Phoenix Area Real Estate Update – October 15, 2007

Valleywide, all dwellings Actives: 57,531 Unsold: 54,152 Under Contract in the Last 30 Days: 3,379 (6% of actives) Valleywide, single family dwellings Actives: 47,570 Unsold: 44,759 Under Contract in the Last 30 Days: 2,811 (6% of actives) East Valley, all dwellings Actives: 19,772 Unsold: 18,426 Under Contract in the Last 30 Days: 1,346 (7% of… continue reading

Top 10 Reasons It’s a Great Time to Buy Real Estate Right Now!

Still haven’t decided whether you should buy right now?  Still think it’s a “bad” market?  Here are ten reasons, originally presented by Paul Pastore, why YOU, as a buyer, benefit from this market. 1. Selection, selection, selection.  With over 57,000 homes on the market in the greater Phoenix area right now, you have choices that buyers just… continue reading

Forbes Magazine Reports: Phoenix, AZ Among 10 Best Real Estate Markets in Which to Buy

There is a lot you can say about the Phoenix real estate market. Forbes magazine just added one more thing. Despite the softening that the national real estate market has experienced of late, Forbes magazine has recognized Phoenix as one of 10 cities across the nation where it makes sense to buy again. Forbes magazine, teamed… continue reading

Making Strides Against Breast Cancer Walk: November 17, 2007

Making Strides Against Breast Cancer is more than just the name of a walk, it describes the amazing progress we’re making in the fight against breast cancer, and it describes our commitment to defeat this disease together!  Nothing can describe the hope that is inspired by walking with those who share a passion for defeating… continue reading

Stax Burger Bistro: Burgers for the Connoisseur

Looking for a new spin on an old classic, the burger joint?  Stax Burger Bistro is one the latest restaurants to join the Old Town Scottsdale scene, to teach us that peach-mint-mango chutney, pesto, and pickled shallots are for hamburgers too! Pickled shallots and pesto are just the beginning though.  This eatery offers a nearly limitless number… continue reading

Percentage of Sold Single Family Homes in Phoenix Up from Last Week

In a time when residential real estate sales prices continue to decrease and residential real estate inventory continues to increase, is there any good news to report to our Phoenix home sellers?  We heard some.  The percentage of single family homes valleywide that have sold increased from 5% last week to 6% this week.  Hey, good news is good… continue reading

Upgrades Now Considered Standard

Kendra Marr recently wrote an article in The Washington Post entitled, “Tight Market Turns Upgrades into Standards,” in which she explained one of the latest ways the tightened new build market has begun to adapt and become more competitive.  What were once considered upgrades in most new construction homes just a few years ago, like granite and Corian countertops,… continue reading

Don’t Decide When to Apply for a Mortgage Based on the Federal Funds Rate

Don’t decide when to apply for a mortgage based on the federal funds rate.  Here’s why.  John Hunter wrote a candid article called, “Curious Cat Investment – 30 Year Fixed Mortgage Rates,” that explains and even illustrates that there has been no long-term correlation between moves in the federal funds rate and 30-year mortgage rates. … continue reading

Arizona Ranks As One of the Nation’s More Affordable Markets

If “location, location, location” is true, then in 2007, “location” must mean Arizona!  That’s right.  The annual Coldwell Banker® Home Price Comparison Index (HPCI) was recently released and found the Arizona real estate market to be more affordable than the average U.S. real estate market (including Puerto Rico).  By comparing similar 2,200 sq.ft., 4 bedroom, 2.5 bathroom, 2-car… continue reading

Welcome to The Hill Group’s Phoenix Real Estate Blog!

Welcome to The Hill Group’s Phoenix Real Estate Blog! Our blog will provide you with valuable information, tips, and general insight into the real estate market in the Greater Phoenix Marketplace, which includes Phoenix, Scottsdale, Chandler, Mesa, Gilbert, Paradise Valley, Queen Creek, Higley, Ahwatukee, Anthem, Cave Creek, and Carefree. In addition to just housing market… continue reading

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