Eventually they'll get it right, and by then they'll be too late. Yesterday the Phoenix Business Journal reported on two studies finding that the Phoenix market is up 7% from last year -- and simultaneously heading down 11 percent this year. The "up 7 percent" article compares March 2011 to March 2012. Checked against our own data, the … [Read more...]
Vacation Homes in Arizona
May 2, 2012 By Leave a Comment
Yesterday the Wall Street Journal published a study which found that the average vacation home buyer travels up to about 300 miles between their primary and secondary residence. Reasons include the obvious ones like ease of access, but also so the property can be more easily shared with friends from their home town or maintained as a rental. … [Read more...]
The Foreclosure Wave That Won’t Be
April 5, 2012 By 1 Comment
Yesterday Reuters published an article about Americans bracing for the next wave of foreclosures, again reminding us that we're all doomed. Except... we're not. I contacted Mike Orr with The Cromford Report who pointed out that Phoenix foreclosures peaked in 2009 and have been trending downward ever since. His research suggests the "wave of … [Read more...]
Impending Tax Change for Short Sellers
April 2, 2012 By Leave a Comment
Homeowners considering a short sale later this year may want to get moving because a tax benefit for short sellers is set to expire at the end of 2012. The Mortgage Forgiveness Debt Relief Act of 2007 was established in an attempt to allow short sellers - presumably in a dire financial situation - to avoid a surprise income tax bill the … [Read more...]
Make the Skies Friendly Again – With A Flight From The Scottsdale Airport
February 17, 2012 By Leave a Comment
One of the nation’s busiest single runway airports, the Scottsdale Airport has long been a Northeast Valley landmark. Within minutes of some of metro Phoenix’s most prominent businesses, nearby resorts, restaurants and recreation amenities, there’s no reason that the next time you fly, it can’t be for both business and … [Read more...]
The Camelback Inn – Always At The Heart of Town
February 9, 2012 By Leave a Comment
In 1936, with the country mired in the depths of the Great Depression, an ambitious young hotel manager persuaded a group of investors to fund construction of a resort in the Sonoran Desert. Arizona had been a state for less than 30 years when hotel manager Jack Stewart proposed the idea of a resort destination in the … [Read more...]
From Sand to Sensation
January 31, 2012 By Leave a Comment
“Golf is a game of risk and reward,” says Tom Weiskopf, one of the sport’s sages and award winning course architect, including the Valley’s most famous course at the Tournament Players Club. His Stadium Course at the TPC embodies just such a philosophy as it makes the Phoenix Open one of the most exciting tournaments on the PGA Tour. As … [Read more...]
Arizona’s Vineyards and Locally Grown Wine
January 24, 2012 By Leave a Comment
Anyone who has recently taken a trip to Sedona or the Verde Valley has likely noticed a growing number of tasting rooms featuring locally produced wines. Often thought of as being the provenance of Provence or the fertile and foggy valleys of California, upstart Arizona has become the maverick in yet another well-established industry steeped in … [Read more...]
