777Team BLOG, Media & Real Estate TV Channel

Phoenix/Scottsdale Speed Reading Class - Sat. July 9th

2011-06-30T08:30:00.000-07:00

Date: Saturday, July 9, 2011

Time: 10:00 AM

Venue: Hyatt Place Scottsdale Old Town, Scottsdale, AZ

Iris Reading Program Comprehensive Speed Reading Course After completing the comprehensive course, you will be reading 2-5 times faster with solid comprehension. We'll also show you how to remember more of what you read. During the course, we also… moreIris Reading Program Comprehensive Speed Reading Course After completing the comprehensive course, you will be reading 2-5 times faster with solid comprehension. We'll also show you how to remember more of what you read. During the course, we also demonstrate various tools that can be used in both personal and business reading that can make a significant impact on productivity. For more information, please go to www.irisreading.com. Be sure to check out our "Productivity Blog" and Free Webinar schedule at http://www.irisreading.com/webinars . The class will cover: Drills to Improve Reading Speed Strategies to Improve Comprehension Reading Faster on the Computer Screen How to Improve Concentration How to Remember More of What You Read How to Read Technical Material.

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.

Are you signed up for Summer Reading?

2011-06-09T03:10:00.000-07:00

Scottsdale Library’s summer reading program is officially underway! The best part about our summer reading program is that there is something for the entire family! From birth to 100 years old, we have a program for every person, no matter their age.

Birth to Age 3:
Sign your little ones up and complete 12 of 16 activities to receive a copy of an Eensy Weensy nursery rhyme book!

Birth to Age 12:
Read! Play! Win! at the library! Read or complete activities and score a reading home run. You will receive a voucher for a free ticket to a Diamondbacks game when you sign up for the program, and more super cool prizes as you complete the program!

Ages 12 – 18:
You are here! Stop into the library or visit wired2go.net to start earning your prizes! Complete the program to win dinner at Chipotle and a chance for gift cards up to $150, or one of two Flip cams!

Ages 18 – 100:
Scottsdale Reads! Sign up today and complete six activities to get a free Scottsdale Library book bag, as well as be entered to win a two night stay at the Marriott Courtyard located at Frank Lloyd Wright and Bell Road in north Scottsdale!

All of these programs end on July 30th, so sign up today!

Community Message: “I Have a Bright Future” campaign presentation on April 13

2011-04-07T09:45:00.000-07:00

Community Message has been issued by the Scottsdale Police Department.

“I Have a Bright Future” campaign presentation on April 13 from 6-7 pm in the DMHS Auditorium.

Community Bridges, Inc (CBI), in conjunction with the Scottsdale School District and Police Department, presents “I Have a Bright Future,” a campaign to empower parents and support our kids. Stephanie Siete, Director of Community Education for CBI, is an engaging speaker who will be discussing key choices made by students in their developmental stage regarding substance abuse and other high risk behaviors. This presentation is for parents of school aged children from the Desert Mountain HS Complex and its feeder schools (Mountainside Middle, Cheyenne Traditional, Desert Canyon MS/Elem, Anasazi Elementary, Redfield Elementary, and Laguna Elementary. The first 100 families in attendance will receive a resource bracelet that is pre-loaded with prevention materials on the USB thumb drive. Please support this very important program by attending on April 13 from 6-7pm in the DMHS Auditorium, 12575 E. Via Linda. With more and more kids experimenting with drugs at earlier ages, it is vitally important that we as a community educate ourselves on the dangers our kids face. See you there!

For full details, go to https://local.nixle.com/alert/4675491/?sub_id=109501.

Contact Information:
Officer Rob Katzaroff
SPD - School Resource Officer rkatzaroff@scottsdaleaz.gov

SPD Hosting a Shredding Event Thursday Apr. 7

2011-04-04T11:02:00.000-07:00

Community Message has been issued by the Scottsdale Police Department.

Monday April 4, 2011 10:42 AM MST

SPD Hosting a Shredding Event Thursday, April 7th, from 8-11 am at Scottsdale Bible Church, 7601 E. Shea.

The Scottsdale Police Department is hosting a Shredding Event on Thursday, April 7th from 8:00 am until 11:00 am (or until the truck is full). The Event will take place at Scottsdale Bible Church, 7601 E. Shea Blvd.
Come to the south/rear parking lot and shred personal and business documents to keep your information out of the hands of criminals. A suggested $2.00 per box donation will be accepted for POSA Outreach to support children’s programs and crime prevention.
For more information please contact Officer Jason Glenn at 480-312-8802 or email at jglenn@scottsdaleaz.gov.

For full details, go to https://local.nixle.com/alert/4674129/?sub_id=109501.

Contact Information:
Officer Jason Glenn
SPD - Crime Prevention Office jglenn@scottsdaleaz.gov

Join Scottsdale Fire Dept for Wildland in the Park event this Sunday from 11a-2p at Rio Montana Park (11160 N 132nd St).

2011-03-29T10:52:00.000-07:00

Join us for Wildland in the Park event this Sunday from 11a-2p at Rio Montana Park (11160 N 132nd St).

Scottsdale Fire Department will host the inaugural Wildland in the Park from 11 a.m. to 2 p.m., Sunday, April 3, at the Rio Montana Park and Fire Station (11160 N. 132nd Street, Scottsdale).

Wildland in the Park is a new, family-friendly event that will educate residents about common issues found in urban interface areas, where homes and businesses are built into the natural desert environment. Some of the common issues unique to these areas include brush fires, desert wildlife, invasive plants and hiking safety.

Scottsdale Fire Department will offer interactive exhibits including wildland firefighting apparatus such as the brush truck, tanker and a specially equipped off-road vehicle, along with personal protective equipment (PPE) and tools. Children will also have the opportunity to participate in fire exit drills and learn more about fire and injury prevention.

Liberty Wildlife, a non-profit organization that rehabilitates native wildlife, will provide a variety of exhibits, such as snakes, desert turtles and a Gila monster, along with educational materials.

Additional information from the McDowell Sonoran Conservancy on local hiking trails, invasive plants, and wildfire prevention will also be available.

For information, visit www.ScottsdaleFD.com or call (480) 312-8000.

For full details, go to https://local.nixle.com/alert/4671863/?sub_id=109501.

Contact Information:
Tiffani Nichols
Fire Department
480-312-8000 tnichols@scottsdaleaz.gov

Scottsdale Police & Fire Dept hosting Public Safety Fair

2011-03-22T11:17:00.001-07:00

These guys are great.

The City of Scottsdale is hosting a Public Safety Fair Saturday 10am-1pm at Coronado High School. 480-312-0275.

Join the Scottsdale Police and Fire Departments for a Public Safety Fair. The Fair will take place on Saturday, March 26th from 10:00 AM to 1:00 PM at Coronado High School (2400 N. Miller Rd.)
The Public Safety Fair will offer display and resource tables representing various units of the police and fire departments along with other divisions from the City. There will be child car seat inspections, child fingerprinting, and drug collection for destruction. Document shredding will also be available with a suggested donation of $2 per box which will go to support children’s programs and crime prevention.
There will be complimentary hotdogs donated by Sunflower Market. Other supporters include Cintas and State Farm Insurance (Joy Estes-Agent).
For more information please contact Crime Prevention Officer, Jen Wattier at 480-312-0275 or email at jwattier@scottsdaleaz.gov.

For full details, go to https://local.nixle.com/alert/4669169/?sub_id=109501.

Contact Information:
Officer Jen Wattier
SPD - Crime Prevention Office
480-312-0275 jwattier@scottsdaleaz.gov

Share some thoughts!

