Yearly Archives: 2007

Fallout from the implosion of the residential-housing market will dampen what has been a white-hot commercial real-estate market, Valley economist Elliott Pollack told a group of commercial brokers and developers Thursday.

SCOTTSDALE , Ariz., Oct. 8 /PRNewswire/ -- MoneyNowUSA.com, a Scottsdale , AZ-based online loan service, has just added sub-prime personal loans enabling borrowers to get caught up on mortgage payments. This new sub-prime loan product will allow borrowers to take out an unsecured loan for up to $15,000 . Flexible underwriting allows consumers with bad credit to get cash even if they are currently behind on their housing payments. Homeowners can take out a loan even with a credit score as low as 530 (pre-qualifying over 91% of homeowners)

Fallout from the implosion of the residential-housing market will dampen what has been a white-hot commercial real-estate market, Valley economist Elliott Pollack told a group of commercial brokers and developers Thursday.

SCOTTSDALE, Ariz., Sept. 25 /PRNewswire/ -- Nouveau Riche University (NRU), the only tuition-based real estate investment education company in the country, recently purchased 23.6 acres at the junction of I-17 and the Loop 101 in order to build its first "brick and mortar" campus. Plans are underway to build a 140,000 square-foot campus complete with administrative buildings, cafeteria and dormitories, to become the permanent home of this one-of-a-kind university.

If you're having trouble selling your home in the current housing slump, it might make more sense to lease it instead. Doing so could turn your property into a rent machine and open up extra tax breaks. Plus, it would buy time until market conditions improve.

PHOENIX – Arizona Department of Environmental Quality (ADEQ) Director Steve Owens announced today that ADEQ has launched an innovative initiative to help schools across Arizona clean up contamination from leaking underground storage tanks (USTs) on school property and prevent future leaks from USTs.

PHOENIX , Aug. 29 /PRNewswire/ -- Cole Companies and Niche Residential, both based in Phoenix , announced today a joint venture under the entity name VSH Cave Creek, LLC to acquire The Village at Surrey Hills, a 45-unit luxury hillside townhome community currently being developed in Cave Creek, Arizona.

Much of Tucson's residential real estate market might be in the doldrums — but the view from the top looks just fine, according to local industry observers. While overall home sales are down from 2006, luxury homes priced at $1 million or more are selling well this year, says a monthly report by housing market consultant John Strobeck.

There's a concerted effort under way to brew up another property tax revolt in Arizona. The state felt the aftershocks of California's Proposition 13 in 1978. A similar cap on property values and taxation began to circulate in Arizona.

Termites, proximity to landfills, criminal activity and even the possibility of ghosts can spell doom for a real-estate sale. Those problems present their share of hazards for real-estate agents as well, said Craig Runyon, an instructor at the Brodsky School of Real Estate.

The city of Safford could see the beginning construction of one of the largest commerce parks ever built in the Gila Valley during the second quarter of 2008. Situated on 28 acres that is now in escrow, the park will include two, two-story institutional buildings with underground parking, five office complexes, a restaurant, daycare facility and a bank.

Property owners would see tax breaks while Arizona cities, school districts and other taxing entities would face limits on the amount of money they raised if a ballot measure filed Tuesday won voter approval next year.

Oh, what a difference a few years can make. Four years ago you could sell your house before you hung the for sale sign. Today, you better pack a lunch.

Zillow.com, the popular real estate Web site, is in the clear for offering its home-value estimates in Arizona. Earlier this week, Gov. Janet Napolitano signed into law Senate Bill 1291, with an amendment that allows Zillow to operate in the state.

A growing number of homeowners behind on their mortgage and facing foreclosure are finding a way to sell despite the glut of Valley homes for sale.

How much are you worth? As it turns out, global economic growth and stock-market rallies have been good for many Valley residents: A new report...

Sonora has become the first state in Mexico to enact a licensing requirement for real estate agents, which may include criminal-background checks in select...