WeKnowUrban

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Real Estate Agent - We Know Urban Realty
Where we discuss pros and cons of urban living in Phoenix, Arizona. We don't pull any punches as we want you to know what's really happening in the loft and high rise condo market.

ARCHIVED BLOG POSTS

2009 

VERY few people are buying anything today that isn't a short sale or an REO property (I define this later). Why? Because everyone is looking for a great deal but the only great deals out there are in the hands of the banks. Anyone who purchased a property from 2005 to 2006 is "upside" down, meani...
Posted almost 5 years ago
Ok I know that there is still tons of bad news out there and plenty of reasons to believe it but here are a few things that MIGHT indicate that the real estate market is starting to firm up in Phoenix. 1.  A mortgage lender friend of mine says that April will be his best month since 2005. 2.  I w...
Posted almost 5 years ago
I heard recently that historically Americans pay 26% more to own property than to rent it.  As I didn't know whether this was true or not I did a little digging and found a site called www.economicpolicyjournal.com with the following: "After two years of rapid home-price depreciation, the relatio...
Posted almost 5 years ago
0 Comments
You asked for it so we went out and got it.  Short term rentals that is.  In the past we turned away many people who needed help finding cool condos in downtown Phoenix because there flat out wasn't anything available, until now.  We now have access to VERY nice furnished one and two bedroom high...
Posted almost 5 years ago
Despite the slowdown in the national housing market, condominiums remain a popular option among home buyers. But they're also at the heart one of one of the biggest misperceptions surrounding FHA loans. There are some strings and limits, but make no mistake - you can obtain FHA financing to help ...
Posted almost 5 years ago
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We just learned about a steep price cut on high rise condo rentals in downtown Phoenix.  Condos ranging in size from one bedroom with one bathroom to two bedroom with a den and two bedrooms and priced as low as $1300 per month in an "A-Cabin" building walking distance from everything that downtow...
Posted almost 5 years ago
You might remember me writing about a purchase that fell through at The Vale because the Buyer's lender would not make the loan because the Home Owner Association (HOA) at The Vale was in financial trouble with 25% of the condo owners behind on paying their fees.  It was my opinion that until the...
Posted almost 5 years ago
We just recently learned that Crescent Resources, the owner of Portland Place in downtown Phoenix filed Bankruptcy yesterday. An article in the Charlotte Observer stated: "Duke [Duke Energy - a Fortune 500 energy producer] created Crescent in 1969 to manage its surplus land along the Catawba Rive...
Posted almost 5 years ago
June 12, 2009 - 3:28 pm
Posted almost 5 years ago
June 12, 2009 - 3:28 pm
Posted almost 5 years ago
Rainer
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Will Daly

www.WeKnowUrban.com - Phoenix High Rise and Loft Condo Expert
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