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Phoenix Market

October 29th, 2005
Hi, Some numbers for new home sales in the Phoenix area were released and show that for the 3rd straight month housing permits were down.  Despite this, permits are still 5.6 percent above last years record pace.  The slow down is attributed to many factors including summer rains, and material and labor shortages which caused builders to ration lots.  This is all actually considered a good t ...

MESA info

October 28th, 2005
Hello.... The October issue of America West Airline's in-flight magazine featured the city of Mesa.  It was a terrific review of the 40th largest city in the nation (and to think, we Phoenicians consider just a SUBURB of Phoenix!), mentioning the new Arts Center, upcoming shopping centers, and top employers (Boeing, GM, TRW, Banner Health System....).  It touches on the fantastic golf course ...

Wilma

October 26th, 2005
Hello all, With all the media coverage on the Katrina disaster, it is easy to think that the damage caused by Wilma in Florida wasn't that bad.  No, an entire city was not under water to it's roof tops, but there was mass destruction in Wilma's path.  So, please don't forget that there are still many people that suffered in this latest catastrophe.  Keep your hearts open for all who are suff ...

TEMPE INVESTOR CONDOS!

October 22nd, 2005
Hi to all.... We came across a condo conversion project recently that IS ALLOWING INVESTORS TO PURCHASE!  As you may know, with the stellar market in the Phoenix area, nearly all new-builds and condo conversion projects restrict sales to owner-occupants or MAYBE second home owners.  This particular project is in Tempe, close to ASU, the 101, 202 and I-60 freeways - you really can't beat th ...

Tax Loopholes

October 19th, 2005
Hello again... We were referred to a great website recently - www.taxloopholes.com - by Diane Kennedy.  There is phenominal information regarding tax loopholes available to homeowners, as well as business owners.  While we always advise to seek personal tax counsel, this site can give you ideas on topics to discuss with your tax professional.  Check it out when you get a chance! Sharon Kotu ...

Vlly #1 for new business

October 15th, 2005
Hi, Welcome to the weekend.  One of the leading indicators of continued strong growth for any area is job growth.  With all the talk of rising interest rates, and how it will affect the market, it is good to continue to see all the positive indicators for the Phoenix market.  Not only is Google looking to open a regional office, as mentioned yesterday, but Metro Phoenix wa just named the #1 l ...

Google to Phoenix!

October 14th, 2005
Great news for the city of Phoenix - Internet giant Google is coming to town! 4 Valley cities are currently the frontrunners to land a 100,000 to 200,000 sq ft facility, bringing in roughly 600 high-tech jobs to the chosen city!  The most-likely candidates are Phoenix, Scottsdale, Tempe and Chandler.  Phoenix metro was chosen based on the area's labor pool, educational institutions and qua ...

CONGRATS!

October 13th, 2005
Good Wednesday to all.... We would like to send out "CONGRATS" to the Ruiz family!  Their gorgeous home in Vineyard Estates (Queen Creek) is now UNDER CONTRACT!  We will be adding new features to the website in the coming week, including a "Condo Conversions" page, and a page designed for current Elite Communities homeowners. Please check back frequently to view the progress, as a lot of h ...

New E Valley Mall!

October 12th, 2005
There was great news announced in the Arizona Republic today for E Valley Residents - a new mall is slated for E Mesa in 2007!  Read the details here:  http://www.azcentral.com/business/articles/1011mesamall11.html There has been such incredible growth in areas like Queen Creek, Gold Canyon, and Apache Junction - as well as east Mesa - and all of these areas will greatly benefit from the sho ...

What Bubble?

October 10th, 2005
Well, once again there are continuing signs that we do not have a housing "bubble" in the Phoenix market.  The Pivotal Group has announced the purchase and plans to develop over 3200 acres just west of Coolidge.  The land is currently farmland, and will eventually hold up to 10,000 homes including an active adult community, schools, and large parks.  This is just one more sign that this marke ...

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