Watch Video: 12 News with Mark Curtis Video on YouTube Keith sat down with Mark Curtis on @12News week to unpack how the City of Phoenix’s impact fees are shaping the new home housing market and what that means for both builders and buyers....
Watch Video: FOX 10 News Video on YouTube Mortgage rates are making headlines again, and our very own Keith was invited to Fox News Arizona to share his expert insights—answering the big question: Is this the right time to buy?...
Source: Phoenix Independent During more than a quarter of a century of helping people buy and sell homes in Arizona, there has only been one topic that has been a constant source of conversation. I have seen people leave Arizona over it and I have witnessed others pass up lucrative jobs offers here because of it. That topic is water. As the saying goes, “whiskey is for drinking; water is for fighting.” And there has been plenty of fighting about water. Nothing is...
Source: Phoenix Business Journal The housing market in metro Phoenix is softening at a time when the spring selling season is usually robust. "The market is feeling softer and softer, with many properly priced homes sitting unsold and with very few showings," said Greg Hague, CEO of Scottsdale-based 72Sold. In fact, said Chris Morrison, founding partner at Retsy | Forbes Global Properties, a 10-year high in inventory is creating a market that buyers have been clamoring for — despite the 7% mortgage interest...
Source: Phoenix Business Journal Homebuilders are expecting tariffs on certain construction materials to impact their costs. While the effects won't be immediate, price increases could come soon. Homes currently under construction are being built with materials purchased before tariffs kicked in, said Ken Peterson, vice president of sales and marketing for Shea Homes Arizona. Peterson is expecting tariffs to eventually add $1.50 to $2 a square foot to Shea Homes houses it builds, for a total increase of anywhere between $8,000 and $10,000. "Today,...
Keith Mishkin is on top of the world. The president and broker of Scottsdale-based Cambridge Properties is celebrating the Phoenix brokerage's 30th anniversary at a time when it has closed over $2 billion in home sales in metro Phoenix since inception. When Mishkin and his brother Cory were growing up, their late father, Alan Mishkin, was one of the most prolific developers in Arizona, previously owning the Biltmore Golf Club and the Scottsdale Country Club. While the brothers spent numerous hours working with...
Source: Phoenix Business Journal Density is the magic word for a growing number of homebuilders who are scouring metro Phoenix for small parcels of land on which to build boutique communities. For example, Encanto Living and Tidestone Partners just opened Encanto at Bell Park, an infill community of 35 homes on 2.5 acres of land at 12th Street and Bell Road in Phoenix. With floor plans ranging from 1,323 to 1,912 square feet, prices start in the $400,000s, said Keith Mishkin, CEO and...
A new Phoenix infill community with brightly colored houses starting in the $400,000s is going up at 12th Street and Bell Road. Called Encanto at Bell Park, the development will have 35 houses ranging in size from 1,323 to 1,912 square feet. Prices will go up to $600,000 for the houses with small, landscaped yards. Construction has already started on the homes that come in eight different colors. "We focused on walkability and entry-level housing for young professionals and recent...
A new Phoenix infill community with brightly colored houses starting in the $400,000s is going up at 12th Street and Bell Road. Called Encanto at Bell Park, the development will have 35 houses ranging in size from 1,323 to 1,912 square feet. Prices will go up to $600,000 for the houses with small, landscaped yards. Construction has already started on the homes that come in eight different colors. “We focused on walkability and entry-level housing for young professionals and recent retirees,” said the...
Chicago developer Belgravia Group has closed on the land for Atavia, an 88-unit luxury condominium development located in North Scottsdale’s “new luxury corridor” at Loop 101 and Scottsdale Road. Although it did not state the closing price, Belgravia said in a release that 66% of its first phase has been reserve since it announced the development last October. Located within DMB’s One Scottsdale master plan and directly adjacent to Belgravia Group’s sold-out development, Portico, Atavia offers two-, three- and four-bedroom residences priced...
