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Credit scores are made up of a complex algorithm that can, at times, seem inexplicable. Often things that seem financially responsible can in fact lower your credit score. Answer the few questions below to test your credit IQ — the answers may surprise you.
By now, you’ve probably heard that Arizona, like other recovering states, is in short supply of new homes. While it’s true that inventory remains tight as builders push to keep up with rising consumer demand, plenty of options exist in the marketplace for people looking to purchase a new vs. a resale home.
Veterans can benefit from their service to our county with special mortgage financing options.
Dear Claudia: It’s my first December living in Ahwatukee. I am looking forward to decorating my house for the holidays. My question is how can I decorate the house with a limited budget for Christmas?
It’s one thing to have a beautiful, comfy bed. But what if it also included a TV screen, game console and dimmable, color-changing lights?
Homeowners are opening their wallets. A rebound in the housing market has made them more willing to invest in renovations that could boost the value of their homes even more in a rising market.
We schedule annual check-ups for ourselves, our kids, our pets, our cars…what about our homes?
Once again, the sun is shining on the housing market in Phoenix. Arizona is attractive once again to buyers with retirement, and a warmer climate, on the horizon. In 2012, domestic migration climbed high as it had been in the past five years as Arizona welcomed 26,000 migrants from other states. Across the state, as mortgage rates are decreasing and home values rising, the housing market is enjoying an influx as baby boomers choose our sunny skies. Even local retirees are opting to downsize, placing their current homes up for sale in favor of less maintenance.
Things have been changing in ZIP codes 85044, 85045 and 85048. We’ve gone from a Seller’s Market trending to a Buyer’s Market and now stabilizing into a more “normal” market. The number of property sales for the last two months have been consistent. Sales price per square foot remained stable for four months, dipping slightly in October. I emphasize “slightly” as you will see from the numbers.
The housing market continues its bumpy ride toward full recovery with more lurches, twists and turns than a roller coaster at the state fair.
Do you belong to a union? Take advantage of your union membership and get money back when you buy a home. If you are an active or retired union member or the parent or child of one, you may be eligible for exclusive home financing benefits through a major lender.
Dear Claudia: I am ready to make some major renovations to my house; I want to get it ready for the holidays. Do you have a suggestion on how to select the right contractor for the project?
Phoebe Taylor’s 20-year-old suburban Atlanta ranch house began plain and “builder grade.”
In the wake of the downturn that launched in 2008, it’s old news by now that the construction industry took a massive hit. Nearly half of those in the construction business were forced to find work elsewhere. Today, even as the housing market — and by default the contracting industry — rejuvenates, reports over the summer showed a weaker pool of skilled labor available to meet the spike in demand for new homes. But you wouldn’t know it by all the new homes that will be available in Ahwatukee!
The trend is changing in ZIP codes 85044, 85045 and 85048. What was a strong sellers’ market, is becoming a “normal” market for both buyers and sellers. Properties are not flying off the shelf in a matter of hours. There are fewer multiple offers on them, so they are typically not selling for more than full price. Why are we seeing a change? There are many factors that enter into the equation.
A recent change in federal housing guidelines could set the stage for up to 2.5 million formerly foreclosed homeowners and short salers to re-enter the housing market sooner rather than later.
Washing clothes in the bedroom. Sending email from the laundry room.
Housekeeping, drudgery? Not to us members of the unofficial “clean club.”
• Riley Tompkins, The Tompkins Team, will have an open house from 11 a.m. to 3 p.m. on Saturday, Sept. 5 at 1704 E. Cathedral Rock Drive in Ahwatukee.
How can you save $5,000 when you close on your new home and continue the savings for the life of the loan? It is very easy. FHA loans have become more and more expensive, so lenders have come up with conventional options to FHA financing. FHA continues to increase the cost of mortgage insurance premiums, which adds hundreds of dollars to the monthly mortgage payment pricing some buyers out of the market for a new home. Lenders are now offering 3 percent down conventional loans, which do not require 1.75 percent of the loan amount up front.
A new apartment complex that boasts the most amenities of any in the community is currently being built at Chandler Boulevard and 51st Street.
Rates are down and values are up, which most of us know is generally a good sign that it might be time to consider a refinance. However, there are several less obvious factors to consider that may also indicate that it’s a great time to refinance. Here are just a few:
Consider custom furniture pieces next time you need to fill a special place in your home, instead of settling for limited choices or production furniture. Our lifestyles and furniture needs are ever changing as we add, subtract and replace those pieces that started with us when we had our first place. As the children come along we need to expand storage places for the clothes, collections, sports equipment, trophies, games, etc. into functional furniture pieces that can be customized to fit their needs. And when the children move out furniture again changes as we consolidate and compress to suit individual preferences.
Once a staple of pre-World War II culture, the multi-generational household is staging a comeback.
Ahwatukee Foothills has a great mix of housing products from condominiums to million-dollar custom estates. The overall market has seen an incredible bounce back in the last 12 months. The “Luxury Market” was the last to be hit and has been the last to recover. You may wonder how this segment of the market fares in comparison to performance across median single-family homes across the Valley.
You want a better bathroom, but don’t want to put a drain on your finances? Worry not. This is one room in the house where little things mean a lot.
In August, the most expensive residential home in Ahwatukee sold for $1.9 million. The unique, custom built 6,000-square-foot home located in the Sanctuary subdivision sold at $317 per square foot and was quickly off the market in 13 days.
Moth-wing light fixtures? Thunderhead wallpaper? If you’re an armchair naturalist, you’ll love one of this year’s big home decor trends.
Making the decision to purchase or refinance a home is one of those major decisions most of us only make a few times in our life. With so many mortgage options available to you, choosing the right lender can be agonizing.
It seems like it was just a few short months ago we could not keep a listing on the market. The house went active on the MLS, received multiple offers, and then it was gone. It felt like it was all in a matter of days, maybe even hours. I had buyers say forget it I cannot keep up with this competition, and they stopped looking. Now, it feels like houses are sitting for weeks with no movement. Uh, oh … time to panic; time to make a drastic price reduction? Before you make big decisions, know this, this cycle is normal. Phew!
Ellie Brockman gets help with her drawing from pre-k teacher Julie Fischer while Anjali Mehta watches at Magical Journey Learning Center in the Foothills on Tuesday, Oct. 1, 2013.
Magical Journey Learning Center • 1442 E. Chandler Blvd.
Being fairly new to the preschool scene, Magical Journey Learning Center has been offering the Ahwatukee community a more intimate schooling experience with its small-classroom setting.
The school, which is in its second year of completion, currently houses 32 students in grade levels pre-kindergarten through preschool.
Both instructors, Julie Fischer and Michelle Willis, have an immense resume when it comes to education, having more than 20 years of experience teaching at the elementary level.
Fischer believes what separates Magical Journey Learning Center apart from others is how the students work in smaller groups, which gives both instructors the ability to focus more on each of their students.
The school also encompasses community service with its “Lend a Hand” program, where each week students are involved with different community service opportunities.
“We just think that goes to developing that whole social and emotional piece that will hopefully lay a foundation for them for life,” Fischer said.
For more information about Magical Journey Learning Center, visit www.magicaljourneylc.com.
• Compiled by Daniel Ochoa.