Freddie Mac’s HomeSteps unit is offering cash to buyers willing to purchase one of its foreclosed Scottsdale condos that have been lingering on the market. HomeSteps is hoping to unload some of its high inventory of foreclosed Scottsdale condos through the incentive program, known as HomeSteps Condo Cash. Through the “Condo Cash” program, condo buyers […]
Scottsdale Named One of Best Cities in America
CNN/Money magazine recently ranked the city of Scottsdale in its “Best Places to Live” list. The magazine publishes an annual ranking of “America’s best small cities.” Scottsdale regularly receives similar accolades. Quite simply, the word is out. Scottsdale offers an unparalleled lifestyle of luxury homes in a resort atmosphere. The recent crash of the Scottsdale […]
Scottsdale Real Estate Market Update – July 2011
Scottsdale Real Estate Market Summary for July 2011 Although we didn’t see the record-breaking sales numbers of June, July had plenty of positive news for market watchers. However, just as we discussed last month, pricing is one important exception to July’s positive results. No doubt much will be made of that by the housing doom […]
Old West Theme Park Proposed for North Scottsdale
Scottsdale homeowners and residents can possibly look forward to an old West theme park in at 94th Street and Bell Road in North Scottsdale. The park will be a $48 million project and will resemble a 1880s town. Similar in some ways to the previous Rawhide western town which was in Scottsdale for many years. […]
Phoenix and Scottsdale Housing Market
The following information is from The Partridge Partners Newsletter. It is a rather pessimistic view of what is happening in the Phoenix and Scottsdale real estate markets. However, I am always open to hearing both sides of every story, so I am presenting it in its unedited form. In metropolitan Phoenix, two-thirds of all […]
Tips for Buying a Scottsdale Foreclosure
Fannie Mae has published some tips for buyers considering purchasing a HomePath foreclosure. HomePath foreclosures are certain foreclosures owned by Fannie Mae which are specifically targeted as owner occupied residences. The rules surrounding bids for HomePath foreclosures are designed to give American owner occupied homeowners an advantage over foreigners and investors. 1. Get pre-approved by […]
Many Scottsdale Sellers Overpricing Their Homes
It is common in Scottsdale AZ and elsewhere in the country for home owners who bought their homes in 2007 or later to over price their homes when trying to sell it. Those sellers often think they missed the worst of the Scottsdale real estate crash. They often think they can sell for an amount […]
Industry Experts Predict Rebound for Scottsdale Real Estate Market
The Arizona Regional Multiple Listing Service hosted an event recently with several residential and commercial Phoenix real estate experts. Over 170 people attended the event at the Camelback Inn. The consensus of the experts was that the Phoenix and Scottsdale real estate markets will rebound by 2013 or 2014. Experts included ARMLS CEO Bemis and […]
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