David E. Smith's Blog

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Real Estate Agent - Russ Lyon | Sotheby's International Realty
RECENT BLOG POSTS
Whether it was the winter chill hitting Phoenix or the chilly reception many homeowners get from their banks when they ask to modify mortgage, there was limited turnout Thursday morning for two mortgage assistance events in downtown Phoenix. http://www.bizjournals.com/phoenix/news/2011/02/03/mort...
02/03/2011
62 major markets add jobs; Phoenix ranks 4th in U.S. Nearly two-thirds of the nation's major labor markets added private-sector jobs in 2010, and Phoenix was among the biggest gainers.Sixty-two of the top 100 markets posted higher private-sector employment figures at the end of last year than in ...
02/03/2011
02/03/2011
Metro Phoenix's median price for an existing home fell in December to $115,000 - comparable to the median home price in 1999. The dip is a new low for the region's housing market since the boom ended. The previous low was $119,900 in April 2009, according to real-estate analyst Information Market...
01/24/2011
Artis Real Estate Investment Trust has acquired three properties in the United States and one in Canada for more than $63 million. Winnipeg-based Artis said it paid an aggregate US$52.9 million for three newly constructed office buildings in Arizona, New York and Florida. Meanwhile, the company a...
01/24/2011
Since 2008, 11 percent of the single-family homes in Maricopa County, Arizona, have been through foreclosure -- 4 percent in the last year alone. And with moratoriums on foreclosures ending, the new year is expected to start with an uptick in the number of property owners losing their homes. Asso...
01/24/2011
The budget proposed by Gov. Jan Brewer includes a $25 million Arizona Competes Fund that the governor can use to craft incentive packages for businesses and investors looking to bring jobs to Arizona. The fund is part of the new Arizona Commerce Authority a public-private group that is replacing ...
01/24/2011
More than 11,000 Tucson-area property owners received notice that they'd fallen behind on loan payments last year, numbers from the Pima County Recorder's Office show. The bulk of those are residential delinquencies (see related story on Page D7), but the foreclosure wave has had a drastic impact...
01/24/2011
The number of homes for sale in metro Phoenix is declining, a sign that the housing market could start to recover this year. However, foreclosures and short sales continue to dominate the region's home sales. Data from the Arizona Regional Multiple Listing Service show the number of homes for sal...
01/24/2011
Buying a home is cheaper than renting in 72 percent of the largest U.S. cities, led by Miami and Las Vegas, as an increase in foreclosures boosts demand for apartments, said real estate data provider Trulia Inc. The cities where purchasing is most affordable include Arlington, Texas, and Mesa and...
01/24/2011
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David E. Smith

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