Real Estate News and Auction

"It’s a supply shortage, especially near high-wage jobs and high-amenity locations," says housing policy analyst Alex Armlovich.

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The metro Phoenix homes in Blossom Rock, south of the Superstition mountains and freeway, will likely sell for $500,000 and higher.

The first of 5,000 new homes in Blossom Rock at Superstition Vistas will start selling next year on a swath of a 275-square-mile site expected to transform the southeast Valley. 

Brookfield Residential, which bought 1,400 acres of the vast Arizona State Land parcel called Superstition Vistas, has lined up four other homebuilders for the start of its development. 

The metro Phoenix homes, south of the Superstition mountains and freeway, will likely sell for $500,000 and higher. Exact prices are not expected to be set until next year. 

Blossom Rock is going up next to Radiance at Superstition Vistas, which is being developed by homebuilder D.R. Horton on another 1,400 acres and will also have 5,000 new homes. The two builders partnered to buy 2,800 acres of state land for $245.5 million in 2020.

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Wells Fargo's Homebuyer Access grant program is available to those who have a combined 120% or less of the area median income (AMI). It's available in eight metros across the country.

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Thousands of Realtors and homebuyers have been shut out of the local housing market after a cyberattack on the data service provider for the Multiple Listing Services of Greater Cincinnati.

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Luminar Neo can improve even the most lackluster property images. This software will transform your real estate marketing forever!

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Federal Reserve policymakers are unlikely to raise interest rates again in 2023 and will probably start cutting them early next year, traders bet on Thursday, after a U.S. government report showed consumer prices rose only moderately last month.

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California exodus persists: Redfin study shows residents searching online for affordable havens like Las Vegas, Phoenix, Tampa and Orlando.

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Large 3bd Townhouse in recently updated gated community. Cozy patio with covered carport and roomy storage space. Great potential for a first time home buyer. Bring your paintbrush and imagination and save. Tenant occupied for the past 10 years. Priced to sell AS IS

There’s more than one way to invest in real estate.

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More homebuyers are leaving Los Angeles and San Francisco more than any other metro in the U.S.

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Economic data was bullish for the housing sector and this stock that's been struggling with difficult conditions.

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The monthly mortgage payment for a typical US home was $2,605 during the month of July, Redfin data shows.

Asked whether communities should be able to outlaw vacation rentals entirely, Gov. Katie Hobbs responded: "I don't have an answer for that."

Judge Patti Saris, of the U.S. District Court in Massachusetts, said she "loved" the commission rule changes the deal includes, but didn't think the litigation fund was fair for plaintiffs.

U.S. mortgage delinquency rates fell to a record low in the second quarter due to a strong job market and low interest rates prevailing on most home loans despite the big jump in mortgage rates over the last two years, a report on Thursday said.

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"The Fed doesn't want to tighten rates, but if inflation is falling, they have to cut rates otherwise it's actually restricting the economy more," Fundstrat's Tom Lee said.

Regulators in the United States are set to propose a new rule targeting anonymous purchases of luxury real estate. The rule, expected to be proposed by

“Inflation is slowing, and doing so across a broader range of goods and services," said Julia Pollak, ZipRecruiter’s chief economist.

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Seller Financing Available: Terms: 5% Down 7.5% Interest, 10% Down 6.5 % Interest, 15% Down 5.5% Interest, 25yr Amortization & Loan.Best floor plan in Sun Lakes! Spacious open layout with tall vaulted ceilings, huge bedrooms and a wet bar. Fresh paint inside, new AC, new flat roof coating, new flooring, new kitchen appliances, cabinets and countertops. Extended 2 car garage with built in storage, workshop area and220v hookups. Multiple private outdoor areas to enjoy and relax, from the rear covered patio with ceiling fans, to the large rear/side yards or the front gated patio . Fruit trees and low maintenance desert landscape on automatic irrigation with exterior storage shed in rear. Very conveniently located in Sun Lakes with easy ingress/egress and very walkable to the community

Today I want to talk to you about the biggest mistakes I made on my first rental property. Being a first time landlord is no easy task, like I thought it was going to be. You see, back in 2005 I thought after I bought the house, I'd hire a property manager and let the money start rolling in on auto pilot. That wasn't the case. I lost 3 houses to foreclosure because I didn't know what I was doing. I could go on for hours about all the mistakes I made but I decided to narrow it down to the ones that will have the most impact on your real estate rental business. 

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Where are shoppers looking for homes? We found the top out-of-state destinations—and they have this one big thing in common.

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The Moehrl MLSs

According to the T360 Real Estate Almanac, the MLSs involved, in order of size, are:

• #2 Bright MLS – 103,224 members
• #3 Stellar MLS (formerly MyFloridaRegional) – 76,822 members
• #6 NTREIS (Dallas) – 50,309 members
• #7 Miami Association of REALTORS – 49,636 members
• #11 HAR (Houston) – 45,057 members
• #12 ARMLS (Phoenix) – 41,474 members
• #13 BeachesMLS (Fort Myers) – 41,390 members
• #16 REcolorado (Denver) – 27,264 members
• #18 Northstar MLS (Minneapolis) – 21,852 members
• #19 Canopy MLS (Charlotte) – 21,132 members
• #21 ACTRIS (Austin) – 19,139 members
• #22 UtahRealEstate.com (Salt Lake City) – 18,825 members
• #24 RealComp II Ltd. (Detroit) – 17,880 members
• #25 Greater Las Vegas MLS – 17,123 members
• #28 Triangle MLS (Raleigh) – 16,146 members
• #30 SABOR (San Antonio) – 15,613 members
• #33 MLS Now (Cleveland) – 14,254 members
• #43 Columbus and Central Ohio Regional MLS – 10,110 members
• #45 Metro MLS (Milwaukee) – 9,743 members
• #80 Pike’s Peak MLS (Colorado Springs) – 4,604 members

A Valley real estate agent says rising mortgage interest rates have put some house hunting on hold, but rising rent is a driving factor for first-time homebuyers.