With a combination of good job growth, easy comps, and inventory, David Goldberg, UBS analyst, explains which three locations are housing hot spots.» Read More
President Barack Obama is set to announce a 0.5 percentage point reduction of Federal Housing Administration mortgage insurance premiums to 0.85 percent, Bloomberg reported on Wednesday. Obama is expected to make the announcement in a speech in Phoenix on Thursday, Bloomberg said, citing sources. Reuters could not immediately confirm the report.
Dec 14- Pet supply retailer PetSmart Inc succumbed to calls from some shareholders for a sale on Sunday with an agreement to be bought by a private equity consortium led by BC Partners Ltd for $8.7 billion, in the largest leveraged buyout of the year. PetSmart said BC Partners, as well as some of its fund investors, including La Caisse de dépôt et placement du...
Dec 11- Freeport McMoRan Inc operations at its sole U.S. copper smelter have returned to normal production levels after it completed repairs on an electric furnace damaged in a fire at the Arizona facility, a spokesman said on Thursday. Freeport, the largest U.S. miner by market value and revenue, resumed processing copper concentrate at the site on Dec 7, said Eric...
Buyout firms KKR & Co LP and Clayton, Dubilier & Rice LLC (CD&R) have teamed up to take PetSmart Inc private for more than $7.5 billion, people familiar with the matter said on Tuesday.
A little research can uncover deep discounts, freebies and even options to get paid for leaving your car while on vacation.
CNBC's Diana Olick reports on Phoenix's struggling housing market.
A broker tells CNBC that he's "excited about the Phoenix market for an important reason: It's stable."
Gene Urban, The Urban Team broker, highlights three listings in Scottsdale, Arizona.
Gene Urban, The Urban Team broker, looks at real estate listings in the Phoenix metro area.
New analysis shows that renting may prove to be a better decision than buying in major markets as prices rise and bargains disappear. The NYT reports.
Freeport-McMoRan is selling its Eagle Ford Shale assets in Texas to an Encana subsidiary for $3.1 billion.
Dallas, Seattle and other cities are connecting their airports to downtown by rail in hopes of easing headaches and attracting more business.
Who would have thought that five of Zillow's top 10 healthiest housing markets would be in this state?
Gene Urban, The Urban Team at Realty Executives, weighs in on 3 listings in the Phoenix, Arizona area where the average sales price is about $215,000 in the city.
Sales of existing home sales nationally fell 3.2 percent in October, but in the West they were down 7 percent.
Greg Stanton, Mayor of Phoenix describes what kind of investment he hopes to attract in Phoenix.
Along with college, the cost of housing is rising fast. Home prices are up over 12 percent from a year ago, and even rising mortgage rates do not appear to be slowing the gains.
Finished lot prices are up an average of 40% nationwide, and in the hottest markets they've nearly doubled. USA Today reports.
Home prices are up 35 percent in Phoenix from where they were in September of 2011, and President Obama is sharing his proposal to dismantle Fannie Mae and Freddie Mac, with CNBC's Diana Olick. Shaun Donovan, Housing and Urban Development secretary; and Jaret Seiberg, Guggenheim Partners, discuss the impact to home ownership.
Housing data released Tuesday was mixed, prompting economist Robert Shiller to call the housing recovery positive in the short-term, but not without many headwinds.