Whisper Ridge Estates is a new community of single family luxury homes under construction in Scottsdale! The community is located at 136th Street and Shea Blvd. in the foothills of the McDowell Mountains with mountain views and city lights. The homes are being built by Standard Pacific Homes with single level floor plans ranging in size from 3,400 to 4,600 square feet and 1 acre homesites. Prices are starting in the low $900,000s. Please contact Michelle Sarocka at 602.616.4829 or email [email protected] for more information.
A special report from Arizona State University’s W.P. Carey School of Business indicated home sales across the Phoenix Metropolitan Area are on track to jump more than 30 percent during the next few months, potentially signaling the restart of the area’s stalled housing recovery. The biggest increases in pending sales were for houses priced from $150,000 to $250,000 and from $250,000 to $400,000 signaling more first-time buyers and former homeowners who lost houses to foreclosure are purchasing again. Read the full article Flood of home sales may indicate Millennials diving in found on www.azcentral.com
Phoenix is the eighth most-affordable metropolitan area according to new research from mortgage publisher HSH.com. HSH.com used fourth-quarter data from the National Association of Realtors (NAR) to calculate the minimum salary a buyer must earn to pay the principal, interest, insurance and taxes associated with home purchases across 27 metropolitan areas and average interest rates for fixed-rate, 30-year mortgages. To afford a typical house in Phoenix with a home price of $200,000, a home buyer needs a minimum salary of $40,658 along with a 20% down payment. The study indicated a home buyer would need a minimum salary of $48,603 to afford the median priced home in the U.S. For more information and to find out how much money home buyers in 27 major metro areas would need to earn in order to purchase the median-priced home in their market click here.