Marcella Landson set aside her Section 8 voucher and stared at the shaded map of Tempe, searching for the right neighborhood. They all seemed the same. She had come to find a home, but couldn't even figure out where to look.
Sunday, December 24, 2017
Housing Choice Voucher program fails to open doors for many renters
U. S. new home sales skyrocket 17.5 percent in November, biggest jump in more than 25 years
Americans stepped up their purchases of new homes at the fastest pace in more than 25 years in November, with sales skyrocketing 17.5 percent amid robust demand and a continued shortage of existing homes on the market.
Single-story, unattached apartments offer house-like amenities
Metro Phoenix's apartment building boom has a different look in the suburbs. You might have driven by one of the new rental complexes and thought it was a new home subdivision.
Construction claws back from recession, 'new normal' still unclear
WASHINGTON – It was what one expert called "the mother of all booms."
Just over a decade ago, Arizona's construction industry was leading the country in residential and commercial building. People were waiting up to a year for a house, even as builders were throwing new homes up on spec for the residents who were flocking to the state.
10 years after the recession began, have Americans recovered?
It's been ten years since the start of the Great Recession.
That's an arbitrary anniversary, sure. But downturns need beginnings, and the National Bureau of Economic Research decided this one happened in December 2007, when employment peaked and started to head south -- for two long years.
Sunday, December 10, 2017
First-time Phoenix homebuyer duped out of $73K in real-estate scam
One click. One-tenth of a second later, $73,000 disappeared into the ether and two Phoenix home sales were derailed.
With reform pending in Congress, now is the time to look at your taxes
Taxpayers who wait until the ink is dry on the sweeping Republican tax-reform plan could leave some money on the table.
Downtown Phoenix's Roosevelt Row is on a roll
Boarded-up buildings and weed-filled vacant lots were the norm in metro Phoenix's oldest historic neighborhood not too long ago.
Sunday, November 26, 2017
The CFPB now has two acting directors. And nobody knows which one should lead the federal agency
President Trump and the outgoing head of the Consumer Financial Protection Bureau both named acting directors to head the watchdog agency on Friday, throwing its leadership into disarray.
Saturday, November 25, 2017
Home Sales Are Rising Despite Supply Woes
Existing-home sales in October rose to the strongest pace since earlier this summer, the National Association of REALTORS® reported Tuesday.
Industrial sector shines in latest outlook for commercial real estate market
New sources of demand make the industrial segment the star of commercial real estate, according to Peter Muoio, chief economist and head of research at Ten-X Commercial, the nation's leading online real estate marketplace.
Phoenix Landmark condo owners fight HOA assessments — and win
The bill arrived unexpectedly by email in May. It was from her Landmark Towers condominium homeowners association.
Arizona HOAs foreclosing on a record number of homeowners
Homeowners associations, the enforcers of neighborhood paint colors, holiday decorations and trash bins, are leading the latest surge in Phoenix-area foreclosures.
Despite talk, there's no sign of metro Phoenix housing bubble
The dreaded term "housing bubble" has crept back into conversations about real-estate markets with big increases in home values, including metro Phoenix.
North Central Phoenix luxury apartment proposal sparks public clash
In north-central Phoenix, one of the Valley's hottest development corridors, a proposed apartment complex has sparked a classic clash between new development and old.
Monday, November 20, 2017
With help from Bill Gates, Phoenix's growth shifting to far west
More than 300,000 new homes are planned on the far western edge of metro Phoenix, including in Belmont where billionaire Bill Gates has recently invested.
Cool homes: Celebrate revival on Historic Roosevelt Neighborhood tour
Everybody loves a good makeover, right?
So get ready: Some of the most satisfying makeovers in Phoenix will be on display at the annual Historic Roosevelt Neighborhood home tour on Sunday, Nov. 19 — including the neighborhood itself.
Sunday, November 12, 2017
Case-Shiller: U.S. home prices rose in August even as sales slipped
WASHINGTON — U.S. home prices rose sharply in August from a year ago, a trend that is thwarting many would-be buyers and potentially slowing sales.
Trump tax plan draws ire, but may boost metro Phoenix's housing market
President Donald Trump's proposed tax overhaul has raised protests from national home-builder and Realtor groups that believe it will slow home sales and harm housing markets.
