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Mesa--tempe---scottsdale--az-real-estate-market
By Ben-Hirsh
The Mesa, Tempe, and Scottsdale real estate market has been slowing over the past few months. Historically, resale housing activity has been pretty good during this time of year. However, sales this year have been slightly lower than they have in previous years. This demonstrates that the resale market is growing weaker. In fact, this year is the weakest that the Mesa, Tempe, and Scottsdale real estate market has experienced in six years.
Experts did not expect that the level of activity in the Mesa, Tempe, and Scottsdale real estate market would match that of previous years. They did not predict, however, that the market would decline as much as it has.
Last year, there was a rapid increase in the average home price in the Mesa, Tempe, and Scottsdale real estate market. Even though the home price has flattened this year the market continues to suffer from the dramatic increase in price.
The Mesa, Tempe, and Scottsdale real estate market has seen a decrease in the number of first-time buyers. Additionally, there has been an increase in the move-up markets – people purchasing larger houses than those they currently own. These conditions combined contribute to the slowing housing market. Stable or increasing median prices are likely to be seen during this period of time. A vast majority of homes purchase in the Mesa, Tempe, and Scottsdale area fall between the $200,000 to $299,999 range.
Increasing mortgage rates also contribute to the weakening market conditions. This makes houses less affordable than they have been in the past. Rates are up by 1.0% causing the mortgage rates on a median
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priced home to increase from $1,180 to $1,405. Investors and home sellers are seeing that buyers are reluctant to purchase homes because of the rapid price growth in the area along with the increase in mortgage rates. Another factor that contributes to this reluctance is the uncertainty about future appreciation of homes. If homes do not appreciate, yet prices continue to rise, homeowning becomes undesirable. It becomes increasingly difficult for homeowners to maintain their homes under these conditions. Home sellers find that homes remain on the market for a longer period of time, sometimes without offers. Current investors in Mesa, Tempe, and Scottsdale real estate should sell properties as quickly as possible to cut their losses. It may be possible to make a small amount of profit from the sale, but the priority at this point should not be making a profit. Instead, it should be to sell the property quickly without incurring any additional costs. Waiting around for market conditions to improve will only cost more in the long run as buyers take control of the market. Home sellers should price their homes competitively but not so high as to turn away potential buyers. To make sure that Mesa, Tempe, and Scottsdale real estate is priced properly, sellers should pay close attention to similar homes that have recently sold in the area. Prospective investors should stay away from Mesa, Tempe, and Scottsdale real estate. There are no financial gains to be seen in the foreseeable future. Ben Hirsh is an expert on Woodstock GA real estate and has an excellent website all about Woodstock real estate which features a Woodstock GA MLS search, the Woodstock GA history page, and much more. Article Source: http://activeauthors.com Ben Hirsh is an expert on www.realestateinwoodstock.com/ "> Woodstock GA real estate and has an excellent website all about Woodstock real estate which features a Woodstock GA MLS search, the Woodstock GA history page, and much more.
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How To Find The Best Deal In Alabama Condos
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Finding a condo in Alabama can be as easy as tying a shoe if the right real estate agent is used. There are a number of real estate agents or any slew or people that can make the entire process Read more...
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| virginia estate planning news: |
Waste Connections reports higher earnings for 2011
Waste Connections Inc., a Texas based company that is in the process of moving from Folsom, reported higher revenue and earnings for 2011.
The solid-waste company posted sales of $1.5 billion, up 14 percent from the prior year. Net income was $165 million, up 22 percent.
Earnings per share for the year were $1.47, up from $1.17.
