Monday, December 17, 2007

DOWNTOWN SCOTTSDALE TO HOST TWO MAJOR SUPER BOWL NETWORK BROADCASTS

The NFL Network and ESPN will call Downtown Scottsdale home for their broadcasts during Super Bowl events.

In addition to the 7-day live ESPN broadcast that will occur south of Marshall Way bridge from Jan. 28 to Feb. 3, the 944 Magazine Super Village is being publicized as the Epicenter of all the official Super Bowl XLII football action.

The 944 Super Village will take place on the vacant lot south of the Nordstrom parking structure. The event lineup includes three days and nights of rockstars, music moguls, DJ's, bands, celebrity hosts, runway shows, celebrity poker tournaments, professional athletes, sports memorabilia and licensed apparel.

More than 10,000 people are anticipated to participate in the activities. For more information on Super Bowl week activities, go to: http://www.scottsdalecvb.com/football/

This Blog is brought to you by the 777Team. The 777Team specializes in Scottsdale Luxury homes, investment properties, Scottsdale real estate, Phoenix real estate, or real estate in any of the surrounding Valley Cities, such as Paradise Valley, Pinnacle Peak, Tempe, Chandler, Mesa, Cave Creek, Carefree, Glendale, Peoria and others. Buyers, Sellers or Investors are encouraged to visit the 777Team's website at www.e-Scottsdale.com as it is designed to be a one-stop source for all real estate information and consumer research for properties throughout our Valley Cities and community information.

Thursday, December 06, 2007

Freddie Mac: Mortgage rates slip to near 2005 levels

NEW YORK (MarketWatch) -- U.S. fixed-rate mortgages fell in the latest week, according to Freddie Mac's survey released Thursday. The national average interest rate on the benchmark 30-year, fixed-rate loan averaged 5.96% in the week ending Thursday, down from 6.10% a week ago and 6.11% a year ago.

The current 30-year rate has not been lower since the week ended Sept. 29, 2005, when it averaged 5.91%. The 15-year fixed-rate loan averaged 5.65%, down from 5.73% a week ago and 5.84% a year ago.

The current rate on that loan hasn't been lower since the week ended Oct. 13, 2005, when it averaged 5.62%. The five-year Treasury-indexed hybrid adjustable-rate mortgage averaged 5.75%, compared with 5.86% a week ago and 5.92% a year ago.

"House prices rose only 1.8% over the 12 months ending Sept. 30, the slowest rate of growth since the 12-month period ending March 31, 1995, according to the Federal Housing Finance Board's national house-price index," said Frank Nothaft, Freddie Mac vice president and chief economist. "With lower consumer spending and personal income gains in October, interest rates on U.S. Treasury securities fell lower this week and mortgage rates followed."

Source: Michelle Donley, MarketWatch

This Blog is brought to you by the 777Team. The 777Team specializes in Scottsdale Luxury homes, investment properties, Scottsdale real estate, Phoenix real estate, or real estate in any of the surrounding Valley Cities, such as Paradise Valley, Pinnacle Peak, Tempe, Chandler, Mesa, Cave Creek, Carefree, Glendale, Peoria and others. Buyers, Sellers or Investors are encouraged to visit the 777Team's website at
www.e-Scottsdale.com as it is designed to be a one-stop source for all real estate information and consumer research for properties throughout our Valley Cities and community information.

Tuesday, December 04, 2007

City of Scottsdale New Downtown Parking Garage Now Open.

The new SouthBridge underground parking garage is now open.

The garage has over 300 parking spaces, is open 24 hours a day and is free. The garage is located underneath the 7114 E. Stetson Drive building, which houses the new FOODBAR restaurant. Access to the parking garage is on Stetson Drive just north of 5th Avenue.

For more information call the Downtown Scottsdale Group office at (480) 312-7750.

This Blog is brought to you by the 777Team. The 777Team specializes in Scottsdale Luxury homes, investment properties, Scottsdale real estate, Phoenix real estate, or real estate in any of the surrounding Valley Cities, such as Paradise Valley, Pinnacle Peak, Tempe, Chandler, Mesa, Cave Creek, Carefree, Glendale, Peoria and others. Buyers, Sellers or Investors are encouraged to visit the 777Team's website at www.e-Scottsdale.com as it is designed to be a one-stop source for all real estate information and consumer research for properties throughout our Valley Cities and community information.