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That Real Estate Show - Phoenix Real Estate News

Housing affordability is on the rise and that means the Phoenix metro area too, giving more Americans a chance to own their own homes.  If you're buying or selling a home in the Phoenix area, it's good news.

The good news comes as National Homeownership Month gets under way in this month of June.

A new report from the National Association of Home Builders/Wells Fargo Housing Opportunity points to lower interest rates and home prices for the boost in housing affordability across the country.

According to the Index, more than 66 percent of new and existing homes sold between January and March were sold to families earning the U.S. median income of $65,800.

The national median home price also declined from $215,000 in the fourth quarter to

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Things could be looking up for some valley real estate businesses as talks drone on about the use of Unmanned Aerial Vehicles for commercial purposes.

The FAA recently gave three companies the go-ahead to experiment with UAVs, or drones, beyond the “line of sight” restrictions generally imposed on drone operators.

For the companies that have been granted exemptions that means the person operating the drone won’t necessarily have to keep the UAV in their line of vision while flying it with remote controls.

The FAA greenlight is still just an experiment, for now. But it is welcome news for some real estate businesses that have long lobbied for expanded use of drones in the residential appraisal process. 

Many see the move as a step in the right

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Home builders are rolling out the Welcome mat again for first-time home buyers in the Phoenix metro area.

With a lack of available affordable homes keeping many would-be buyers on the sidelines, some builders are stepping up inventory to meet those demands.

Meritage Homes Corp., whose homes generally sell, on average, for just under $400,000, is among those turning the focus to the starter home market.  At J.P. Morgan Chase & Co.’s recent Homebuilding & Building Products Conference in New York, Meritage announced plans to build more homes in the low $200,000s, according to the Wall Street Journal.  

Reps from Ryland Group Inc. also projected at the conference that entry-level buyers, who currently account for 33% of its sales, could grow to

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Valley home owners have been following the news from Phoenix as residents begin to bail out their homes from flood waters in hard hit storm areas in Texas and Oklahoma, many others are counting their lucky stars.

Colin and Joanne Andrew, who live in the Houston suburb of Cypress, were among those spared the worst as record rainfalls flooded parts of the city over the Memorial Day Holiday weekend.

“I can understand if you hear the news and see the footage, and you know that somebody is in the area, you would expect the worst,” said Joanne. “But because of how big Houston is, not everybody got affected the same way.”

So far, the Andrews have not had to turn to their home flood insurance to help weather the storm. But the devastating stories

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By Sloane Kingston, Contributing Editor

It’s the people’s choice this go-around for Taylor Morrison.

The Scottsdale-based builder and developer is asking for the public’s help in designing some new model homes.

Through a new crowdsourcing campaign, Taylor Morrison is getting input from people around the country to furnish new show homes with items such as flooring, cabinetry, paint colors, countertops and more.

Items selected by popular votes will be built into new model homes making their debut in the Texas cities of Austin, Dallas and Houston, as well as some Taylor Morrison communities in California later this summer.

The campaign, at, was inspired by research studies about homeowners turning to digital media

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By Sloane Kingston, Contributing Editor

The United States is world class when it comes to luxury living.

Knight Frank’s latest Prime Global Cities Index puts North America in general, and San Francisco, in particular at the top of its list of expensive real estate in key cities around the world.

Three other North American cities are also making a showing in the top ten. Miami ranks third on the list, followed by Vancouver, British Columbia at number four and Los Angeles at number nine.

So-called “tier one” cities in countries such as the U.S., Canada and Australia are expected to continue to perform well in luxury real estate, according to Kate Everett-Allen, a residential research partner for Knight Frank.

She told Mansion Global that

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By Sloane Kingston, Contributing Editor


Closing time is often crunch time for buyers looking to secure their next home. But new federal guidelines are hoping to take a little pressure off the process before move-in day.


The U.S. Consumer Financial Protection Bureau is promising more time and less paperwork for buyers who apply for a home loan after August 1st.  As part of the new rules inspired by the Dodd-Frank Act, the CFPB aims to make it easier for consumers to understand the terms of their loans with user-friendly documents and allowing three days, instead of 24 hours, to review and sign-off on the paperwork.


Borrowers will almost certainly be leaning on their lenders and real estate agents to educate them on the new

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By Sloane Kingston, Contributing Editor


Already a frequent go-to for start-ups and almost anything pop culture these days, crowdfunding has now become the buzz word in commercial real estate development.


The passage of the JOBS Act in 2013 has made it easier for the average Joe and Jane with money to invest, to enjoy a slice of the real estate pie that so many wealthy investors have savored for years.


“Commercial real estate and institutional assets were almost an insiders’ club,” said Tom Bade of Caliber Wealth Development during a recent visit to That Real Estate Show. “Now, for the first time, those assets can be sold in a way much like Amazon or other places like that, where everybody will have access to them.”


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Here's what's coming up on Sunday, April 26, 2015 on That Real Estate Show.  The Show for you and your Realtor.

THAT MARKET REPORT - Find out the latest in the real estate market in the Phoenix area.  Michael Orr, Director or the Real Estate Center at the W.P Carey School of Business at Arizona State University joins That Real Estate Show for his weekly segment.

MARICOPA COUNTY HOME IN 5 - Your Money Girl, Kim Harland with Nova Home Loans discusses the success of the Maricopa County Home in 5 Advantage Program.   It's a federal grant given to areas hit hard by the housing crisis.  Find out if you qualify!

UNSUNG HEROES PROGRAM - Listen to Gus Montez describe his experience buying a home while taking advantage of That Real Estate Show's Unsung

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Why Canadians Are Selling their Valley Homes

 By Diane Brennan

It’s a perfect storm, eh?

Combine low oil prices, the falling Canadian dollar and the rise of Valley real estate prices and you get a lot of our neighbors from the North putting for sale signs in their Arizona yards.

Terri Bozok from Edmonton, Alberta owns a second home in Mesa. She has no plans to sell but it's a different story for many of her Canadian friends who own property here. 

 “They bought when prices were low and when the Canadian dollar was at par. They’ve made their profit and will make even more money when they convert the U.S dollars into Canadian.“ explains Bozok.

One of those friends bought several rental homes during the housing crash and is now getting them

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