2009-12-16T11:55:00.002-07:00

I think he's a good guy. Thoughts? http://ping.fm/qu60S

The Fantasy of Lights Boat Parade.

2009-12-03T13:02:00.003-07:00

Make sure to take the kids ... THE FANTASY OF LIGHTS BOAT PARADE. http://ping.fm/lKyEg

Annual Holiday Concert (November 30th)

2009-11-29T18:18:00.002-07:00

Here is some good and free entertainment for you. Annual Holiday Concert by the Tempe Symphony Orchestra (Nov. 30) http://bit.ly/70hTm2

The New Homeowners Tax Credit: Details

2009-11-27T19:22:00.002-07:00

Read all the details of the new homeowners tax credit. You still qualify if you lived 5 or the prior 8 years in your house. http://ping.fm/fPiIP

Home Owners Tax Credit: What you need to know.

2009-11-26T09:46:00.002-07:00

Home Owners Tax Credit: What you need to know to get up to $6,500 credit. http://bit.ly/56mD6l

Tax Credits for Replacing Your Roof

2009-11-25T08:14:00.002-07:00

777HomeTips Series - Tax Credits for Replacing Your Roof. Uncle Sam is ready to help you. http://bit.ly/78tD7j

Tax Credits for Replacing Heating and Cooling Systems

2009-11-24T14:39:00.002-07:00

777HomeTips Series - Tax Credits for Replacing Heating and Cooling Systems http://bit.ly/8QXwNC

Computer-Blaster e-Book Helps Your Computer Run Smoothly

2009-11-23T10:04:00.000-07:00

Having been in the computer business all of my adult life and being one of those individuals that gets calls from friends and family when something goes wrong with their computers, I decided to write this eBook to provide some basic help to everyone.

It is impossible to write a manual that covers all possible issues with computers, but think of it as “preventive” maintenance. Spend 5 minutes doing some basic tasks and save yourself a lot of grief later.

This eBook also covers some basic “commonsense” issues, such as what kinds of emails you are receiving and what to do with them.

I hope you enjoy a smooth running computer after you start following these suggestions. Make sure to send us any suggestions if there are any topics you would like to see covered in future editions of the Computer-Blaster e-Book.

Click to read more about Computer-Blaster

Computer Blaster Fundamentals for keeping your computer running smoothly

2009-11-22T23:25:00.000-07:00

Computer-Blaster has landed. Yes ... it's here. This e-Book is the key for keeping your computer healthy. http://bit.ly/6Oxle3

Save the Life of a Loved One!

2009-11-20T10:10:00.002-07:00

Learn how to save the life of a loved one - sponsored by the Scottsdale Fire Dept. http://ping.fm/dqWoI

Breakfast with Scottsdale Fire Department!

2009-11-16T15:55:00.002-07:00

Pancakes for breakfast with the Scottsdale Fire Dept. Please try to make it and support our friends. http://ping.fm/oM7Xr

Wells Fargo History Museum

2009-11-14T09:40:00.000-07:00

From 1858 on the stagecoaches of the Butterfield Line, through wild days at Tombstone, to extensive railroad service to the mines, Wells Fargo's history in Arizona is classic western history.

The museum includes an art gallery with the largest public display of illustrator N.C. Wyeth's western paintings.

Exhibits include a baseball-size gold nugget, an authentic Wells Fargo stagecoach and reproductions of a gold mine, railroad depot and express office will bring the Old West to life in Wells Fargo's newest museum.

Check it out and take the kids. http://bit.ly/WyZpC

13th Annual “Hidden in the Hills” Artist Studio Tour.

2009-11-13T21:56:00.002-07:00

13th Annual “Hidden in the Hills” Artist Studio Tour. Sonoran Arts League. It's fun abd it's FREE. http://bit.ly/1onEBY

Is Your Computer Slowing You Down?

2009-11-13T21:42:00.002-07:00

Computer running slow? Read performance tips, get advice, learn tips from the experts, purchase clean-up software. http://bit.ly/777Comp

Try the Secrets of Home Made PIZZA!

2009-11-13T17:29:00.002-07:00

I used to make home made pizza 10 years ago. Learn the secrets, it's easy.

No need to spend money spent at the Pizza places. It's easy, fast, and tastes better ... yummyyyyy!

http://bit.ly/777Cook

Having Challenges Qualifying For a Mortgage ?

2009-11-12T23:36:00.002-07:00

Qualifying for a mortgage challenges? We may have a good solution for you. Click the link http://bit.ly/lpurch

Scottsdale Art Walk

2009-11-12T09:16:00.002-07:00

Art Walk - Scottsdale AZ It's fun, it's free, great outing with friends or family. http://bit.ly/4ffgxe

CAUTION! They Are Pretending To Be MSN/HOTMAIL (fraudulent email)

2009-11-08T10:25:00.002-07:00

Just received a real-looking email from MSN/Hotmail asking me to update billing details. Careful! It's a fraudulent email. DO NOT REPLY.

Tax Credit for Homebuyers Gets 7-month Extension

2009-11-05T12:56:00.004-07:00

House approves jobless benefits and extension of $8K tax credit to first-time buyer's ($6.5K to some existing owners) http://bit.ly/3S1z1B

Jobless Benefits, Home-buyer Tax Credit clear Senate.

2009-11-04T20:14:00.002-07:00

Jobless Benefits, Home-buyer Tax Credit clear Senate. http://bit.ly/zR2nW

He Show Up At His Own Funeral!

2009-11-04T15:55:00.001-07:00

Some stories are really amazing. This guy actually shows up at his own funeral. http://bit.ly/20s7v4

Report: First-time Homebuyers $8,000 tax credit and more ...

2009-11-04T11:09:00.002-07:00

The latest report on $8,000 first-time homebuyers, repeat homebuyers and Unemployment Benefits extension. http://bit.ly/3WE14d

Good-bye East Valley Tribune!

2009-11-03T12:00:00.002-07:00

The power of the Internet. Good-bye East Valley Tribune. http://bit.ly/5qzbj

Homeowners-Buyers Tax Credit - Monday Nov. 2nd Update.

2009-11-02T15:57:00.002-07:00

Homeowners Tax Credit - I believe we're close. http://bit.ly/1vDxP8

NO QUALIFY Home Ownership Program!

2009-11-01T10:26:00.000-07:00

Planning to purchase a home? Finding it difficult to find a good loan program?

Today's mortgage restrictions often make it difficult to be able to qualify for a loan, to get a good loan with a reasonable down payment and/or a good interest rate.

If you have 10% for a down payment and are having challenges getting the right loan call us to discuss your options.

With a Lease-Purchase, Contract-for-Deed or Land Trust transaction and seller-financing, Buyers and Sellers can accomplish their objectives while protecting their respective investments. All transactions are based on mutually agreeable Buyer and Seller terms.

FOR A LIST OF AVAILABLE HOMES IN YOUR AREA, call the 777Team 480-661-7775 or email us at info@e-Scottsdale.com for further details.

Note: Any area, any price range. Program applies only to owner-occupied primary residences. In some cases Seller's lender approval may be required.

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.

Happy Halloween!

2009-10-31T15:28:00.002-07:00

Happy Halloween everyone. Don't eat too much of that candy, now!

2009-10-29T16:15:00.001-07:00

Homeowners Tax Credit - It looks like we are close ... http://bit.ly/3tAChv

More on Homeowners Tax Credit.

2009-10-28T16:13:00.002-07:00

More on Homeowners Tax Credit. Not just for 1st time Buyers? Continue to stay tuned ... http://bit.ly/3cB0J1

Homeowners Tax Credit. Good News ???