The company quoted chairman and chief executive Ron Mittelstaedt as saying cost controls helped to propel earnings. For the coming year, the company expects revenue to increase to $1...<div class="feedflare">
<a href="http://feeds.bizjournals.com/~ff/bizj_sacramento?a=-YuZxZwwGcY:QEt3L3nc-vQ:yIl2AUoC8zA"><img src="http://feeds.feedburner.com/~ff/bizj_sacramento?d=yIl2AUoC8zA" border="0"></img></a> <a href="http://feeds.bizjournals.com/~ff/bizj_sacramento?a=-YuZxZwwGcY:QEt3L3nc-vQ:V_sGLiPBpWU"><img src="http://feeds.feedburner.com/~ff/bizj_sacramento?i=-YuZxZwwGcY:QEt3L3nc-vQ:V_sGLiPBpWU" border="0"></img></a> <a href="http://feeds.bizjournals.com/~ff/bizj_sacramento?a=-YuZxZwwGcY:QEt3L3nc-vQ:F7zBnMyn0Lo"><img src="http://feeds.feedburner.com/~ff/bizj_sacramento?i=-YuZxZwwGcY:QEt3L3nc-vQ:F7zBnMyn0Lo" border="0"></img></a> <a href="http://feeds.bizjournals.com/~ff/bizj_sacramento?a=-YuZxZwwGcY:QEt3L3nc-vQ:qj6IDK7rITs"><img src="http://feeds.feedburner.com/~ff/bizj_sacramento?d=qj6IDK7rITs" border="0"></img></a>
</div>Parent of Bank of Sacramento earnings up 228% in 2011
Greater Sacramento Bancorp earned $2.3 million in 2011, up 228 percent from earning $713,000 the year earlier.
In the fourth quarter, the holding company for Bank of Sacramento earned $601,000 compared to earning $612,000 in the fourth quarter of 2010.
Greater Sacramento Bancorp (OTC: GSCB.OB) ended 2011 with assets of $407.6 million, up 10 percent from assets of $369.3 million in 2010.
?During the past several years we have diligently and successfully addressed our problem loans and the results of these efforts are witnessed by our 2011 earnings performance,? said Bill Martin, bank chief executive and founder, in a statement...<div class="feedflare">
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</div>Sacramento loses 1,300 private-sector jobs in 2011
<img src='http://assets.bizjournals.com/sacramento/print-edition/Downtown-Old-Sacramento-Quam*100.jpg?v=3'>Sacramento continues to be near the bottom in terms of job growth in the private sector. It lost 1,300 jobs in 2011, according to a new analysis.
On Numbers looked at private-sector jobs employment growth in 2011. Sacramento ranked No. 93 out of 100 of the country?s largest markets. In 2011, the city had 577,400 private sector jobs, compared to 2010?s 578,700.
In comparison, the country?s largest markets, Houston and Dallas-Forth Worth, added more private-sector jobs than any other U.S. metropolitan area during the past year...<div class="feedflare">
<a href="http://feeds.bizjournals.com/~ff/bizj_sacramento?a=tdNvpVAIfcs:cV7Tekxx388:yIl2AUoC8zA"><img src="http://feeds.feedburner.com/~ff/bizj_sacramento?d=yIl2AUoC8zA" border="0"></img></a> <a href="http://feeds.bizjournals.com/~ff/bizj_sacramento?a=tdNvpVAIfcs:cV7Tekxx388:V_sGLiPBpWU"><img src="http://feeds.feedburner.com/~ff/bizj_sacramento?i=tdNvpVAIfcs:cV7Tekxx388:V_sGLiPBpWU" border="0"></img></a> <a href="http://feeds.bizjournals.com/~ff/bizj_sacramento?a=tdNvpVAIfcs:cV7Tekxx388:F7zBnMyn0Lo"><img src="http://feeds.feedburner.com/~ff/bizj_sacramento?i=tdNvpVAIfcs:cV7Tekxx388:F7zBnMyn0Lo" border="0"></img></a> <a href="http://feeds.bizjournals.com/~ff/bizj_sacramento?a=tdNvpVAIfcs:cV7Tekxx388:qj6IDK7rITs"><img src="http://feeds.feedburner.com/~ff/bizj_sacramento?d=qj6IDK7rITs" border="0"></img></a>
</div>CalSTRS investing $500M in global infrastructure
The California State Teachers? Retirement System is investing $500 million in global infrastructure with an Australian-based fund.
The teachers? pension fund has teamed with Melbourne, Australia-based Industry Funds Management Pty. Ltd. to invest in utilities, roads, ports and pipelines.
This investment sector is promising for CalSTRS because it addresses issues that emerged during the global economic crisis of the past few years.
?What the recent economic crisis demonstrated was the need for greater diversification in our investment portfolio, in areas that would also serve as a hedge against inflation,? said Harry Keiley, chairman of the CalSTRS Investment Committee, in a statement...<div class="feedflare">
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Estate planning, a process invented by Charles Ives, is the process of accumulating and disposing of an estate to maximize the goals of the estate owner. ...
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