Wednesday, November 8, 2017
FHA losing customers rapidly as premiums spur refinancing
WASHINGTON — The Federal Housing Administration's financial health is benefiting from continued reductions in delinquencies and foreclosures, but the FHA is also losing some of its best customers at a fast clip.
Bill Gates makes $80 million land deal in far West Valley
One of the richest men in the world is about to make a big impression on Arizona. Bill Gates, the second richest man in the world behind amazon.com founder and CEO Jeff Bezos, paid almost $80 million for a huge chunk of property in the far West Valley, according to a report from Business & Real Estate Weekly of Arizona.
Monday, November 6, 2017
OfferPad, loanDepot partner on Scottsdale-based home loan company
Gilbert-based real estate technology company OfferPad has partnered with loanDepot to launch a home loan company to make it easier for customers to buy and sell a home online.
Best,
Lillian Wong
Sr. Loan Officer NMLS 630337
Fairway Independent Mortgage
9308 E Raintree Drive
Scottsdale AZ 85260
480.650.5412
www.lillianwong.net
lillian.wong@fairwaymc.com
Lillian Wong
Sr. Loan Officer NMLS 630337
Fairway Independent Mortgage
9308 E Raintree Drive
Scottsdale AZ 85260
480.650.5412
www.lillianwong.net
lillian.wong@fairwaymc.com
You can become an investor in Phoenix-area apartments for as little as $1,000
Want to invest in a metro Phoenix apartment-building boom?
It could cost you as little as $1,000, about as much as a monthly rent payment.
Phoenix home flips up 16 percent as aggressive investors find bargains
Many metro Phoenix homeowners have a new issue to deal with now that they have equity in their homes again.
Thursday, November 2, 2017
Tempe squatter loses another court ruling; city can eject him
A judge has ruled that Tempe has the right to eject a man who has claimed squatters' rights to a valuable piece of property near downtown that he claims has been in his family since the late 1800s.
Wednesday, November 1, 2017
'Tiny home' hub for homeless veterans breaks ground in Phoenix
A neglected dirt lot gave way to a symphony of scrapes as volunteers smoothed the concrete foundation Saturday for a tiny-house project intended to fulfill much grander goals.
Thursday, October 26, 2017
Everything You Need to Know About Buying a House When You Work in Marijuana
Telling your family you work in marijuana can be an ordeal. There are the arched eyebrows, the disappointed faces, the furtive looks and sidelong glances followed by an entreaty as to whether or not you're holding. But this embarrassing ordeal isn't even close to the worst rite-of-passage for cannabis-industry workers.
Gundlach: Bond market moment of truth has arrived
Bond guru Jeffrey Gundlach has been sounding the alarm on a Treasury market selloff for some time now. On Tuesday, the CEO and founder of DoubleLine Capital took his warning to a whole new level, after the US 10-year yield crossed the 2.40% level, putting in its highest print since May.
The different ways of jointly owning French property
There are a couple different ways to jointly own French properties. The first is known as "en indivision." This method is the rough equivalent to the English method known as, "owners in common."
Wednesday, October 25, 2017
Realtor finds two dead bodies inside home for sale
A police investigation is underway regarding two dead bodies found by a Realtor inside a for-sale home in Chapel Hill, North Carolina.
Monday, October 23, 2017
How I Fit Costco In My Tiny House — Just Wahls
Two of the most asked questions about tiny living are:
"Is your fridge a dorm-room-sized one?" and
"Do you have to grocery shop everyday?".
"Is your fridge a dorm-room-sized one?" and
"Do you have to grocery shop everyday?".
Costco's Tiny House - Tiny House Blog
Ambershawn recently brought something interesting to my attention, Costco, the big box store, sells a tiny house. It is called the "HomePlace" guesthouse and is one of their many small structures. Costco builds tiny houses, play houses and garden sheds. Personally, I think the Bungalow Garden building would make a perfect tiny house, it ranges in size from 12ft X 16ft to 12ft X 24ft and the costs for what appears to be a shell range from $4,995 to $7,244.
Read more... http://tinyhouseblog.com/blog/page/6/
Saturday, October 21, 2017
Currency Fluctuations' Impact on International Funds
When putting money into an international fund, investors need to be familiar with certain risks that they don't typically encounter with U.S.-based funds.
Thursday, October 19, 2017
$57M deal underway to buy most of Phoenix's Park Central Mall, remodel
The new owners of Park Central Mall in midtown Phoenix plan to spend $57 million to buy most of the mall and give it a long-overdue makeover.