2009-10-28T14:00:00.002-07:00

Homeowners Tax Credit - Not sure yet what is all means - Good News? Stay tuned ... ... http://bit.ly/3ZxWHa

No Qualify Home Ownership Program!

2009-10-28T13:41:00.002-07:00

No Qualify Home Ownership Program - Give us a call! - http://bit.ly/2pizkv

I knew there were reasons why I drink so much coffee.

2009-10-28T08:46:00.002-07:00

Over 100 Facts and Reasons to Drink More Coffee! http://bit.ly/3OJGvx

Home Prices Rise For Third Straight Month

2009-10-28T07:33:00.002-07:00

Home prices rise for third straight month - http://TwitPWR.com/vEF/

Via KPicarello on Tweeter

Having Trouble With Office 2007 Files ?

2009-10-27T21:25:00.002-07:00

WORD/EXCEL ALERT: If you are having trouble reading/writing Office 2007 files, click the link and install the compatibility pack http://bit.ly/4dzz7k

Home Buyers Are Returning!

2009-10-26T22:23:00.002-07:00

I said it before ... slowly but surely ... Home Buyers are returning ... http://bit.ly/4f8VSQ

Let's Have Fun With The Guys/Gals That Keep Us Safe!

2009-10-26T10:32:00.002-07:00

Scottsdale AZ Police Notification http://ping.fm/JXmLk

No Qualify Home Ownership Program!

2009-10-25T10:30:00.002-07:00

Check our innovative No Qualify program. Let's work together http://bit.ly/nIshj

Have you upgraded to Windows 7?

2009-10-25T08:51:00.001-07:00

I would love to know if anyone had problems updating to Windows 7. Please let me know.

Join us at the Scottsdale Performing Arts Center

2009-09-08T09:37:00.000-07:00

September 11th has been officially proclaimed as a "National Day of Service and Remembrance" in a bipartisan effort to recreate the unity of our country following the horrific events of 9/11. The Civic Center in Scottsdale will be the first tribute in the country to focus on all this through an event entitled "Arizona 9/11 Remembrance and National Day of Service Event".

Bring yourself and family to experience this very memorable tribute and invitation to make a difference in your community and country. Featured displays at the Scottsdale Civic Center on September 10th-13th will be:

1. The first ever 9/11 Memorial Wall of all the victims names, and photos. (Bring your tissues)

2. The stunning National Unity Flag - which has been signed by the entire U.S. Senate and is considered one of the most photographed flags in the history of our country. (Bring the camera)

3. A historical and educational display of each individual state flag of our nation. (Bring the kids)

4. Service Organizations who make Arizona a better place. (Bring your gratitude)

Given the magnitude of the tragedy of eight years ago, it seems fitting that all Americans take the time to pay tribute to those who sacrificed so very much. As an American we invite ALL Americans to visit the Scottsdale Civic Center and Performing Arts Center for a very moving, memorable, and unifying experience.

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.

Slowly but Surely: Real Estate Recovery

2009-09-05T16:57:00.000-07:00

Prices Rise 7% Nationwide, Says Clear Capital
By AUSTIN KILGORE
September 2, 2009 11:01 PM CST

National home prices increased 7.3% and the saturation of real estate owned (REO) properties also declined three percentage points to 30.1% over the past four months compared to the previous three.

The so-called “rolling quarter” is the backbone of the Clear Capital Home Data Index Market Report. Clear Capital said its method eliminates the lag time between the end of a reporting period and the compilation of data.

“The price changes in this month’s highest and lowest performing markets lists speak to the extremely positive summer home buying season—more than what can be attributed to seasonality,” Clear Capital president Kevin Marshall said in a statement.

All four regions in Clear Capital’s report experienced gains, led by a 16.4% increase in prices in the Midwest, a 5.7% increase in the South, 5.4% in the Northeast and 3% in the West.

Marshall said he anticipates more REO properties to hit the market later in the year, the momentum built during the summer could carry over into the winter months.

“Buyers are getting nervous that they are missing the bottom of the market, so they’re choosing to get in the market now. These factors greatly increase the chances of a springtime recovery next year,” he said.

3861 N Pinnacle Hills Mesa AZ 85207

2009-01-11T09:45:00.005-07:00

Don't miss this opportunity to buy a lovely home in a million dollar-plus subdivision for below 800k.

Beautifully crafted Tuscan/Southwest home situated on 3/4 acre lot in Pinnacle Hills Subdivision at Las Sendas, built in 2003. There is an additional ~3,500 sq. ft. of building envelop to add a casita or expand your backyard.

Four large bedrooms (or 3+Den), Master Bedr Sitting/Study Room, Great Room, multiple fireplaces, entertainment yard, sensational views, two built in BBQ areas, quiet cul-de-sac in a gated subdivision. Perfect home for entertaining.

Single level split floor plan and unique and open kitchen with large eating area, plus a spacious 3-car garage with separate storage area. Enjoy all Las Sendas amenities including Trailhead Members Club, award winning schools, trails, pools, tennis, picnic areas, security, and more.

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.

Foreclosed homes: Dream or Nightmare?

2008-07-12T10:29:00.001-07:00

As the number of foreclosed houses in the Valley grows, potential buyers need to remember a simple message.

A foreclosed property is always sold - "as is".

Banks and financial institutions that now own the property have no knowledge of the history of the house.

You have to make sure you inspect the home and all its systems such as A/C, pool, water, everything.

Some foreclosed homes are in excellent condition and some are totally destroyed and in need of significant repairs. This is not necessarily bad, homes can be repaired, systems can be replaced, but you need to know it before you undertake any purchase.

Research should extend beyond home inspections. Location and specific neighborhood details are also important.

Our advice - make sure you get assistance from a "qualified" real estate professional.

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.

9681 E Poinsettia Scottsdale AZ La Cienega

2008-06-06T23:58:00.008-07:00

Magnificent Santa Barbara style luxury Home in the La Cienega Subdivision.

True one-of-a-kind, exquisitely designed & remodeled, Santa Barbara style home.

The large backyard includes a heated Pool with two rock waterfall features, expanded grass areas and an 889 sq. ft. covered entertainment patio with gas fireplace and built-in BBQ.

Some of the features include formal Dining & Living Room with elegant coffered ceilings, Guest Quarters w/private entrance, Library/Den/Office, Chef’s Kitchen, Family Room with custom wet-bar, four gas fireplaces, fire sprinklers, dual zone A/C system, energy efficient dual-pane windows, sound, intercom, alarm, etc. Many more amenities and features you would expect in a fine luxury custom home (see MovieWalk(c)).

3208 N Ladera Circle, Las Sendas Mesa AZ

2008-06-06T23:40:00.005-07:00

Magnificent true Hacienda-style Custom Home in Las Sendas Golf Subdivision.

True one-of-a-kind Hacienda-style home. (Click here for Video Tour)

Large center Courtyard includes Pool, Spa & entertainment yard w/full BBQ area. Some of the features include Theater Room, Exercise Room, Game Room, separate Guest Quarters, Library/Den/Office w/private entrance, Panoramic Deck w/breathtaking views, fire sprinklers, computerized home w/lighting, A/C, sound, alarm, etc.

Many more amenities and features you would expect in a fine luxury custom home (see website detailed descriptions).

FREE SCOTTSDALE DOWNTOWN TROLLEY TO ACCOMMODATE SUPER BOWL RELATED EVENTS (JAN. 28 - FEB. 3)

2008-01-28T20:37:00.000-07:00

The City of Scottsdale Arizona will provide a Downtown perimeter trolley route for Super Bowl Week (starting Monday, Jan. 28 through Sunday, Feb. 3).

