3.8% Tax: What's True, What's Not

Rumors about the 3.8% Medicare tax continue to circulate. Here's the definitive word on what's true and what's not on how the tax impacts real estate.  Read article

Experts see metro Phoenix home prices increasing

Metro Phoenix home prices are expected to continue climbing during the next few years.
Housing analysts agree that demand for homes in the region is strong, and many don’t appear to be concerned about prices rising too fast and shutting the door on regular homebuyers or investors.
Several experts are looking for metro Phoenix home prices to climb more than 10 percent annually during the next three years.
“We think Phoenix home prices will appreciate 12 percent in 2013, 12 percent in 2014 and 10 percent in 2015,” said national housing analyst John Burns of Los Angeles.  Read article

The Top 10 markets for Gen Y jobs; Phoenix 19th

Phoenix is No. 19 on the list of the 20 best cities in the U.S. for Gen Y workers to find job opportunities, according to new research from PayScale.com.  Read article

Article Comments (6) Business » Realestate » Article Phoenix-area homeowners see market on the rebound

By Catherine Reagor The Republic | azcentral.com Sat Oct 27, 2012 11:33 PM

 

For the past five years, tens of thousands of homeowners have been frozen in place, unable to sell their homes for a profit.
Now, there are signs a thaw is under way.   Read article

12 Favorite Places to Eat Outdoors in Greater Phoenix

 At last! Blissfully cool mornings, evenings with a hint of chill and daytime temps that mean we can lunch on a shaded patio without swimming in sweat. This right here, this seasonal slice of heaven is why we endure traffic, tourists and summer  Read article

Home Prices Up 11 Percent

Home Prices Up 11 Percent
 

Bank of America hit with $1B mortgage fraud lawsuit

The federal government filed a civil mortgage fraud lawsuit against Bank of America Corp., accusing it of deliberately generating and selling thousands of toxic home loans that later defaulted to Fannie Mae and Freddie Mac.  Read more

Phoenix home price gains lead nation

Phoenix-area home values have been climbing at the fastest rate of any major metropolitan area this year and the dramatic surge may continue to outpace the rest of the nation through the next year, according to the latest report released Tuesday by Zillow Inc..  Read article

http://www.ecollegetimes.com/calendar/scottsdale-aims-to-host-rose-bowl-of-polo-1.2781324#.UIHiD5Kfy9V

Polo isn’t a sport for only the British to enjoy; now Americans can enjoy it here in Arizona. The second annual Scottsdale Polo Championships will have more than just polo, and includes exotic cars, Arabian horses, cigars, cocktails and DJs.  Read more.

A Motivated Seller by Any Other Name... - WSJ.com

 Houses that real-estate agents describe as "move-in condition" sell 12% faster than homes listed without those words. "Starter homes" sell 9% faster. But be careful: A house called a "handyman special" sells about 50% faster, but the final price is 30% lower than listings that lack those words.

A Motivated Seller by Any Other Name... - WSJ.com

 

Vovomeena: A Rose Between Two Fry Baskets at Seventh Avenue and McDowell

Although Vovomeena's locally crafted coffee and fresh-made breakfast and brunch items might seem out of place in an area where sushi rolls made Subway-style and fast-food burger joints placed directly across the street from each other pass for progress, it's a dining option that's desperately needed at the chain-infested, historic district corner of Seventh Avenue and McDowell in Phoenix.
And thanks to DJ Fernandes, owner of the Tuck Shop and its next-door little sister Astor House, Vovomeena (named after his grandmother) isn't just a comfortable spot to vote local, several dishes make it one worth stuffing the ballet box for.  Read more

Phoenix-area home prices surge 22 percent in past year

 Even during what is usually a summer slowdown, the lively rally of Arizona’s housing market continues as the state ranked No. 1 in the nation for gains in home prices, according to the latest data released Tuesday by CoreLogic.  Read article.

Bank of America to extinguish up to 150,000 second liens

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