Scottsdale-based Taylor Morrison Home Corp. (NYSE: TMHC) has purchased 178 acres for $25 million along Loop 303 in the West Valley.
The nation's fifth-largest homebuilder bought the land on each side of Loop 303 just north of West Peoria Avenue in the city of Surprise. Taylor Morrison and KB Home (NYSE: KBH) already had built homes in the first section of the community, called Sycamore Farms.
Robert McGibney, regional president for KB Home, said KB Home already has sold out all its homes at Sycamore Farms and is now eyeing land further south down Loop 303.
"That whole area is really growing and becoming more vibrant than it was a few years ago as things start to fill in," McGibney said.
Near Sycamore Farms is Sterling Grove, a 780-acre community also in Surprise being developed by Horsham, Pennsylvania-based Toll Brothers Inc. (NYSE: TOL)
Jim Daniel, president of RL Brown Housing Reports, said there's also another six new future and active subdivisions west of Loop 303 between ...

3 Ways Home Equity Can Have a Major Impact on Your Life



There have been a lot of headlines reporting on how homeowner equity (the difference between the current market value of your home and the amount you owe on your mortgage) has dramatically increased over the past few years. CoreLogic indicated that equity increased for the average homeowner by $17,000 in the last year alone. ATTOM Data Solutions, in their latest U.S. Home Equity Report, revealed that 30.2% of the 59 million mortgaged homes in the United States have at least 50% equity. That doesn’t even include the 38% of homes that are owned free and clear, meaning they don’t have a mortgage at all.
How can equity help a household?
Having equity in your home can dramatically impact your life. Equity is like a savings account you can tap into when you need cash. Like any other savings, you should be sensible in how you use it, though. Here are three good reasons to consider using your equity.
1. You’re ...

3 maneras en las que la plusvalía puede tener un impacto importante en su vida


Ha habido muchos titulares informando sobre cómo la plusvalía de los propietarios de vivienda (la diferencia entre el valor actual de su casa en el mercado y la cantidad que debe en su hipoteca) ha aumentado drásticamente en los últimos años. CoreLogic indicó que la plusvalía aumentó $17,000 para el propietario promedio solo en el último año. ATTOM Data Solutions, en su último informe de la plusvalía de las viviendas estadounidenses (U.S. Home Equity Report), reveló que el 30.2 % de los 59 millones de viviendas hipotecadas en los Estados Unidos tienen al menos un 50 % de plusvalía. Eso ni siquiera incluye el 38 % de las casas que son propiedad libre y sin deudas, lo que significa que no tienen una hipoteca en absoluto.


¿Cómo puede la plusvalía ayudar a un hogar?


Tener p ...

A 1,100-acre site in Goodyear — which was identified by sources with knowledge of the deal as a site Samsung is eyeing for its $17 billion manufacturing plant — will be sold at auction in April.
The Arizona State Land Department, which owns the site, scheduled the auction for April 21. The minimum bid on the land is $127.71 million, according to state documents.
The site, bounded by Indian School Road to the north, Perryville Road to the west, Citrus Road to the east and McDowell Road to the south, was recently designated as a foreign trade zone by the city.
The city documents do not identify the potential user but do say it is a known user.
According to Goodyear city documents, in order to qualify as a user-driven foreign trade zone in the city, a capital expenditure of at least $25 million must be made in the development of a project, manufacturing operations must be carried out in at least 75,000 square feet of a building, the employer must agree to employ a minimu ...

Phoenix Ranked 2nd For Hottest Housing Markets in 2021


We rank #2



2. Phoenix, Ariz.


Share of survey respondents expecting market to outperform the national average: 69%
Local lender: Rich Simon, owner of AZ Lending Experts. Simon has served the Phoenix market for 17 years.

What’s the activity like now and what do you anticipate for 2021?

Demand is the highest we’ve seen and we’re stuck in a situation where supply is extremely low. Active single-family homes for sale in the Phoenix market were 3,498 as of Jan. 28. We're used to seeing somewhere between 18,000 and 22,000. I'll call a listing agent to try to put in a good word for my client, and they'll tell me my client is one of 32 offers.

It's become a regular practice to waive appraisal contingencies. We're seeing anywhere from $20,000 to $40,000 being deposited in escrow. Typically, it used to be 1%. And we're seeing people go $30,000 to $40,000 over asking price. I expect the strong appre ...