The Downtown perimeter trolley route will replace the current trolley route for this week only and will provide extended service until 3 a.m. on Friday, Feb. 1 and Saturday, Feb. 2 when many of the Super Bowl related events are occurring. The perimeter route provides easy access and drop off points for hotel shuttles to connect with the trolley.

Four park and ride lots will be available for visitors with cars to access Downtown. These lots will help reduce congestion Downtown and make it more convenient for visitors who are unfamiliar with the area.

A Super Bowl trolley map is available on the City's Super Bowl Web page at:
http://www.scottsdaleaz.gov/events/sb2008.asp

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.

SCOTTSDALE BUSINESS ACTIVITY UPDATE

2008-01-01T17:11:00.000-07:00

** On year-to-year basis, the median home price for the Valley dipped to $240,000 in November compared with $259,000 in November 2006, a drop of 7.9 percent, the lowest monthly median since May 2005.

In Scottsdale the median price declined 13.5 percent to $544,645 from November 2007 to November 2006. Median prices for Scottsdale over the past two years have fluctuated from a high of $640,000 in June 2006 to $535,000 in September 2007.

The national median existing-home price for all housing types was $207,800 for October, down 5.1 percent from October 2006.

** In 2007, 22 restaurants in Scottsdale were selected to receive Wine Spectators 'Award of Excellence' for their wine lists.

** Scottsdale-based Alanco Technologies, Inc. recently announced its subsidiary was awarded a pilot contract to demonstrate a new system at a high security government facility to monitor water contaminants and radioactive materials. A solar power feature allows the units to be located virtually anywhere on earth.

The new remote monitoring system is capable of continuously sampling a wide variety of environmental variables and transmitting data to a central monitoring authority at a lower cost compared to current sampling and transport practices for remote locations.

** Grunberg Realty in New York City paid $54 million, or $215 per sqare foot for the Scottsdale Executive Office Park, a 251,588-sf complex located at Via de Ventura and Hayden Road. The seller bought the property in March 2006 for $47.93 million from a private investor who had acquired it six months earlier for $37 million.

** Scottsdale-based Five Star Development is developing a 'green center' in El Paso, Texas. The 2.1 million-sf mixed use development is considered by Five Star to be a prototype for other green/LEED certified developments.

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.

ARIZONA BUSINESS CONDITIONS INDEX CLIMBS BACK ABOVE 50

2008-01-01T17:06:00.000-07:00

The seasonally adjusted Arizona Business Conditions Index rose to 53.8 in October from 48.2 last month, an 11.5 percent increase.

An Arizona Business Conditions Index reading of over 50 indicates that the local economy is growing, while a reading below 50 suggests a slowdown in the overall level of economic activity in the near term.

After dipping below the critical 50-mark in September, the index recovered above the 50-mark in November, a high enough figure to abate any worries about a deep impending recession, although the reading was hardly a strong statement on the current local economy.

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.

DOWNTOWN SCOTTSDALE TO HOST TWO MAJOR SUPER BOWL NETWORK BROADCASTS

2007-12-17T15:04:00.000-07:00

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.

Freddie Mac: Mortgage rates slip to near 2005 levels

2007-12-06T08:37:00.000-07:00

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.

City of Scottsdale New Downtown Parking Garage Now Open.

2007-12-04T10:49:00.000-07:00

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.

WATER TREATMENT PLANT EARNS SCOTTSDALE "CROWN COMMUNITY" AWARD.

2007-11-26T15:21:00.000-07:00

Scottsdale was recently presented the 2007 America's Crown Community award for the Chaparral Water Treatment Plant by American City & County magazine. The award recognizes the extra steps local governments take that have lasting effects on residents, businesses and the environment. Projects are judged based on their uniqueness, short- and long-term value to the community and effective/innovative financing. Scottsdale is one of only six cities to receive the award this year.

The Chaparral Water Treatment Plant won as a result of its innovation and its benefit to the community. The plant, which produces 30-million-gallons-a-day, sits on a nine-acre site and is a technical marvel. A conventional plant of this production capacity would have required a footprint two to three times larger. Instead, the city used state-of-the-art membrane technology to compress the footprint of the plant leaving room to extend nearby Chaparral Park with additional amenities, such as an off-leash area.

The design of the plant also allows it to connect the adjacent neighborhood to the park, rather than separate the two spaces. In addition, the plant also serves an educational purpose because it offers a Xeriscape demonstration garden where residents and park visitors can learn about low-water use landscape.

The award was presented to the city on Nov. 15 as part of a special awards ceremony at the annual National League of Cities convention held in New Orleans, Louisiana.

For more information on American City & County magazine visit http://americancityandcounty.com For more information on Scottsdale water quality and conservation, visit: http://www.scottsdaleaz.gov/water.asp

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.

Scottsdale - 85262

2007-11-26T12:29:00.000-07:00

This upscale north Scottsdale ZIP code posted the third-biggest increase in the Valley.

This area is second only to Paradise Valley for metropolitan Phoenix's priciest homes.

The increase: The ZIP posted a 13 percent increase in median home prices this year. Most of the price increase came from existing home sales in golf communities such as DC Ranch. And while prices climbed here, Paradise Valley experienced a 5.6 percent drop.

Median price: The jump pushed the median home price above $1 million for the first time.

The ZIP code, north of Bell Road next to the McDowell Mountains, had fewer than 50 new homes go up. The Loop 101 has helped this neighborhood as well as the rest of north Scottsdale grow.

Communities in this ZIP code draw second-home buyers as well as Valley executives. Several big firms have moved their corporate headquarters to the Scottsdale Airpark during the past few years.

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.

COZY TOWNHOUSE @ PEPPER RIDGE

2007-11-20T14:00:00.001-07:00

On-going OPEN HOUSES. Please check schedule at calendar.e-Scottsdale.com

Great location, Ideal First Home or Investment. $182,477.00

Great first home or rental property. Features include 2 bedrooms, 1 bath, family room with separate eating area, laundry room, large inside storage closet w/shelving and full size 2-car garage.

Master bedroom also includes patio doors as a separate backyard exit to the covered patio. New dishwasher, home warranty included. Two community pools, large green belt for children/pets and close to all major shopping, SR51 and Loop-101 freeways.

For further details and pictures, visit the property's web site at http://www.house8622.com/

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.

CITY OF SCOTTSDALE-UNPAVED ROADS AND DUST CONTROL TOPIC OF NOV. 28 MEETING.

2007-11-20T09:39:00.000-07:00

Scottsdale's Environmental Quality Advisory Board hosts a meeting to discuss unpaved roads and dust control at 7 p.m. Nov. 28 at Sonoran Trails Middle School, 5555 E. Pinnacle Vista Drive, Phoenix. The meeting is being held at a Phoenix location because it's the closest facility for residents living in the affected area. Advisory board members will moderate the meeting, solicit citizen input and make recommendations to the Mayor and City Council.

Representatives from the Arizona Department of Environmental Quality, Maricopa County and the city will discuss new federal, state and county regulations and how they affect Scottsdale.

To learn more about this issue, visit http://www.ScottsdaleAZ.gov/airquality/dustcontrol.asp

Those who cannot attend the meeting can still comment. Here's how: E-mail comments to lperson@ScottsdaleAZ.gov Mail comments to Larry Person, Senior Environmental Coordinator, City of Scottsdale, 7506 E. Indian School Road, Scottsdale, Ariz. 85251

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.

Mortgage rates hold below year-ago levels

2007-11-15T09:28:00.000-07:00

Mortgage rates were mostly flat in the week ending Thursday, as mixed economic news kept rate movements in check, Freddie Mac said.

