The American Dream of homeownership is alive and well, just as it was before the housing crisis hit. Despite the extreme fallout from the Great Recession, people still want a place to call their own. A place where they can raise a family, make memories and live comfortably. And, while purchasing a new home provides tremendous opportunity for families looking to improve their lives, the implications are even greater to the economy as a whole.
Many of us have one room in the house that doesn’t really have a job. Maybe we set it up with an air bed once in awhile for guests, or shove out-of-season clothing boxes in there, or use it as a holding zone for stuff we’re not sure what to do with.
The month of August saw a 5.2 percent decrease in the number of closed sales compared with July 2014. Approximately 5,800 residential properties sold in Maricopa County. Sellers may be interested to know the follow statistics before pricing and listing their homes.
Good news for the market: even though inventory continues to grow, there is evidence that the buyers are returning to the market. According to the Arizona Regional MLS, August property sales in the 85044, 85045 and 85048 ZIP codes were 116 sales, down 6.5 percent from 124 in August of 2013 and 15.3 percent lower than the July sales of 137. August 2014 sales numbers were lower than August of 2013 and 2012. Year-to-date (YTD) sales of 983 are 17.9 percent behind last year’s YTD sales of 1198.
It probably doesn’t happen as much as you’d like, but from time to time, you have some extra disposable income. When this happens, how should you use the funds? Assuming you have adequate emergency savings — typically, three to six months’ worth of living expenses — should you pay off debts, or fund your IRA or another investment account?
Wilson Gee may be forced to pay up to $1.6 million in tax benefits to the county for closing the Ahwatukee Lakes Golf Course according to an Arizona statute that has never been used before, the Maricopa County Assessor’s Office said.
Cushman & Wakefield Inc. has named Jerry Noble and Jackie Orcutt as market leaders of its Arizona operations in Phoenix. Noble and Orcutt have previously served as leading commercial real estate professionals for C&W in Phoenix.
Coldwell Banker Residential Brokerage in Arizona announced the expansion of its operations with the addition of 120 independent sales associates from ZipRealty, Inc.’s offices in Phoenix. This local growth comes as a result of the acquisition of ZipRealty’s national operations by Realogy Holdings Corp. (NYSE: RLGY), Coldwell Banker Residential Brokerage’s ultimate parent company.
A recent (letter to the editor) from a Mohave County Supervisor, Hilda Angius, was published here (“Think twice before voting for Dial,” AFN, Aug. 10). Angius correctly stated that Jeff Dial had sponsored a bill that was to relieve tax liability for a group of land owners in Mohave County. What was not stated was that this bill, unanimously approved by both sides of the aisle in both the Legislature and Senate, signed by the governor, approved by the legislative attorneys gave this relief to 30-plus land owners who had been in a 23-year court battle with the federal government over ownership of this property. The county attorney’s office had given permission for these owners to not pay the property taxes during this litigation. Unfortunately, the attorney general’s office and a liberal federal judge found the bill needed more clarity to make it meet the muster of the Arizona constitution.
Kyrene School District hosted its annual Parent Superintendent Council (PSC) at the district office Tuesday morning in efforts for Parent Teacher Organizations (PTOs) and local businesses to discuss fundraising ideas for the school year.
Increasing inventory, more competition and a smaller buyer pool. That continues to sum up the market. According to the Arizona Regional MLS, July property sales in the 85044, 85045 and 85048 ZIP codes were 137 sales, down 17.5 percent from 166 in July 2013 and 1.5 percent higher than the June sales of 135. July 2014 sales numbers were lower than July of 2013 and 2012. July’s year-to-date (YTD) sales of 868 down 19.2 percent behind last year’s YTD sales of 1074.
Modern features, customizable options and reduced maintenance are among the many reasons most Americans — twice as many to be exact — would prefer purchasing a new home rather than an existing home, according to the latest online survey from Trulia, a leading online residential real estate site. Of the more than 2,000 survey respondents interviewed last spring, 41 percent said they’d prefer buying a new home, whereas only 21 percent would choose an existing home. The remaining 38 percent of respondents had no preference.
When buying or selling a home in Ahwatukee in the month of August, there are a few things you need to think about. First, if you are a seller, be prepared August is coming. Most schools in the area start back the beginning to the middle of August. This means many potential buyers are going to be super busy trying to get school supplies, back to school shopping, vacations completed, etc. They don’t have a lot of time to spend looking around, so make your place stand out. Think of a model home and start staging your home to look like one. It doesn’t have to be perfect, but just make your house the best looking your house can be. Ask your Realtor for some help in what you should or shouldn’t do, or hire a consultant or a stager; they will be worth the investment.
I nearly ran over a good-sized turtle last week in the middle of 44th Street in front of the clubhouse of the closed Ahwatukee Lakes Golf Club. Despite all of the assurances, this turtle was escaping the slow destruction of the course and draining of the lakes. It is the efforts of Pulte Homes to make the place look so physically bad and unattractive that homeowners will feel resigned and agree to the deed change.
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