Wednesday, October 11, 2017
Miami Real Estate Plays Central Role in Argentina Scandal
The Miami real estate market is playing a surprise central role in Argentina's political environment following reports that former President Cristina Fernández de Kirchner purchased more than 60 Miami properties using dubious funding.
Arizona Property with Alleged UFO Portals is Listed for $5M
An Arizona residence that has gained notoriety for allegedly housing two portals that extra-terrestrials use for visiting Earth is now on the market for $5 million.
Tuesday, October 10, 2017
Metro Phoenix luxury homes: $2 million home has outdoor pizza oven
Elevators, wine cellars and six-car garages are among the luxurious features in this week's priciest home sales in metro Phoenix.
Sunday, October 1, 2017
2 million California homeowners live mortgage-free
Two million Californians are living a dream scenario for the American Dream: They own their home free and clear of a mortgage.
Sunday, September 17, 2017
Illuminating the murky business of Phoenix-area HOA foreclosures
Ask anyone living in a neighborhood managed by an HOA, and you will likely hear a rant.
Arizona group sends Amazon CEO Jeff Bezos 21-foot cactus in headquarters bid
An Arizona economic development group has loaded a 21-foot Saguaro cactus onto a truck and will have it delivered to Amazon.com Inc. CEO Jeff Bezos.
Friday, July 28, 2017
Prescott home billed as world's tallest fails to sell at auction
A 124-foot-tall house in Prescott called the "world's tallest home" didn't sell at high-profile auction in late May. The house is back on the market for $1.45 million.
Sunday, July 9, 2017
10 Mortgage Rules You Should Know by Heart
If you plan to buy a home and obtain a mortgage, either now or in the future, there are certain things you should know about how mortgage loans work. Specifically, here are 10 principles you should be aware of that can help you get the best deal on a mortgage, choose the best loan for you, and stay within a realistic budget.
Wednesday, June 28, 2017
Robots are preparing to fill 200,000 vacant construction jobs
Automation has long been considered the harbinger of future unemployment, and experts have predicted that the widespread adoption of artificially intelligent (AI) software and smart machines could lead to thousands or even millions of people losing their jobs.
Tuesday, June 27, 2017
What to Do When a Tenant Files Bankruptcy
One of a landlord's biggest worries is having a tenant who stops paying rent. When that happens, if the tenant doesn't voluntarily move out, a landlord usually has to go through the eviction process to reclaim possession of the unit.
Sunday, June 25, 2017
Ben Carson Just Made It Easier for Millennials to Buy Their First Homes
Ben Carson, the former presidential candidate known for his calm demeanor who was appointed by President Trump to be the Secretary of Housing and Urban Development, is trying to make it easier for millennials to purchase their first home.
Tuesday, June 20, 2017
8 ways the construction industry can rebuild itself for the 21st century
According to the US National Association of Homebuilders, 82% of construction companies consider their main concern to be a shortage of construction workers. Sure enough, figures show that the average age of the workforce is rising faster than ever: the UK Chartered Institute of Building reports that the number of workers over 60 is increasing faster, and the set under 30 decreasing faster, than any other set.
Monday, June 12, 2017
Millennials and Baby Boomers drawn to Phoenix condo projects
Phoenix is in the midst of a condominium building boom.
New high-rise developments are going up from downtown Phoenix northeast to Kierland near the Loop 101. New urban-style attached homes can be found from midtown and uptown to the Biltmore area and east to the Arcadia neighborhood.
ATTOM: Home flipping loan volume hits 9-year high
Home flipping finance volume increased in the first quarter of 2017 to its highest point in nine years, according to ATTOM Data Solutions, a multi-sourced property database.
Tuesday, May 23, 2017
BofA opens debate on lowering mortgage down payments
(Reuters) - The head of Bank of America Corp (BAC.N), the United State's fourth-biggest mortgage lender, said on Thursday banks would be able to supply a bigger share of funding for home purchases if the standard down payment for buyers was cut to 10 percent from 20 percent.
Luxury homebuyers can get more home for the money in Peoria, West Valley
Deep-pocketed homebuyers looking for luxury homes have long turned to Paradise Valley, Scottsdale or Phoenix's Biltmore area. But in recent years, the West Valley has seen more homes sprout with desert views, big lots, exclusive amenities and price tags approaching $1 million.
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