The national average interest rate on the benchmark 30-year fixed mortgage was 6.24%, unchanged from last week. The mortgage carried that same interest rate a year ago and is at its lowest point since May 17. One-year Treasury-indexed adjustable-rate loans were also unchanged at 5.50%.

The 15-year fixed-rate mortgage averaged 5.88%, down from 5.90% a week ago. Last year at this time the loan averaged 5.94%. The five-year, Treasury-indexed hybrid mortgage rose to 5.96% from 5.89%. A year ago that loan averaged 6.04%.

The two fixed-rate loans and the hybrid mortgage required the payment of an average 0.4 point to achieve the rate; the ARM needed 0.5 point. A point is 1% of the loan amount, charged as prepaid interest.

"Higher productivity growth in the third quarter coupled with a larger-than-expected decline in consumer confidence in November sent mixed signals to the current state of the economy," said Frank Nothaft, Freddie Mac chief economist. "As a result, there were no definite upward or downward pressures on mortgage rates this week."

"On a positive note, the National Association of Realtors reported this week an unexpected 0.2 percent gain in September's pending home sales index, which suggests less of a decline in existing home sales for October and November. That said, however, it should be noted the index is still 24% below that in December 2006."

Source: Steve Kerch, 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.

FARMER'S MARKET RETURNS TO DOWNTOWN SCOTTSDALE STARTING NOV. 17.

2007-11-12T17:18:00.000-07:00

The Downtown Historic Fifth Avenue Merchants will be hosting a Saturday Farmer's Market from 10 a.m. to 2 p.m. through May, 2008.

The market will feature fresh and seasonal produce, herbs, plans, specialty foods, wines, fine crafts and music. The Fifth Avenue Farmer's Market will also be available Thursday evenings from 3 to 7 p.m. from November 29, 2007 through April 2008.

For more information visit: http://arizonafarmersmarkets.com

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.

City of Scottsdale Community Design Studio Lecture Series

2007-11-12T17:09:00.000-07:00

Fall/Winter Lecture Series Underway.

Scottsdale's Community Design Studio, in collaboration with the ASU School of Design and Phoenix Urban Research Laboratory, is hosting a series of free community lectures to explore issues related to design, architecture, economics and sustainability. Attendees are encouraged to RSVP by calling (480) 312-2647.

Thursday, December 6 - Ann Markusen, Artist Centers - the evolution and impact on careers, neighborhoods and economies, from 6 to 7:30 p.m. in Room 2 of the Granite Reef Senior Center, 1700 N. Granite Reef Rd.For more information on Scottsdale's Community Design Studio go to:

http://www.scottsdaleaz.gov/bldgresources/planning/lectures.asp

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.

18043 N 24th Pl Phoenix AZ 85032

2007-11-12T15:09:00.000-07:00

Spacious Townhouse @ Pepper Ridge Subdivision. This lovely townhouse is located near all major shopping, SR51 and Loop-101 freeways.

Click here to view property's web site www.house8622.com

Click here to view property's VideoWalk(c) @ 777 Real Estate TV

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.

A New Measure of the Housing Market

2007-11-02T17:35:00.000-07:00

It could be the perfect investment instrument, at least for these times.

With housing markets roiling and tumbling across the country, debt markets in a tense and fragile holding pattern, and nervous but plentiful global capital waiting on the sidelines, a former investment banker, in partnership with some powerful investment banks and a rocket scientist, is preparing to launch the latest in real estate indexes in an attempt to break open the derivative market for residential property. It might actually work.

The Residential Property Index, or RPX, a creation of Radar Logic, will track owner-occupied housing in 25 metropolitan statistical areas (MSAs) nationwide. That's nothing new. What is new is that RPX will update its numbers daily, and, unlike other indexes, it will reflect about as simple a metric as real estate has to offer: price per square foot.

The data used by RPX will be drawn from public sources and will be provided in one-, seven- and 28-day snapshots for each MSA, along with a composite of all 25 cities. Although a beta version of the 28-day cycle can already be viewed at www.radarlogic.com, trading isn't expected to begin until September. That's when broker/dealers that have already licensed the index, including Morgan Stanley (nyse: MS - news - people ), Merrill Lynch (nyse: MER - news - people ) and Lehman Brothers (nyse: LEH - news - people ), will begin offering it to their institutional clients.

Radar Logic was founded more than three years ago by Michael Feder, a former Credit Suisse managing director. Feder says he initially "set out to solve the problem of enabling capital markets participants to trade values in markets that were large but not commodity-like"--in short, to create "a steady stream of spot price data." He also calls it a "surrogate" spot market for housing.

A reliable price benchmark has been a holy grail for real estate buyers and sellers, especially since transparency in real estate transactions began to creep into the marketplace in the early 1990s, with REITs and securitized mortgages requiring more accurate reporting. (In commercial real estate, the growth of the REIT market was just one embodiment of this trend over the past 15 years, and the return of REIT-owned properties to the private markets has caused some concern over the loss of transparency.)

In order to set the stage for what he calls "participation in value away from asset ownership," Feder and his partners have built a model that he says is "proprietary but not secret." Broker/dealers will not be allowed exclusive use of the information, he says. Thus, any partner that creates a new index based on RPX data--for example, one based on high-flying markets like New York, Los Angeles and San Francisco--will have to make that index available to other investment managers.

In light of the current housing market malaise, Feder is at pains to point out that RPX is not a market forecasting tool but instead offers a "following perspective." It is posted nine weeks, or 63 days, after closings have been recorded. The index will reflect "actual closing values from transactions involving homes, not securities."

Just how big is the market? Big, Feder believes. The Federal Reserve estimates the value of owner-occupied real estate in the entire U.S. at just over $22 trillion. In the 25 cities from which the Fed gets data, there is $13 trillion in value, with just under $2 trillion in annual turnover.
"Our expectation," says Feder, "is that if the capital markets want to trade equity value, this is likely to be a very large market."

He may not be far off. Robert F. Dall, a Wall Street veteran involved in the inception of the commercial mortgage-backed securities market, thinks the new vehicle will catch on. "There should be a lot of trading in that index," he says.

That's certainly what Feder & Co. hope for as they bring their creation up against existing vehicles like the Standard & Poor Case-Schiller home price index, the current industry standard for residential real estate pricing. Case-Schiller is thinly traded, primarily on the Chicago Mercantile Exchange (nyse: CME - news - people ). Feder says that his index will reflect more information, including sales of new single-family homes and condominiums, and the sales of homes out of foreclosure.

"Case-Schiller is an econometric Index," he says. "Ours is a spot price index reflecting every arm's-length transaction" in the markets it covers.

The mathematical wizardry behind the RPX formula comes from Ventana Systems, a Massachusetts-based designer of dynamic systems whose clients include NASA.

To select the MSAs for RPX, Radar Logic considered the top 50 U.S. cities with estimated residential values (according to U.S. Census data) of $1 trillion or more.

"The top 35 capture a huge majority of the value," says Feder, noting that some states employ nondisclosure laws that prevent the collection of accurate data. One of those state is Texas, where, he says, all property sales are recorded with a residential value of one dollar
Another partner in Radar Logic's growth is Jonathan Miller, the CEO of Miller Samuel, a leading New York residential appraisal firm. Miller will provide research related to the RPX data.

Along with predicting that more MSAs will be added to RPX in the future, Feder also hopes to develop an index for the commercial property industry. It may not have the total volume that the residential market offers, but numerous derivative products have already been launched or are in development. And that price per square foot metric is, if anything, even closer to the valuation question of commercial property.

That suits Feder fine. "A trade is a trade," he says, "and a market is a market."

Source: Peter Slatin, Forbes/Slatin Real Estate Report

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.

