RooPho Realty has 2 great listings in Downtown and both have recently reduced their price. Portland 2 is a great 3 bedroom, 3.5 bath home just a block from Roosevelt. It's very contemporary design is still hard to find in Downtown. It also has almost 1600 square feet and a 2 car garage. Priced now at $334,900, you can't get this much space and comfort in Downtown. Check out the pictures in the link and call me to see it.

More information about RooPho Realty's Portland 2 listing.

Brick Commons is a nice community near 7th Street and Osborn. Great location where you can walk to the Light rail and restaurants. There are currently only 3 units for sale ranging in price from $115k to $150k.

More information about Brick Commons.

January and February home sales started the year off well but March was flat. "Sales of both new and existing homes are flat to down," said David Blitzer, spokesman for S&P. "The recovery in housing starts is faltering. Home prices nationally have not made it back to 2005 [levels]. Mortgage interest rates, which jumped last May, are blamed by some analysts for the weakness. Others cite difficulties in qualifying for loans and concerns about consumer confidence. The result is less demand and fewer homes being built."

Summit at Copper Square

The Summit at Copper Square High Rise Condominium is just across the street from Chase Field and 2 blocks from USAirways Arena. There are currently 16 condos for sale ranging in price from $177k to $469k. Contact me if you'd like more information or if you'd like to see them.

The 21st Annual Cinco De Mayo Festival in Downtown Phoenix at 2nd street and Van Buren. Saturday and Sunday, May 3rd and 4th.

http://arvizu.com/Arvizu-Events-Description.php?e=cincophx

Metro Phoenix home values fell in January 2014

Home prices and sales in most neighborhoods across the Phoenix area fell in January, signaling the region’s robust housing recovery is slowing, stalled or over after two frenzied years. But the slowdown comes after a more than 70 percent rebound in home values. By Catherine Reagor The Arizona Republic

Nationwide home values went up 11.7%, now what?

Nationwide home values went up 11.7% in the first 3 quarters of 2013, then dropped 0.3%  in the 4th quarter.  In January, nationwide home sales fell to an 18 month low.  Experts believe the high gains of last year may be over and values will go up slowly from here and for a while.  The good news in all this?  We know what happens when values go up too fast.  Hopefully the market will remain stable for a while.