Phoenix Market Update

Phoenix area gains 7,200 jobs from January 2010 to 2011 - bizjournals.com - The Phoenix area added 7,200 jobs during the past year, ranking it 26th among 372 metropolitan areas across the nation. A total of 266 metro areas gained employment between January 2010 and January 2011, according to new figures from the U.S. Bureau of Labor Statistics. Ninety-three suffered declines, and 13 were unchanged. Peoria enters talks on development near sports complex - Plans are in the works for a four-star hotel, a three-story parking structure, retail shops, restaurants and luxury lofts on what is now a city-owned 17-acre parking lot west of the spring-training ballpark. The Peoria City Council Tuesday voted unanimously to accept a development proposal submitted by Osage West LLC, a partnership between local developer Mike Oliver and Osage LLC, a business arm of the Oklahoma-based Osage Nation. Read article:http://www.azcentral.com/community/peoria/articles/2011/03/28/20110328peoria-development-sports-complex.html Real estate: It's time to buy again - Metrostudy is finding an extraordinary reversal of the new-home glut that helped sink prices just a few years ago. In the 41 cities Metrostudy covers, a total of 78,000 houses are now either vacant and for sale, or under construction. That's less than one-fourth of the 343,000 units in those two categories at the peak of the frenzy in mid-2006, and well below the level of a decade ago. "If we had anything like normal levels of buying, those houses would sell in 2½ months," says Mike Castleman of Metrostudy. "We'd see an incredible shortage. And that's where we're heading." Read article:http://finance.fortune.cnn.com/2011/03/28/real-estate-its-time-to-buy-again/ Free Stuff from Mary@marymaxie.com FREE Pickup of books, paperbacks, videos, CDs, sheet music, for VNSA Charity Book Sale FREE Tips on Home staging your house for better showings FREE Tips for First Time Home Buyers FREE Tips for First Time Home Sellers FREE The 10 Things Most Often Cited on Home Inspections FREE Info on 180 day rule for foreign home buyers FREE Info on FIRPTA Rules for foreign investors FREE Info on what Canadian buyers of Arizona Real Estate need to know. FREE shopping, golf, sports, Arizona Living info FREE info on Great Canadian Picnic, & Canada Cup Golf Tournament FREE Market News from www.ArizonasRealEstate.com Maxiemize Lifestyle with PhoenixAreaCanadianRealtor Mary Maxie, Associate Broker, Desert Dwellers Realty GREEN Master of Real Estate, GRI, CRS, ABR, CSSR, SFR, CRMS, CIPS