Permits dip helps balance supply

2007-10-30T08:03:00.000-07:00

October 28, 2007

Last month's dramatic drop in building permits for homes across metropolitan Phoenix may look like one more piece of bad news for the already struggling real-estate market.

But actually it's a good sign, as long as new-home sales are holding steady. And they are. There were 1,391 single-family permits issued from Casa Grande to north Peoria in September, while new-home sales or closings were more than double permits for the month at 2,991.

The result of the two market indicators should mean fewer speculative-built houses languishing on the market unsold. RL Brown, publisher of the Phoenix Housing Market Letter, estimates there are 6,000 to 8,000 spec homes in the Valley now. That compares with an estimated 15,000 to 20,000 spec homes sitting idle and empty earlier this year.

Still dragging down the market is the number of existing homes for sale. Listings are stillhovering in the mid-50,000s.

Resales continued their slide in September, as did the median price of existing homes sold.
Lower prices are helping the new-home market now. Brown said most Valley builders finally have realized they need to drop prices to sell homes.

Instead of offering the hefty incentives of last year, many builders have cut base prices and are now offering smaller homes with fewer amenities to attract buyers. It appears to be working.
David Seiders, National Association of Home Builders chief economist, said last week that these four areas will be most vulnerable to the subprime-loan fallout: California, coastal Florida,Phoenix and Las Vegas.

The speculator-driven housing boom is to blame. All those areas saw the huge run-ups in prices prompted mainly by speculators, often using subprime loans. Regular home buyers then often had to take out subprime loans to afford the higher prices.

"With many of these mortgages scheduled to reset to higher rates in the remainder of 2007 and through 2008, additional weakness in housing markets is likely," Seiders said.

He said the potential for a vicious cycle of defaults and price declines will depend on the level of exposure to subprime loans, the current house-price environment and the strength of the local economy.

Metro Phoenix is adding more jobs to its economy than Florida and many parts of California, which hopefully will buffer the Valley from some of the subprime-lending fallout.

Atlanta beats Phoenix

Atlanta and Phoenix have been rivals for the distinction of being the top U.S. home-buildingmarket for the past several years. Atlanta has held the title more than Phoenix, particularly in the past year.

But now Atlanta also has Phoenix beat for foreclosures. So far this month, more than $1 billion in homes have fallen into foreclosure in metro Atlanta, according to the data firm Equity Depot.

Metro Phoenix is at a 15-year high for foreclosures, but the value of the properties going into foreclosure last month and during October is well below $1 million.

And the Valley's median home price is $40,000 higher than Atlanta's, so it's not because the Georgia city has pricier foreclosures driving up the total.

Source: Catherine Reagor , The Arizona Republic

4809 E Palo Breo Ln - Tatum Ranch Parcel 2

2007-10-27T12:03:00.000-07:00

OPEN HOUSE *** Sunday October 28th - 1:00pm to 4:30pm

ABSOLUTELY GORGEOUS HOME DRESSED TO THE NINES!

Click here for map & directions

Open Floorplan Custom designed to please with Spacious Bedrooms, Gourmet Kitchen-5Burner Gas Stovetop, Granite Counters, Oversized Double-Ovens, HUGE Pantry (11'x5')to store all those Costco buys! Oversized width & lengthwise epoxied Garage for all your toys! Formal and Casual dining -Granite/Porcelain Tile/Travertine wi granite inserts on Fireplace. ALL ON N/S FACING, HALF-ACRE (21,733SF)CUL-DE-SAC lot with Side-Entry Garage and Double RV Gates for easy access to add that backyard Casita! AWARD WINNING CAVE CREEK SCHOOLS.

MODEL PERFECT AND MOVE-IN READY! lst $400,000 New Financing then Owner will Carry @ int only pmt!

(*) Listing courtesy of John Hall & Assoc., Debra Conlin

New-home sales rise 4.8% in September

2007-10-25T07:41:00.000-07:00

WASHINGTON (MarketWatch) - Sales of new homes rebounded in September from summer sales levels that were much weaker than previously reported, the Commerce Department reported Thursday.

Sales increased 4.8% to a seasonally adjusted annual rate of 770,000 from a revised 735,000 in August, an 11-year low. Previously, August's sales had been reported at a 795,000 pace. Read the full report.

September's sales were slightly higher than the 758,000 pace expected by economists surveyed by MarketWatch. See Economic Calendar.

The three previous months were revised sharply lower, which means the housing market was much weaker in the middle of the year than previous believed, and no one believed it was strong.

"The crash continues," wrote Ian Shepherdson, chief economist for High Frequency Economics. Sales fell at a 35% annualized pace in the third quarter, he said.

The large revisions highlight the low confidence that government statisticians have in the monthly report and the frequent large revisions it undergoes. Longer trends do a better job of showing the reality of the housing market than volatile monthly numbers.

Sales of new homes are down 23.3% in the past year. The sales figures do not account for canceled sales contracts, which have surged in recent months, especially since the seizing up of some mortgage markets. Many buyers are unable to find financing at the rate they want.
Inventories of new homes on the market fell 1.5% to 523,000, representing an 8.3-month supply, down from 9 months in August. The inventory of completed homes continued to rise, however.

New construction on single-family homes has plunged 31% in the past year, according to a separate report released earlier.

Sales rose in two of four regions in September, with sales in the West rising 38% after a 23% drop in August. Sales fell 19.5% in the Midwest to the slowest pace in 16 years. Sales dropped 6.6% in the Northeast and were essentially flat in the South, rising 0.5%.

The median sales price of $238,000 was up 5% compared with a year earlier.

On Wednesday, the National Association of Realtors reported an 8% drop in existing-home sales, while inventories of existing single-family homes rose to a nearly 20-year high. See full story.

The government cautions that its housing data are subject to large sampling and other statistical errors. Large revisions are common. The standard error of 10.3% is so high, in fact, that the government cannot be sure in most months whether sales rose or fell.

It can take up to five months for a trend in sales to emerge. New-home sales have averaged 806,000 per month over the past five months, compared with 833,000 in the five months ending in August.

Home builders have piled on incentives, including offering free vacations and new cars, to sell homes and reduce inventories. Such incentives are not subtracted from the sales price reported to the government.

Sales are reported when a contract is signed, not at the closing of the sale. Home builders have reported a large increase in cancellations in recent months, with some builders reporting that 50% of orders are cancelled. Cancellations are not reflected in the government data, so the reported sales are likely overstated, and inventories are unstated.

In other reports released Thursday, the Commerce Department said orders for durable goods fell 1.7% as demand for defense goods dropped. Outside of defense, orders rose 0.7%. See full story.

The Labor Department said filings for unemployment benefits fell by 8,000 last week to 331,000, while the less-volatile four-week average rose to a seven-week high. See full story.

Source: Rex Nutting, 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.

8738 E Bonnie Rose Scottsdale AZ

2007-10-21T21:12:00.000-07:00

Beautiful 4 bedroom, 2 bathroom ranch in classical old downtown Scottsdale corridor.

This traditional home has been completely remodeled, from floor plan to roof.

View this property's VideoWalk @ 777Real Estate TV.

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.

Staging the sale

2007-10-20T10:23:00.000-07:00

A professional makeover can add sparkle to houses that linger on market.

Gary Kennedy's under-furnished south Phoenix house sat on the market for 50 days with no offers. But instead of lowering the price, like most sellers would do, he hired someone to come in and decorate - adding wall hangings and accessories.

Two weeks later, the house sold for the list price of $255,000.

Houses are taking longer to sell due to the Valley's housing market slump, and staging or giving them temporary new decor has become the strategy of choice for many sellers and investors.

