Arizona Real Estate Informer

Downtown MLK units likely to get a new life

Slated for demolition only five months ago, the former Martin Luther King housing project now has a likely shot to be Rio Nuevo's first injection of urban housing and new commercial space in the city's Downtown core. More...

Tribe is updating land-use map to guide development projects

SALT RIVER COMMUNITY - The Salt River Pima-Maricopa Indian Community is updating a 12-year-old land-use map. The changes would eliminate much of the commercial plans along the community's northern border with Scottsdale. More...

Some Predict That the Worst Of Housing Slump Has Past

Just when the gloomier pundits were starting to enjoy the housing slump, optimists are piping up to declare it could be almost over. Former Federal Reserve Chairman Alan Greenspan, whose interest-rate cuts helped create what he once called "froth" in house prices, said in a speech last week that he detected "early signs of stabilization" in the housing market. Some Wall Street economists also are saying the worst may be behind us. More...

Luxury-home sales soar around Valley

Luxury homes, the elite properties spread across Paradise Valley, Scottsdale and certain pockets of the metropolitan area, are selling well and at higher prices. There's been a sharp spike in the number of million-dollar properties sold since 2000, but the bigger story is the increasing prevalence of deals for $3 million, $5 million and much higher, a clear sign that the Valley is moving into the big leagues of luxury homes. More...

Housing market could bottom out in six months, survey says

The housing market could bottom out during the next six months, according to Metrostudy's latest report on local real estate markets. More...

New-Home Sales up 5.3%

U.S. homebuilders slashed prices at the fastest pace in 36 years in September, boosting sales to the highest level in three months, the government said Thursday. The government reported that sales of new homes unexpectedly rose 5.3% in September to a seasonally adjusted annual rate of 1.075 million, the most in three months and well above the 1.05 million expected by economists surveyed by MarketWatch. More...

Should You Try to Sell Your Home

Question: We put our house on the market late in June. Since then, we have had lots of people come through but no bites. We have been told that our house will be a teardown and that it probably will be sold to a contractor or builder. Since we're coming to the holiday season and winter months, should we take it off the market for November through the end of January and get the kick of a new listing in February? More...

Luxury-home sales soar around Valley

Luxury homes, the elite properties spread across Paradise Valley, Scottsdale and certain pockets of the metropolitan area, are selling well and at higher prices. There's been a sharp spike in the number of million-dollar properties sold since 2000, but the bigger story is the increasing prevalence of deals for $3 million, $5 million and much higher, a clear sign that the Valley is moving into the big leagues of luxury homes. More...

Slowed housing market puts brakes on economy

Economic growth slowed to a snail's pace of 1.6 percent in the just-finished quarter — the most sluggish showing in more than three years. The main culprit behind the subpar performance: a housing market that has turned sour. Investment in home building was cut by the largest amount in 15 years. More...

Gilbert ranked safest city in state

A study released Monday named Gilbert one of the top 25 safest cities in America. Gilbert ranked No. 22 on the list of 371, making it the safest town or city in Arizona, according to the study published by Morgan Quitno Press. More...