stadium to capacity, plus 7,000 more.  More...

Phoenix is finally at No. 5

Phoenix is now officially the fifth-largest city in the country. City officials have been staking claim to that title for at least the past year, but according to U.S. census estimates released earlier this week, Phoenix finally has passed Philadelphia.  More...

Developer buys 2,200 acres for high-end homes near Fountain Hills

A company run by former Phoenix Coyotes owner Steve Ellman said Thursday it has purchased 2,200 acres of land east of Fountain Hills to build a high-end residential community.  More...

2 out of 3 ain't bad: There are ways to make home purchase possible

Good income, good credit and a sizable down payment. That's what it takes to buy a house. Everyone knows that.  But here's some good news: Two out of three ain't bad.  If you have the income and the credit, you can qualify for a home loan with no down payment. More...

Marley Park getting attached to living

By year's end, prospective residents at Surprise's Marley Park will be able to choose from a variety of attached living options through the community's newest builder.  The new 157-unit neighborhood, built by Frank Residential, will feature lofts, carriage houses, villas and townhomes in the Spanish and Monterey styles.  More...

South Tempe up; others mixed

Housing prices may be sliding in one area in Ahwatukee Foothills but they are rising rapidly in one in Mesa. And areas of Chandler are hot.  More...

Fed hikes rates for 17th consecutive time

WASHINGTON - The Federal Reserve on Thursday raised a key interest rate for the 17th consecutive time and signaled that further rate hikes may still be needed to fight inflation.  The central bank boosted the federal funds rate, the interest that banks charge each other, by a quarter-point to 5.25 percent, the highest level in more than five years. When the Fed started its credit tightening campaign two years ago, the funds rate stood at a 46-year low of 1 percent.  More...

W. Valley resale homes lingering on market longer

West Valley home prices have held relatively steady since the end of 2005, but resale homes are lingering on the market longer as developers try to unload their inventory of new homes using deep discounts and other incentives.  More...