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THE GRIMALDO GROUP BLOG

Wednesday, October 20, 2021   /   by Juan Grimaldo

Howard Hughes Corp. pays $600M for Douglas Ranch in Buckeye

The Howard Hughes Corp. (NYSE: HHC) has plopped down $600 million for the proposed 37,000-acre Douglas Ranch master-planned community in Buckeye.
The proposed development — 35 miles from downtown Phoenix on the west side of the White Tank Mountains — is expected to have 100,000 homes, 300,000 residents and 55 million square feet of commercial development.
Scottsdale-based El Dorado Holdings Inc. and Phoenix-based JDM Partners — which sold the vacant land to HHC, will still maintain a 50% stake in Trillium, the 3,300-acre master-planned community designed as the gateway into Douglas Ranch.
To continue reading, click here.
By Angela Gonzales, Senior Reporter - Phoenix Business Journal ...

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Wednesday, October 20, 2021   /   by Juan Grimaldo

Looking To Move? It Could Be Time To Build Your Dream Home.

While today’s supply of homes for sale is still low, the number of newly built homes is increasing. If you’re ready to sell but have held off because you weren’t sure you’d be able to find a home to move into, newly built homes and those under construction can provide the options you’ve been waiting for.
The latest Census data shows the inventory of new homes is increasing this year (see graph below):

With more new homes coming to the market, this means you’ll have more options to choose from if you’re ready to buy. Of course, if you do consider a newly built home, you’ll want to keep timing in mind. The supply shown in the graph above includes homes at various stages of the construction process – some are near completion while others may be months away.
According to Robert Dietz, Chief Economist and Senior VP for Economics and Housing Policy for the National Association of Home Buil. ...

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Tuesday, October 19, 2021   /   by Juan Grimaldo

What Does the Future Hold for Home Prices?

If you’re looking to buy or sell a house, chances are you’ve heard talk about today’s rising home prices. And while this increase in home values is great news for sellers, you may be wondering what the future holds. Will prices continue to rise with time, or should you expect them to fall?
To answer that question, let’s first understand a few terms you may be hearing right now.
Appreciation is an increase in the value of an asset.
Depreciation is a decrease in the value of an asset.
Deceleration is when something happens at a slower pace.
It’s important to note home prices have increased, or appreciated, for 114 straight months. To find out if that trend may continue, look to the experts. Pulsenomics surveyed over 100 economists, investment strategists, and housing market analysts asking for their five-year projections. In terms of what lies ahead, experts say the market may see som ...

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Tuesday, October 19, 2021   /   by Juan Grimaldo

Phoenix continues to plunge on U.S. News Best Places to Retire list

In just two years, Phoenix has gone from being one of the top 20 places to retire to one of the bottom 20 in U.S. News’ prestigious annual rankings.
The metro tumbled to No. 140 on this year’s list, which includes a total of 150 cities nationwide. That’s down from No. 59 last year and No. 17 the year before. It’s the third straight drop for Phoenix — and the biggest one in recent years.
The reasons for Phoenix’s freefall weren’t explained in the report, which still mentioned Arizona as “one of the go-to spots for retirees,” but one partial factor is likely that U.S. News last year increased the size of its lists from 125 to 150 metros, saying that doing so better reflected the actual possibilities Americans have.
The change in status also could have something to do with rising housing costs in the Valley.
To continue reading, click here.By Jeff Giffords, –  Digital Editor, Phoenix Busines ...

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Monday, October 18, 2021   /   by Juan Grimaldo

Sellers: Your House Could Be an Oasis for Buyers Seeking More Options

Sellers: Your House Could Be an Oasis for Buyers Seeking More Options


Sellers have a great opportunity this season as buyer demand still heavily outweighs the current supply of homes for sale. According to the National Association of Realtors (NAR), today’s housing inventory sits at only a 2.6-month supply. To put that into perspective, a neutral market typically features a 6-month supply. That places today’s market firmly in the sellers’ market category.

That same NAR data also shows today’s inventory of single-family homes is trailing behind the level we saw last year (see graph below):Because of the ongoing supply challenges, buyers can feel like they’re wandering across a vast, empty desert when searching for their next home. That means your house could provide an oasis for buyers thirsty for options – and it could increase the chances of buyers entering a bidding war for your home.

The ...

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Keller Williams Realty Elite- The Grimaldo Group
Juan Grimaldo
2403 N Pebble Creek Pkwy #101
Goodyear, AZ 85395
480-365-8346

© 2021 Arizona Regional Multiple Listing Service, All rights reserved. The data relating to real estate for sale on this website comes in part from the Arizona Regional Multiple Listing Service. Real estate listings held by brokerage firms other than Juan Grimaldo - Keller Williams Realty Professional Partners - The Grimaldo Group (WINBACK) are marked with the Arizona Regional Multiple Listing Service logo and detailed information about them includes the name of the listing brokers. All information deemed reliable but not guaranteed and should be independently verified. All properties are subject to prior sale, change or withdrawal. Neither listing broker(s) nor Arizona Regional Multiple Listing Service shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless. October 21, 2021
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