We’ve heard for years how the weak job market, student-loan debt and tight lending standards have forced recent college graduates and other members of the millennial generation to live with their parents instead of owning houses of their own. But a recent study by Harvard’s Joint Center for Housing Studies indicates the situation may be on the verge of changing.
It seems as if almost everyone you meet has experienced the negative effects of the “Great Recession.” If you or someone you know has had a derogatory credit event, check this cheat sheet, to help you determine when you can buy again. Lenders have loosened the requirements and restrictions surrounding a negative credit event. It may be time to buy before interest rates rise in 2015.
NO! Tell this message to Pulte and Mr. Gee. Remember, these guys are NOT our friends. They are not trying to “work with us.” They are rolling right over us. They have meetings filled with convenient conversations. This is like petting your cow just before butchering it. NO! I have been around these travesties before and years afterward neighbors are shrugging their shoulders saying, “Gee, we got taken again.” Don’t let it happen to us. They cannot promise a density of homes in our golf fairways until they get final permission from the Phoenix Planning and Zoning Commission.
Once you’ve made the decision to buy a home, it’s time to review your credit standing. If you don’t, you can be sure your lender will when you apply for a mortgage. It’s a good idea to know what you’re working with before you fill out your mortgage application. That way, you have some time to establish, improve or repair your credit standing. Exactly where you stand will help determine whether you are approved for a mortgage and, if so, the interest rate you will be charged.
TripAdvisor honored the Orpheum Theatre with a 2014 Certificate of Excellence award. The accolade, which is extended to qualifying businesses worldwide, recognizes hospitality excellence in establishments that consistently receive outstanding TripAdvisor traveler reviews.
There are dozens of TV shows of men buying houses for cheap and remodeling to make thousands, but a group of local women are out to prove flipping houses isn’t just for men. They’re hoping their story could soon be coming to TV.
The sleek design of the hover skateboard Marty McFly road in the “Back to the Future” series may be fictional, but the technology isn’t. If two Ahwatukee Foothills brothers have their way every teenager just might have their own hoverboard by 2015.
The Federal Reserve has been using interventionist actions since the early ‘60s. This action is what many refer to as Keynesian economics. In consort with the administration, the FED thinks that intervening into the market helps accelerate growth. It usually stimulates the market in the short term, but long term loads the government with debt that has to be paid back. Michael Pinto in his article “Rising Rate Realities” expressed it this way, “Because of the unprecedented and unsustainable amount of outstanding debt, central banks now face only two choices: (1) Stop printing money and allow a devastating deflationary cycle to pop the asset bubbles that exist in equities and real estate, or (2) continue expanding the money supply until hyperinflation eradicates the middle class and the economy.”
There are many factors that affect housing inventory levels and pricing. One factor on the Valley’s real estate market is cash buyers. However, these cash buyers are losing their enthusiasm for the Phoenix area. Cash purchases during the first quarter were about 3,500 for local homes, but plunged 38 percent from the same period last year, according to research by Fletcher Wilcox, vice president of business development for Grand Canyon Title Agency Inc. Those 3,500 cash purchases also made up 28 percent of all Valley home sales during the first quarter. That is significantly down from the 38 percent market share claimed by last year’s cash buyers.
I’m a firm believer in accountability. I don’t believe Arizona’s K-12 education accountability plan is tough enough. Yes, we require all our public-school students to take the statewide assessment. Students must pass AIMS to get into fourth grade and graduate from high school. However, students and schools are only accountable for math and reading. Furthermore, once-a-year “bubble-in” exams are incapable of measuring whether students can apply skills in “real world” situations. We do give third- through 10th-graders writing exams, but experts don’t evaluate them. Pearson, the London-based testing company Arizona hired, advertises for $12 an-hour temporary workers to score tests (bachelor’s degree required).
To own or rent, that is the question that continues to weigh on the minds of potential homebuyers everywhere. While the gap may have narrowed over the past year due to rising mortgage rates and home values, buying is still a better bargain than renting in most communities across the country — including Phoenix and Tucson — according to an online real estate company.
While Arizona recovers from an economic crisis rooted in predatory lending practices, a bill before the Legislature proposes another round of risky loans not too far removed from the horrific payday-lending loans now mostly a good-riddance memory.
My role in resurrecting a dead criminal case began a few weeks back with an out-of-the-blue phone call courtesy of a private eye named Don Corbett. He phoned with news of a strange case with ties to a Mesa woman and an impending trip to Scottsdale for an interview or potentially an interrogation.
Family road trips are an important piece of our heritage, so it’s likely that most of us have a special road trip tucked away as a favorite childhood memory. Mine was a summer jaunt to visit family in Lake Stevens, Wash. Endless “license plate game” and “cyclops” hours later, and we arrived at our first main stop — Redwood National Park. As I unfolded myself out of our station wagon, I’ll never forget my jaw-dropping awe as I peered to look up at these giant trees kissing the sky. Although we camped only a night among the canopies of these behemoths, it’s that part of the two-week trip that was forever etched in my memory. As an adult and parent, state and national parks remain a favorite; there’s something about the unspoiled beauty and beckoning adventure that makes everyone feel like a kid.
The Thunder look to return to their winning ways behind a talented junior class and a group of committed seniors in 2014.Produced by David JolkovskiNarration by Jason P. SkodaInterviews (in order of appearance):Cade van RaaphorstTJ RobertsAlex FarinaDrew McIntyreCoach Dan HindsAdrian PerezAndrew MacnairSaxon McDonald