Staging is typically done by professional stagers, interior designers or real estate agents. They may rearrange your furniture, suggest that you repaint, remove worn drapes and reduce clutter, and supplement your décor with accessories. If your house is empty, they'll furnish it.

But staging is more than decorating, certified home stager Bonnie Lewis said. It showcases the home's possibilities, she said. It can make rooms look larger, de-emphasize unusually shaped rooms or dark rooms, and can show buyers how to decorate the space, she said.

"You're setting a mood, and you're showcasing the lifestyle you could lead in this home," said Phoenix interior designer Patti Craze who staged Kennedy's house. "You're trying to have the buyer imagine themselves in the space."

Diane Neslund, a Scottsdale interior designer who also does staging, said that it gives the illusion that you're not desperate to sell your home. "People will think that they had better hurry up and buy it or somebody else will," she said.

The purpose of staging is not just to sell the house but to sell it at an optimum price, Neslund said.

The cost for staging generally is less than the $5,000 or $10,000 first price drop sellers make to entice buyers, said Lewis, who owns Enhanced to Sell with David Bugniazet.

Stagers, who want to see a house before they quote a price, generally base the cost on time, work involved and furnishings. The price, which differs among stagers, typically ranges from $500 to $1,500 for a home that needs minor rearranging to $10,000 or more for an upscale home with full furnishings. Lewis, Neslund and Craze say that staging works on homes priced $250,000 and above.

Realtor Pat Hune, who sold Kennedy's house, said staging isn't the solution for every for-sale home."

If you have a home that's getting no showings, it's a price problem," she said. If it's getting showings but no offers, it's can be a problem with price or the condition of the house, such as under-decorating, she said.

In Kennedy's case, Hune considered lowering the price but instead recommended staging. The redecorating cost $1,500 and added everything that his house didn't have: wall hangings, accessories and other items that made the house look homey."

That was the only difference; I didn't change the house," said Kennedy, who until recently was a bachelor. "The staging made everything look good. It brightened up the whole house." It made him almost wish he had kept it, he said. He and his wife, Kelly, recently had the house she owned before their marriage staged by Craze - it now sports new blinds, paint and curtains - and put it up for sale. They are buying a new home.

Staging isn't new; it's been around for more than 20 years. Last year, during the Valley's housing market boom, few homes were staged. That's because many sold in a matter of hours or days, as is.

With the flood of homes on the market now, buyers have become more selective, said Neslund, owner of Distinctive Interiors and Design in Scottsdale.

"There is so much competition you have to do something different than the others," said Claudia Michalson, a Realtor with Russ Lyon Realty. She has used Neslund to stage a Scottsdale home listed at $595,000.

The key to staging is incorporating the correct scale of furniture and the right furniture for the house, using neutral colors that appeal to everyone and making the home look fashionable and cozy, the stagers said.

That may mean removing some of the seller's personality and replacing it with a neutral environment, said Craze, whose company is PMC Interiors. She started her staging business three years ago and is certified as a stager through Minneapolis-based Home Staging Expert. She does several stagings a month.

It's not that your quilting room isn't handy; it's that few buyers have need for one. Your walls of family photos are appealing to you, but they're distracting to buyers. Purple may be your favorite choice in carpet color, but few buyers are going to have furniture to match.

Craze said that stagers take special care when sellers are still living in the home. "When a family is living there, you can't just yank all the items they use," she said.

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.Source: Sue Doerfler, The Arizona Republic, Nov. 4, 2006 12:00 AM

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2007-10-20T10:06:00.000-07:00

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10 Cities Where It's a Great Time to Buy

2007-10-20T08:02:00.000-07:00

The real estate business may be facing a softening in sales, but there are parts of the country where it makes sense to buy now. Forbes magazine examined current home sales patterns and sales projects in the country’s 40 largest real estate markets to identify these attractive markets.Based on models that estimated 2008 housing inventory, sales rates, and turnover, the magazine compiled a list of markets that are experiencing price declines, but where buying looks attractive because there is likely to be an increase in sales in the near future.Here are Forbes’ and Moody’s 10 most attractive markets, along with the median homes sales price and their price change from 2006.

1-Fort Worth, Texas: $156,500, 1.7 percent
2-Kansas City, Mo.: $157,700, -0.7 percent
3-Houston: $154,900, 1.4 percent
4-Cleveland: $128,700, -7.1 percent
5-Denver: $255,200, none
6-Long Island, N.Y.: $482,300, 1.7 percent
7-Washington, D.C.: $445,300, 0.3 percent
8-Orlando, Fla.: $265,100, -2.4 percent
9-Phoenix: $264,800, -2.7 percent
10-Las Vegas: $307,900, -3.6 percent

Source: Forbes, Matt Woolsey (10/08/07)

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.

First American CoreLogic sees Phoenix, Florida markets as low risk

2007-10-19T09:01:00.000-07:00

First American CoreLogic Inc. says it expects its quarterly Core Mortgage Risk Index will continue to rise during the next 18 months, as declining or flat home prices put more delinquent borrowers into foreclosure.

The index attempts to gauge the likelihood of mortgage delinquencies in the next six to 12 months by tracking home prices and economic factors in 381 markets where more than nine out of 10 Americans live.

Home prices are falling or not keeping pace with inflation in 247 of 381 metropolitan areas, according to First American CoreLogic's fourth-quarter Risk Monitor report.

Home prices are falling in 88 markets, and appreciating at less than 3 percent in 159 others, the report said. With inflation averaging around 3 percent, homeowners whose properties appreciate at a slower rate experience a decline in value in real terms.

Before the housing boom, when many markets enjoyed double-digit appreciation, houses tended to appreciate at about the same rate as inflation, said First American CoreLogic's chief economist, Mark Fleming.

The current trend "speaks to the large correction of housing prices that's happening nationwide," but "doesn't necessarily translate into mortgage risk," Fleming said, except in markets where the economy is week and foreclosures are up.

There are still markets where foreclosure rates are low and house-price appreciation is robust, the report noted. The markets judged by First American CoreLogic to have the least risk enjoyed lower-than-average unemployment, higher wage growth, moderate house-price appreciation, low foreclosure rates, and minimal fraud and collateral risk.

The 10 lowest-risk markets and their annual appreciation rates were identified as:

- West Palm Beach-Boca R.-Boynton, Fla. (1.79 percent appreciation)
- Orlando-Kissimmee, Fla. (6.6 percent)
- Ft. Lauderdale-Pompano-Deerfield, Fla. (5.07 percent).
- Virginia Beach-Norfolk-Newport News, Va. (6.94 percent)
- Washington, D.C.-Arlington-Alexandria, Va. (3.87 percent)
- Phoenix-Mesa-Scottsdale, Ariz. (7.91 percent)
- Bethesda-Gaithersburg-Fred., Md. (-0.12 percent)
- Richmond, Va. (8.17 percent)
- Salt Lake City, Utah (13.48 percent)
- Honolulu, Hawaii (10.94 percent)

Four of the markets identified by First American CoreLogic's as lowest risk -- West Palm Beach, Orlando, Ft. Lauderdale and Phoenix -- were recently singled out by PMI Mortgage Insurance Co. as markets at the greatest risk for price decline in the next two years.

PMI's U.S. Market Risk Index takes into account factors like home-price appreciation, volatility and affordability, and also economic statistics like employment.

Fleming said the Core Mortgage Risk Index emphasized economic issues like employment and wage growth over home-price appreciation

"I would probably agree that some of those Florida markets will have (price) declines in the next two years, but we find when measuring mortgage delinquency risk, house prices are not the most important driver. Unemployment and wage growth are the fundamental risks."

