Shift Coming in Metro Phoenix Housing Market

By Catherine Reagor | Arizona Republic Sellers’ grip on metro Phoenix’s housing market is starting to slip. The supply of Valley homes for sale has steadily been climbing for the past few months, giving buyers worn out by bidding wars and new monthly home price records a better chance to close on one. Drops in …

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Ohio Couple Camps Out in Airbnb While Waiting for a Phoenix Home

By Angela Gonzales | Phoenix Business Journal The Phoenix housing market is crazy hot right now — just ask an Ohio couple currently camping out in an Airbnb as they lose bid after bid on their dream home. In May, when the couple arrived in Phoenix to look for a home and find new jobs, …

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40 Under 40 Winner Left Germany to Renovate Homes in the Valley

By Michael McDaniel | Phoenix Business Journal Patrick Niederdrenk and (SAAR 40 Under 40 winner) Maximilian de Melo conceived the idea of launching a boutique real estate brokerage in 2014 while they were vacationing in Arizona. The German golfers and entrepreneurs saw the Grand Canyon State as a great frontier of development. As entrepreneurs, they …

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Scottsdale Real Estate Investor Goes Big in Build-to-Rent Market

By Angela Gonzales | Phoenix Business Journal A Scottsdale-based international real estate asset management company that owns 81,000 acres nationwide is making a big play for the wildly popular build-to-rent home market. Walton Global Holdings — which last year moved its headquarters to Scottsdale from Calgary, Canada, where it was founded more than 40 years …

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Scottsdale, Paradise Valley to Ink Palmeraie Review Agreement

By Melissa Rosequist | Scottsdale Independent Scottsdale is vying to be the official authority when it comes to plan review, permitting and inspection services for The Palmeraie — a mixed-use development that straddles the city and Town of Paradise Valley. The two neighboring municipalities will enter into an intergovernmental agreement of cross-jurisdiction road and utility …

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‘Get Your Nest’ Home Buying App Launches in Scottsdale

By Angela Gonzales | Phoenix Business Journal The Valley’s hot housing market is creating a buzz among residential real estate brokers, and more brokerages are expanding to metro Phoenix as a result. New York-based Real Brokerage inc. and Virginia-based Nest Realty are among those setting up shop in the Valley, while a local brokerage called …

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Scottsdale Begins Tracking Down 1,000 Short-Term Rental Owners

By Melissa Rosequist | Scottsdale Independent Scottsdale’s new Short-Term Rental Working Group is halfway through its six planned meetings, with information and work already flowing from the municipal committee. During the past three weeks, two city employees have identified 1,000 short-term rental locations in violation of contact or transaction privilege tax licensing requirements. The working …

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Maricopa County Supervisors Cut Property Taxes

By Mark Carlisle | Daily Independent The Maricopa County Board of Supervisors cut the county’s share of property taxes last week and tentatively approved a $324 billion budget for the upcoming fiscal year. The board cut the county’s property tax levy by 5.5 cents per $100 of assessed value. For a homeowner with property assessed …

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Phoenix Home Price Growth Tops the Nation at 20%

By Angela Gonzales | Phoenix Business Journal Phoenix home price growth reached a whopping 20% in March, leading the nation for the 22nd consecutive month, according to the latest results of the S&P CoreLogic Case-Shiller Indices. With the national average now 13.2%, San Diego came in second, with a year-over-year price gain of 19.1%, followed …

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