Looking to live the High Rise Life? There are 38 condos for sale in High Rise buildings along Central Ave ranging in price from $127k to $450k. Call me for more information. 602-224-0554

Nationwide home prices went down from Nov 2013 to Dec 2013.

CHRISTOPHER S. RUGABER
AP Economics Writer

U.S. home prices slipped from November to December, and the year-over-year increase slowed, likely a result of weaker sales at the end of last year.

Real estate data provider CoreLogic says prices dipped 0.1 percent in December. It was the third straight month-to-month drop. Home prices had risen for eight straight months through September.
For all of 2013, prices rose a healthy 11 percent. That was roughly equal to the 11.4 percent price increase for the 12 months that ended in November.

New Listing at Artisan Village coming up for $199,900, 2 bed, 2 bath, 2 car garage

I have a new listing coming up this weekend at Artisan Village.  Located at 615 E Portland in the Roosevelt Row Arts District.  Just steps away from First Friday Art Walk, close to freeway entrance and walkable to the Light Rail.  Contact me at www.AZNativeProperties.com for more information or Chris F. Campbell

Foreclosures are dropping nationwide

Foreclosure filings -- including notices of default, scheduled auctions and bank repossessions -- during the first quarter fell 23% from a year earlier, the lowest level since the second quarter of 2007.   Last month, banks repossessed just under 44,000 homes. In September 2010, repossessions topped 100,000 a month.

Is the housing market heading for another bubble?

Home prices have increased 8% in December 2012 compared to December of 2011.  Home sales have also increased over last year.  This is giving many the confidence to sell and move up before values get too high or interest rates go up. 

Investors continue to buy up distress properties in hopes of flipping them and making a big profit.  Many homes on the market are price high at first and then some have to reduce the price to get an offer.  On the other hand, properties that are priced right can go for over asking price when speculators feel the values are going up.

So, can we be headed for another bubble?  It's hard to say and although home prices are still very low compared to 2008 when they hit a peak, values are going up fast just like before.

"I would say we have a housing bubble again," said David Stockman, former director of the Office of Management and Budget under President Reagan, told Yahoo! Finance, who recently has been working in the private equity sector. "We don't have a real organic sustainable recovery because, in a world of medicated money by the central bank, things aren't what they appear to be. ... It's happening in the most speculative subprime markets, where massive amounts of 'fast money' is rolling in to buy, to rent, on a speculative basis for a quick trade. And as soon as they conclude prices have moved enough, they'll be gone as fast as they came."

Bridgeview at Hayden Ferry Lakeside, Tempe AZ

140 E RIO SALADO PKWY 702
Tempe, AZ 85281

 Bridgeview at Hayden Ferry Lakeside is a wonderful luxury condo building with many amenities and the best one being the location.  It overlooks Tempe Townlake and is walking distance to Tempe Mill Ave and all the entertainment and shopping it has to offer. 

The community is complete with a heated pool, community room, billards, theater room, work out room and fantastic views.

It's also just minutes from Sky Harbor Airport and Downtown Phoenix.

 If you're interested in condo living anywhere in Metro Phoenix, you need a Realtor who specializes in high rise and condo living.  RooPho Realty was established to serve the urban community.

Along with condos, most historic districts are also located in the Urban Centers of Metro Phoenix, so we also specialize in single family homes located in the Metro Phoenix Historic Districts. 

Contact Chris F Campbell at Chris@RooPhoRealty.com or 602-224-0554 for more information.