While price declines can eliminate a borrower's equity -- making it harder for them to refinance -- "the two primary reasons for mortgage delinquency are loss of job and divorce, because of the financial shock to the ability to service mortgage payments," Fleming said.

Risk is rising in many Florida and California markets, but "you have to have combination of negative equity position and stress to the economy," Fleming said. Since many Florida and California markets continue to enjoy strong employment and wage growth, he said, they are "much less risky."

"Theoretically, a sufficiently large decline in prices could outweigh strong economic health, but those would have to be major price declines," Fleming said.

The 10 markets identified by First American CoreLogic as the riskiest had foreclosure rates and fraud and collateral risk indices three times higher than national average, plus higher than average unemployment and lower than average wage growth. Eight of the 10 riskiest markets were in Michigan and Ohio, where layoffs in the auto industry and businesses that support it have had an effect on housing markets.

The 10 highest-risk markets and their annual appreciation rates were identified as:

- Detroit-Livonia-Dearborn, Mich. (-0.73 percent)
- Warren-Troy-Farmington Hills, Mich. (-0.13 percent)
- Youngstown-Warren-Boardman, Ohio (2.05 percent)
- Dayton, Ohio (2.38 percent)
- Toledo, Ohio (2.15 percent)
- Cleveland-Elyria-Mentor, Ohio (2.41 percent)
- Grand Rapids-Wyoming, Mich. (1.88 percent)
- Memphis, Tenn. (4.87 percent)
- Akron, Ohio (4.49 percent)
- McAllen-Edinburg-Mission, Texas (6.64 percent)

Source: Matt Carter, Inman News

Home loan apps rise in latest survey

2007-10-17T14:02:00.000-07:00

Refinancings loose market share, MBA reports.

A key measure of mortgage application volume rose last week as growth in interest rates slowed, the Mortgage Bankers Association reported today.
The MBA's market composite index edged up 0.7 percent on a seasonally adjusted basis from the first week of October, and includes an adjustment to account for the Columbus Day holiday.

The index component that tracks purchase loans gained 2.1 percent between the first and second weeks of the month, while the refinance index actually declined 1.1 percent during the period, according to MBA.

As a result, the refinance share of loan applications decreased to 45.3 percent last week from 46.2 percent the previous week, and the adjustable-rate mortgage (ARM) share of activity dipped from 13.6 percent to 13.5 percent.

Interest rates on long-term loans were mixed last week, while those on ARMs moved higher, according to MBA. The average contract interest rate on 30-year fixed-rate mortgages held at 6.4 percent; the 15-year fixed rate grew to an average 6.09 percent from 6.03 percent; and the one-year ARM increased to 6.17 percent from 6.15 percent.

Points, which are loan-processing fees expressed as a percent of the total loan amount, averaged 1.04 on the 30-year loans, 1.03 on the 15-year, and 0.94 on one-year ARMs -- compared with 1, 1.12 and 0.92, respectively, in the previous week. These points include the origination fee and are based on loan-to-value ratios of 80 percent.

The Mortgage Bankers Association survey covers approximately 50 percent of all U.S. retail residential mortgage originations, and has been conducted weekly since 1990. Respondents include mortgage bankers, commercial banks and thrifts.

Source: Inman News

Rent-to-own deals gain clout in today's market.

2007-10-17T08:33:00.000-07:00

Win-win for buyers and sellers alike?

What do you do if you want to buy a home but don't have the cash for a down payment or even the credit score to qualify?

You might try to find a "rent to own" situation where you can lease the property and purchase an option to buy it down the road when you're ready.

When the real estate market was steaming along and sellers had buyers lining up out the door, renters found themselves out of luck.

If a seller can sell a property and get rid of it, why play landlord? It's better to have the buyer's cash in hand and move on. That's why rent-to-own properties were more difficult to find in the last six to seven years.

But now that the real estate market has turned, there are hundreds of thousands of sellers who are desperately searching for buyers. While being a landlord isn't the typical seller's first choice, rent-to-own situations can help a seller turn a renter into a buyer.

Here's how a rent-to-own situation typically works: The renter/buyer agrees to rent the property for a certain period of time. An option to purchase the property at a specific price is agreed to, and a nonrefundable option fee is paid. Sometimes this fee is credited toward the down payment at the time of purchase. In addition, a portion of the rent paid is often credited toward the down payment as well. At the end of the lease term, the renter/buyer decides whether to buy the property or pay another option fee and continue renting the property.

Sellers might like a rent-to-own situation if they've had trouble finding a buyer for their property, and if they can get enough rent to carry the property without losing any money. Often, a renter/buyer will be more motivated to pay the rent and take better care of the property if he or she is seriously considering buying the property at the end of the lease/term.

If you're a first-time buyer looking for a rent-to-own situation, here are some issues you might want to consider:

Companies advertising rent-to-own properties may not be what they seem. If you search Google, Yahoo! or even your craigslist for local rent-to-own options, there are thousands of listings that come up. But if you click through, you'll see that many are developers looking to unload property. Or, they're Web sites that claim to help you find the rent-to-own house of your dreams. Except that once you sign up, nothing happens.

Check out the "houses for rent" and "houses to buy" sections of your local newspaper or Web site. Sellers may not know whether they'll attract a tenant/buyer if they advertise their property for rent or sale. So, they may advertise in both sections. You should also look at some of the more popular for-sale-by-owner (FSBO) Web sites for sellers who appear open to a rent-to-own or lease/option deal.

Ask for what you want. A seller may not want to be a landlord, but local market conditions or his personal finances may force him to rent because he can't sell. As a tenant/buyer, you can ask the seller to fix up items in the house, repaint, and replace or clean the carpet (if the property needs it).

Take the time to explore the neighborhood before you sign on. If you're serious about buying a home, you'll need to seriously think about the neighborhood. That means making sure you're in a good school district, with plenty of shopping, services and restaurants nearby. Is there public transportation and good access? Who is on the streets during the day and evening? While you're renting now, the goal is to turn you into a home buyer.

Negotiate the rent credit and pick-up price before you sign the lease/option agreement. If the landlord/owner has promised to credit a portion of the rent and the entire option fee toward your down payment, get it in writing. You'll want to know what percentage of the rent will be credited and if that credit will earn interest over the course of the year. Do the numbers before you agree to anything. If the reason you're renting instead of buying is because you don't have enough cash for a down payment, be sure to negotiate for a sufficient rent credit so that you have enough for a 5 to 10 percent down payment if you pick up the option to buy the property.

Rent-to-own and lease/options are legal transactions. Before you sign any documents, be sure you talk to a local real estate agent who can help you figure out if the price is right (you don't want to overpay for the property if you buy it down the line). You'll also want to have an attorney review your documents to make sure you're protected. Like any purchase agreement (which is what a lease/option is), you'll want the right to cancel the deal for certain reasons.

Source: Ilyce R. Glink, Inman News

3208 N Ladera Circle, Las Sendas Mesa AZ

2007-10-16T21:31:00.000-07:00

Magnificent true Hacienda-style Custom Home in Las Sendas Golf Subdivision. True one-of-a-kind Hacienda-style home. (Click here for Video Tour)

Large center Courtyard includes Pool, Spa & entertainment yard w/full BBQ area. Some of the features include Theater Room, Exercise Room, Game Room, separate Guest Quarters, Library/Den/Office w/private entrance, Panoramic Deck w/breathtaking views, fire sprinklers, computerized home w/lighting, A/C, sound, alarm, etc. Many more amenities and features you would expect in a fine luxury custom home (see detailed descriptions).

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Welcome to the 777Team Blog

2007-10-16T20:40:00.000-07:00