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This chart shows it still makes sense to buy a home

Home prices still look reasonable compared with rents What’s up with the housing recovery? There are disturbing signs that the big rally that began in 2011 slammed on the brakes, big-time, in the final months of last year. Pending home sales—probably the best leading indicator of the housing market—plunged 9% between November and December, to their lowest level in more than two years, according to the National Association of Realtors. Average sales prices have fallen about 5% since the summer, says the NAR. … [Read more...]

11 Great Alternatives to Glass-Front Cabinets

Glass-front cabinets are beautiful, but there are times they just won’t work. If you have young, active childrenin the house, you may be looking for something that’s harder to break. Or perhaps it just feels like too much trouble to keep everything looking neat behind those transparent doors. If you’re looking for something a little different, you’ve come to the right place — these 11 alternatives to standard glass-front cabinets will help you get exactly what you need and want in your kitchen. 1. … [Read more...]

Man behind P.F. Chang’s, Fleming’s bringing latest restaurant concept to Scottsdale

Former Paradise Valley resident and renowned restaurateur Paul Fleming is bringing his latest concept to Arizona. The man behind Fleming’s Steakhouse and Valley-based P.F. Chang’s China Bistro will open Paul Martin’s American Grill this spring in Scottsdale. Fleming’s newest concept focuses on natural, sustainable and seasonal food at a moderate price. Paul Martin’s menu features classic American fare such as hamburgers, grilled fish and spinach dip, but made using organic produce and free-range chicken and … [Read more...]

Study: Buyers, Sellers Will Jump Off the Fence This Year

Consumers are more committed to buying or selling this year, according to Prudential Real Estate's fourth quarter Consumer Outlook Survey. Of the 2,500 consumers surveyed, 78 percent held a favorable view of real estate, a five-point jump from the previous quarter and 15 points higher than at the end of 2012. Sixty-three percent said they were more committed to buying and selling in 2014. One generation in particular has a favorable perception of real estate right now: Millennials. The generation peaked at 87 … [Read more...]

Houzz Tour: Shaker Simplicity Inspires a Modern Farmhouse

Mixing classic farmhouse style with sustainable features, this Connecticut home is as charming as it is sensible When the owners of this house met with architect Rafe Churchill for the first time, they brought along the 1953 children’s classic One Morning in Maine by Robert McCloskey for inspiration. In the book McCloskey — best known for penning Make Way for Ducklings andBlueberries for Sal — recounts the adventures of an older Sal as she loses her first tooth.The backdrop for the story is a sensible and … [Read more...]

Popular Echo Canyon trail in Phoenix reopens

After a yearlong hiatus, the Echo Canyon trailhead on Camelback Mountain reopened at sunrise Wednesday. The popular trail had been closed since last January for a $4.34 million renovation project. Returning hikers will see a slightly different ascent in the beginning: Gone are the worn wooden railroad ties that used to mark steep steps in the first quarter-mile. The beginning of the trail has been rerouted to follow the mountain’s natural ascent, becoming a slightly longer and more gradual climb. “The … [Read more...]

5 ways the jumbo mortgage market will change in 2014

Big changes are coming to jumbo mortgages. Wealthy home buyers signed up for these loans in droves last year because of their low rates and flexible repayment options. The total dollar amount of originated private jumbo mortgages—which exceed $417,000 in most parts of the country and $625,500 in pricey housing markets such as New York and San Francisco—was on track to be the highest since 2007. But the jumbo-mortgage landscape is shifting this year. New mortgage rules from the Consumer Financial … [Read more...]

This is the year to sell your home

The prospect of higher rates is fueling a seller’s market Prices surged more than 10% in many markets last year, bidding wars are once again common, and homes are routinely going for well over the asking price in some cities. These trends make it seem like a return to the go-go days of the housing boom. Single-family homes were selling at an average price of $244,300 in November, up 7.2% from a year prior and the highest price since August 2008, according to the latest data from the National Association of … [Read more...]

Why Google bought Nest and what it could mean for your home

  Google’s $3.2 billion acquisition of Nest, creator of the smart thermostat and smoke detector, caught many industry watchers by surprise. But Google’s move to snap up one of the leading companies in the nascent field of devices that are paving the way for the “Internet of Things” is only surprising if you don’t know what Nest is all about. For the uninitiated, Nest is a company devoted to making everyday household objects smarter through advanced design and Internet-enabled features. Nest CEO … [Read more...]

Home Prices Back at Peaks in Some Areas

Recovery Remains Uneven as Cities Spared in Bust Soar, but Many Others Struggle Home prices have zipped back into record territory in a handful of American cities, a milestone that comes seven years after the housing bust ravaged the market and the broader economy. Values are up more than 13% from their 2007 high in Oklahoma City and by more than 6% in the Denver metro area. Prices are back to all-time highs in 10 of the nation's 50 largest metropolitan areas, according to a Wall Street Journal analysis of … [Read more...]

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