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Mortgage rates go even lower

Posted by   /  April 8, 2016  /  Dealmaker, Real Estate  /  No Comments

Mortgage rates

By Deborah Kearns | NerdWallet Mortgage rates have hit a new 2016 low, which is making everyone wonder just how low they will go. Meanwhile, vacation home sales cooled considerably last year, and investors scooped up more properties in 2015 to capitalize on a booming rental market. Freddie Mac’s just-released weekly survey of lenders shows […]

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Living Art: 118-unit Infill Development to Open in Phoenix This Summer

Posted by   /  April 7, 2016  /  Real Estate News Briefs  /  No Comments

Proxy333

Downtown Phoenix lot given new, art-inspired purpose by Scottsdale developer (NEWS RELEASE) Downtown Phoenix will see another multifamily property rise from the ashes of a decades-old building this summer. Proxy333, located at 333 E. McKinley St., immediately west of the Biomed campus, is being co-developed by Scottsdale’s Tilton Development Company and Seattle-based Goodman Real Estate. […]

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Real estate in the West is on fire, spreading; Phoenix metro hot

Posted by   /  April 7, 2016  /  Dealmaker, Real Estate  /  No Comments

Real estate

What does $1.45 million get you in Nashville? Well, if you don’t mind buying a house from Kesha, this is what you’d have. The S&P/Case-Shiller 20-City composite index showed that home prices rose 5.7% in January in line with expectations. Zillow chief economist Svenja Gudell noted that lower-income buyers are having a harder time with […]

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Northern Arizona student housing community to open in 2017

Posted by   /  April 6, 2016  /  Dealmaker, Real Estate  /  No Comments

student housing

By Adelina Osan | MultiHousingNews American Campus Communities recently broke ground on its fourth student housing project with Northern Arizona University. The groundbreaking event was held at the International Pavilion on the NAU campus and was attended by representatives from both the University and ACC. The new 626-bed residential community called SkyView will open in […]

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Phoenix among most competitive apartment markets

Posted by   /  April 6, 2016  /  Dealmaker, Real Estate  /  No Comments

Phoenix

By Jordyn Lee | Zillow As fast as builders can put up new apartment buildings in Columbus, Ohio, renters are snapping them up. Zillow set out to find out which U.S. apartment markets are most competitive — where prices are rising and new units fly off the market. The Ohio state capital and college town […]

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Phoenix multifamily continues to rock and roll

Posted by   /  March 30, 2016  /  Dealmaker, Real Estate  /  No Comments

Phoenix multifamily

By Lisa Brown | GlobeSt. In case there was doubt that the multifamily market isn’t a hotbed of activity, a $15.046 million sale of a 90-unit condominium property is a clear sign that Phoenix multifamily assets are still in high demand. The property, Aderra Condominium Residences, is located near the intersection of Tatum Boulevard and […]

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Mortgage apps sideways as purchases offset refi drop

Posted by   /  March 30, 2016  /  Dealmaker, Real Estate  /  No Comments

Mortgage apps

By Jann Swanson | Mortgage News Daily Mortgage activity during the week ended March 25 more or less marked time. Rates were mixed and purchase loans, which increased slightly, offset refinance applications for a slight decrease in mortgage volume. The Mortgage Bankers Association’s (MBA’s) Market Composite Index, a measure of loan application volume dipped 1 […]

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Phoenix, L.A. millennials among least likely to buy homes

Posted by   /  March 29, 2016  /  Dealmaker, Real Estate  /  No Comments

millennials

  Mike Sunnucks | Phoenix Business Journal Millennials in Phoenix are among the least likely to buy homes in the U.S., according to a new report and analysis by LendingTree (Nasdaq: TREE). The online loan marketplace looked at the number of mortgage requests coming in from major U.S. markets from prospective borrowers 34-years-old and younger […]

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Banks ramp up push for home equity lines

Posted by   /  March 28, 2016  /  Dealmaker, Economy, Health Care  /  No Comments

home equity lines

By Annamaria Andriotis| The Wall Street Journal At hardware stores along the U.S. East Coast in recent weeks, TD Bank has been trying to persuade shoppers to think bigger than paint and plumbing supplies: The bank wants them to start taking cash out of their homes again. The TD Bank tour bus, equipped with a […]

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Fannie Mae and Freddie Mac: If you can’t kill them, merge them?

Posted by   /  March 26, 2016  /  Dealmaker, Government and Politics, Real Estate  /  No Comments

Fannie Mae and Freddie Mac

By Joe Light | The Wall Street Journal A group including some of the chief architects of the Obama administration’s housing policy released a paper Wednesday outlining a new proposal for how to deal with mortgage-finance giants Fannie Mae and Freddie Mac. The key takeaway: Instead of winding down Fannie and Freddie, the companies would […]

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