February a slightly better month for Valley home building

new build VR siteCatherine Reagor, The Republic | azcentral.com 7:33 p.m. EDT March 20, 2014

Metro Phoenix’s new-home market picked up a bit in February after a dismal January.

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Story Highlights
More new houses sold in February than January.
The number of home permits issued rose 20 percent in February compared with January.
New-home sales remain behind the 2013 pace.

West Valley offers quality homes at affordable prices

Catherine Reagor, The Republic | azcentral.com

More houses, more housing choices — and still much more affordable than many other areas.

Today, the West Valley has the most land and the most home sales in the metro Phoenix housing market, but  buyers aren’t choosing to live there just for the affordable big-box or retirement houses for which the area was known a decade ago.

 

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Home values climbed across metro Phoenix

By Catherine Reagor, Matt Dempsey and Ryan Konig

Home values climbed across metro Phoenix again in 2013, and many neighborhoods saw double-digit increases.

More than half of all the ZIP codes in Maricopa and Pinal counties posted their biggest annual increase in home prices since the crash, according to The Arizona Republic’s latest Valley Home Values Report.

 

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Simple repairs, list of improvements can boost home’s valuation

repairBy Dolores Tropiano, Special for The Republic

 

Getting an appraisal can seem like playing kino keno the slot machine at the nearby casino. Chances of getting the numbers number you want seem are random and rare.

But according to appraisal experts, there are definite steps that sellers can take to ensure that they strengthen their residential appraisal and have a winning experience.

Appraisals are important when selling your home, because a lender won’t cover a mortgage that’s higher than the appraisal, and sellers are often forced to lower their asking price if the appraised value comes back lower than the that asking price. Low appraisals can also hurt negatively affect a homeowner’s ability to refinance a his or her mortgage.

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Increasing property values in Phoenix area point to recovery

By Michelle Ye Hee LeeThe Republic  |  azcentral.comSun Mar  2, 2014  7:53 AM

Median assessed values of Valley homes and businesses increased this year by double-digit percentages for the first time in seven years, suggesting local real-estate markets are recovering, the Maricopa County assessor says.

About 1.6 million valuation notices for the 2015 tax year were mailed out at the end of February. All classifications of properties — vacant lands, single-family homes, condominiums, apartments, commercial properties and manufactured housing — saw improvements in value this year. Commercial-property values have increased for the first time since 2009.

 

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