Mortgage And Real Estate News

Sunday, July 26, 2015

GoDaddy founder Bob Parsons plans Scottsdale restaurant

Billionaire Bob Parsons is getting into the restaurant business, reports the Arizona Republic .

The GoDaddy (NYSE: GDDY) founder's YAM Properties group has submitted plans to the city of Scottsdale for a 5,900-square-foot restaurant building at McDowell Mountain Marketplace on the southwest corner of Bell Road and Thompson Peak Parkway.

Read more... http://www.bizjournals.com/phoenix/blog/prime_cuts/2015/07/bob-parsons-eyes-scottsdale-restaurant-with.html

Plans for 281 homes in Chandler gain early approval

Plans are moving forward to bring 281 new homes to land in west Chandler, despite opposition from an automotive group that urged the city to preserve the land for future dealerships.

Mattamy Homes is proposing construction of at least 125 condominiums at the northwest corner of 56th Street and Orchid Lane, north of Ray Road. The remaining 156 homes would vary in type. In all, the company is proposing development of about 30 acres, according to a city report on the project.

Read more... http://www.azcentral.com/story/news/local/chandler/2015/07/23/chandler-homes-i-10-proposed/30533565/

Saturday, July 18, 2015

Construction begins on Enclave at Borgata luxury condos

Visitors to the corner of N. Scottsdale Road and E. Lincoln Drive might notice a little extra noise in the shopping and dining district this summer.

That's because construction has officially begun on the Enclave at Borgata, a luxury condominium complex that will replace the Borgata of Scottsdale mall after its 2013 demolition.

Read more... http://www.azcentral.com/story/news/local/scottsdale/2015/07/14/construction-begins-enclave-borgata-luxury-condos/30164157/

Eastmark among U.S. top 10 for home sales

Eastmark — a massive community rising on the former General Motors ground in southeast Mesa — has quickly become one of the nation's most popular new neighborhoods.

The master-planned community ranked No. 8 in the U.S. for home sales during the first half of 2015, according to Maryland-based real-estate advisor RCLCO.

Read more... http://www.azcentral.com/story/news/local/mesa/2015/07/15/eastmark-among-us-top-home-sales/30207333/

Thursday, July 9, 2015

A college degree can make it harder to buy a home

Becoming a homeowner requires a lot of cash, but a college degree can sometimes make it harder.

In 30 of the top 100 markets in the country, saving for a 20% down payment is faster without a college degree, according to a new study from Trulia.

Read more... http://money.cnn.com/2015/07/08/real_estate/college-degree-buy-a-home/index.html?section=money_realestate&utm_source=feedburner&utm_medium=feed&utm_campaign=Feed:%2Brss%2Fmoney_realestate%2B(CNNMoney:%2BReal%2BEstate)

Sunday, July 5, 2015

Gay Marriage Ruling: 'Housing Game Changer'

he U.S. Supreme Court's decision late last week to make same-sex marriages legal throughout the country could lift home ownership among lesbian, gay bisexual and transgender couples.

"As with other momentous social landmarks, this progress will trigger key milestones along the path to home ownership," says Sherry Chris, CEO of Better Homes and Gardens Real Estate. The LGBT community is "a powerful market segment that represents an estimated buying power of $840 billion."

Read more... http://realtormag.realtor.org/daily-news/2015/06/29/gay-marriage-ruling-housing-game-changer?utm_source=feedburner&utm_medium=feed&utm_campaign=Feed%3A+DailyRealEstateNews+%28Daily+Real+Estate+News%29

Friday, July 3, 2015

The most over-the-top tech billionaire vacation homes

Everyone needs to take a vacation every once in a while, especially during the holidays.

But vacation means something a little different when you're a millionaire or even a billionaire.

From massive island retreats to private superyachts, these tech executives' second homes take luxury vacations to the next level.

Read more... http://www.businessinsider.com/the-most-over-the-top-tech-billionaire-vacation-homes-2015-7

Wednesday, July 1, 2015

Manhattan Apartment Prices Reach Record Amid Bidding Wars

Manhattan apartment prices jumped to a record in the second quarter, pushed up by competition for a limited number of properties and strength in the luxury market.

The average sale price of all co-ops and condominiums was $1.87 million, up 11% from a year earlier and the highest in 26 years of data-keeping, according to a report Wednesday by appraiser Miller Samuel Inc. and brokerage Douglas Elliman Real Estate. Resale apartments and units in new developments each set their own price records amid interest from both investors and buyers who intend to live in the homes.

Read more... http://www.nationalmortgagenews.com/news/origination/manhattan-apartment-prices-reach-record-amid-bidding-wars-1054938-1.html?site=default_on&utm_campaign=origination%20news-jul%201%202015&utm_medium=email&utm_source=newsletter&ET=nationalmortgage%3Ae4670441%3A3925073a%3A&st=email

Reuters: Business News

National Commercial Real Estate News From CoStar Group

Latest stock market news from Wall Street - CNNMoney.com

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