While the Valley’s economy continues to improve, the housing market has lagged. “It’s been the one major missing piston in the whole economic recovery,” said Jim Huntzinger, chief investment officer of BOK Financial. “Housing has been slower than it almost ever has been coming out of any major recession.” And who do the experts blame? Millennials, mostly. Millennials, once labeled “the generation of renters,” have appeared to have no interest in buying homes – until now. “Partly, it’s the millennials (who) have … [Read more...]
5 housing projects breaking ground in Phoenix neighborhoods
October 8, 2015 by
Phoenix is in a building boom. Cranes dot the downtown skyline as construction crews transform lots on nearly every major street. Housing projects run the gamut from apartments to townhouses, from the central city to the suburbs. Some already are underway. Others will need more planning and approval before they break ground. Downtown A rendering of Alta Fillmore. (Photo: Wood Partners, LLC.) Project: Alta Fillmore. Developer: Wood Partners, LLC. Location: Fillmore Street and … [Read more...]
10 Tips for Planning a Galley Kitchen
October 8, 2015 by
Follow these guidelines to make your galley kitchen layout work better for you A galley kitchen consists of two parallel runs of units forming a central corridor in which to work. The galley layout works well for all kitchen styles; it’s also the preferred design of many professional chefs, who love it because it enhances safety and efficiency during cooking. Just like the compact galley on ships, for which the layout is named, galley designs optimize space by packing in an abundance of storage and work area, … [Read more...]
Plans for Arcadia Frank Lloyd Wright House include tours, weddings
August 6, 2015 by
Early plans for the David and Gladys Wright House envision the Arcadia home as a visitors’ destination, including a shaded garden and underground education center for tours, performances and weddings. Site maps and a list of property uses — submitted to the city late last week — are the first official look at how the owner of the Frank Lloyd Wright-designed house intends to open it to the public. The documents were filed as the first of many steps to seek a special permit allowing the uses in a residential … [Read more...]
Many Owners May Underestimate Their Equity
August 6, 2015 by
A large number of home owners may be erroneously perceiving themselves as underwater on their mortgage, suggests a new analysis by economists at the University of California, Berkeley. Between mid-2011 and the fourth quarter of 2014, home prices nationally have risen about 20 percent. But in a recent Fannie Mae National Housing Survey, the percentage of home owners who perceived they were underwater on their mortgage averaged about 6 percentage points more than estimates from other national surveys. According … [Read more...]
5 Things Every Home Should Have
August 5, 2015 by
Every designer has his or her own style rules. Over the years, I’ve honed mine down to the top five that I come back to again and again. Follow these ideas — or break them if you see fit — and I guarantee you’ll be able to take any space from feeling like it’s a boring, everyday thing to something you love every day. 1. A midcentury piece. I’m a huge believer in always using at least one midcentury modern element for a number of reasons. For one thing, the design period, despite no longer being … [Read more...]
Save Money With Smaller Jumbos
August 5, 2015 by
Government-backed jumbo loans can be cheaper and easier to get than jumbos that exceed the $625,500 federal limit Home buyers trying to purchase a pricey property will probably need a jumbo loan—a mortgage that exceeds government limits. But there are different types of jumbos, and some are a little easier and cheaper to get than others. But first, a handy breakdown for those befuddled by the confounding terminology of the mortgage business: Conforming mortgages are capped at $417,000 and backed by … [Read more...]
Don’t Overlook These 7 Neighborhood Details
June 2, 2015 by
You know you want to live in a safe place, but what else should you be looking for when evaluating a new neighborhood? If you’re in the market to buy a home or rent a home, location is crucial. Quality schools, low crime statistics, commute times, and even grocery stores are likely already on your neighborhood checklist. But what could you be missing when it comes to evaluating a new neighborhood? 1. Where will you go to have fun? It’s natural to focus on proximity to your job when you’re looking for a place … [Read more...]
To-Dos: Your June Home Checklist
June 2, 2015 by
Get ready for summer by freshening up your entertaining spaces and preparing for good times with others With the start of summer (and the end of school) this month, June is the perfect time to prep your house and yard for a season of relaxation and fun. And if you’ve fallen behind in your house chores, don’t worry — you can use this month to catch up, too. Caldwell & Johnson Custom Builders & Remodelers Give your kitchen a summer refresh. Pull out the tools you use more in summer … [Read more...]
Deal sound too good? It’s easy to check out contractors
June 2, 2015 by
Arizona regulates builders, and there's an easy way to find out if they're licensed and can be held accountable for damages or bad work. If a contractor knocks on your door, offering to fix your roof, fence or paint for a bargain price, check the Arizona Registrar of Contractors website at www.azroc.gov before signing any deal or handing over any money. If a builder is licensed, the status of it's permit to operate will be listed as well as contact information and a license number that should be included on all … [Read more...]
