Adam Tarr - Phoenix, Scottsdale, Arizona Real Estate Blog

Vacancy rates declining

June 15th, 2006

Hi, We have mentioned before in this blog that rental rates are increasing and vacancy rates continue to decline in the Phoenix area due to many factors. The top factors include the rising cost of new homes squeezing some potential buyers out of the market, and condo conversions reducing the number of available units for rent. To back this up, there was an article on AZ Central today from ...

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Mortgage Rates

June 14th, 2006

Hi and welcome to Wednesday. Over the hump and on to the weekend! Mortgage rates tend to be one of the key factors in sales rates. Rates remain low, and should help the market out of the doldrums as investors start to clear out. Here is a snippet from Inman News on rates. Overnight real estate rates barely budge 30-year fixed rate at 6.17%; 10-year Treasury yield at 4.97% Wednesday ...

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San Tan Freeway (202) Opens in Gilbert!

June 11th, 2006

Hello - we hope you are having a great weekend! Good news for the SE Valley - tomorrow, the San Tan Freeway will open 12 more miles of road! We are very excited, as we do quite a bit of business out in Queen Creek - this alleviates some of the congestion we sometimes hit on the I-60. Here is the article from www.azcentral.com: Freeway segment a relief to GilberMike Walbert The Arizon ...

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Toll Bros. paints a rosy picture

June 9th, 2006

Hi, There was an article in the AZ Republic today quoting statements coming from Toll Brothers, one of the nations top luxury builders. Their expectation is to see home sales grow again after the excess investor inventory is absorbed in the general market. This is something we have heard before, and agree with. Much of what grew this market over the last couple of years, is what is cau ...

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Scottsdale Condo Conversion - great prices on homes ready soon!

June 7th, 2006

Hello! We thought we would update you on a condo conversion project in Scottsdale, just north of Old Town - Bella Vita. They have a select number of homes ready now/soon, with great prices and incentives on them - starting from the $130s! If you are interested in this - or any other - condo conversion in Scottsdale, or anywhere in the Phoenix metro area, please contact us at info@weareaz ...

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Open Escrow - a great way to save money if you plan on selling soon!

June 4th, 2006

Hello! As promised, we are going to cover the advantages of an "Open Escrow" - essentially, keeping the file open at the title company, for up to 2 years. Why would you want to do this? Well, if you know for certain you will be selling the property soon, this can greatly reduce the amount for your title work! It costs more on the front end, but saves you money in the end. How does it ...

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Greenspan Speaks

June 2nd, 2006

Hi, Alan Greenspan, former Fed Chairman, spoke a couple of weeks ago at the Bond Market Association 30th Anniversary Dinner. His remarks included his take on the housing market. Here is a blurb from the LA Times regarding that speech. May 20, 2006 Former Federal Reserve Chairman Alan Greenspan said Thursday that Americans’ consumption could taper off somewhat now that the U.S. housing m ...

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Rents Rising

June 1st, 2006

Hello! There was a great article in the AZ Republic on Tuesday – it reiterated the fact that rents are rising in Phoenix. Here it is, in its entirety: Apartment rents expected to rise 5 percent Noelle Knox USA Today May. 30, 2006 07:58 AM If you're a renter trying to save for a down payment, or you're just trying to move out of your parents' home, it'll likely get harder this year ...

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SkySong - ASU plans for Scottsdale + McDowell Rds site - meeting this Wednesday

May 30th, 2006

Hello! We hope you had a nice, relaxing Memorial Day weekend, and took some time to thank those that have sacrificed for our great country...... In Real Estate news, you can get a sneak-peek of the SkySong/ASU plans for the corner of Scottsdale and McDowell Roads. The developers of the ASU Scottsdale Innovation Center will present their plan at 6 p.m. Wednesday, the 28th, at the Community ...

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Luxury Condos

May 29th, 2006

Well, the luxury condo market keeps soldiering on. Not only has construction started on a couple long-awaited Downtown Phoenix condo developments including 44 Monroe, but one of the owners of the Diamondbacks is floating plans for a multi-million dollar entertainment district downtown. Phoenix may be behind the curve compared to other major cities when it comes to downtown activity, but we' ...

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Vacancy rates declining

Mortgage Rates

San Tan Freeway (202) Opens in Gilbert!

Toll Bros. paints a rosy picture

Scottsdale Condo Conversion - great prices on homes ready soon!

Open Escrow - a great way to save money if you plan on selling soon!

Greenspan Speaks

Rents Rising

SkySong - ASU plans for Scottsdale + McDowell Rds site - meeting this Wednesday

Luxury Condos

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