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Phoenix area real estate: South Phoenix pegged as next ‘hot area’

For years, home buyers have kept moving further and further out, but that's changing. In fact, the next hot area, believe it or not, is supposed to be south Phoenix. Maricopa County is the home of a Phoenix metropolitan area that continues to keep on growing.  ”For the fourth year in a row now, Maricopa County has been the fastest growing county in the U.S.," said Thomas Maynard who is the Vice President of Business Development of the Greater Phoenix Economic Council (GPEC).It's quite a statistic. And as … [Read more...]

5 Awesomely Easy Landscaping Projects

No need for fancy DIY skills, a lot of money, or a ton of time to pull off these yard upgrades. It’s your yard — yours to do with as you wish. And while that’s great, that doesn’t mean you have to be one of those people who spends every spare moment in their yard, sprucing it up. But, still, your landscaping could use a little something. But something easy.  Here are five totally doable projects that your budget will barely notice, but your neighbors definitely will: #1 Add Some (Tough) Edging Tell … [Read more...]

16 Ways To Tell If That Fixer-Upper Is Flipworthy

1. It Makes Financial Sense to Buy It Before investing in a fixer-upper, do some quick math to make sure that it will actually be a good investment. “There’s a crude rule of thumb in the flipping world called the ‘70 Percent Rule’ — never pay more than 70 percent of the [after repair value], minus repair costs,” said Brian Davis, real estate investor and co-founder or SparkRental. “Thus, if the ARV is $200,000, and the repair costs are $50,000, a flipper shouldn’t pay more than $90,000 for … [Read more...]

This Scottsdale hotel is getting a $22M makeover, making it the largest resort renovation in the city

Scottsdale's residents like to look as youthful and fresh as possible, and now a resort in the city is doing the same. Chaparral Suites in downtown Scottsdale is undergoing a $22 million makeover to become the Embassy Suites by Hilton. The massive cost of renovations makes the project the largest resort renovation in Scottsdale. No stone will be left unturned in the project. Every single aspect of the 15-acre area is getting redone, from the lobby to the guest rooms to the exterior. The renovation … [Read more...]

Just How Much Did the Recession Make 20-Somethings Delay Children?

That the Great Recession of 2007-09 made Americans have fewer kids is no surprise, but a new study shows how big the toll was. Birth rates for U.S. women in their 20s dropped more than 15% between 2007 and 2012, just before and after the recession, the Urban Institute, a nonpartisan policy research group, said in a new analysis of data from the Centers for Disease Control & Prevention released Tuesday. Among Hispanic 20-somethings, the birth rate dropped 26%. Non-Hispanic blacks? 14%. By contrast, … [Read more...]

They’re back: Boomerangers Returning To Housing Market

Many former homeowners could start buying again this year and give metro Phoenix's housing market a much-needed boost. They are called boomerang buyers because they were thrown out of the mortgage market after foreclosures or short sales during the crash but now can qualify for a home loan again. Most lenders require a seven-year sitting out period for borrowers who default on home loans. That waiting period is over this year for the first wave of people to lose houses during the crash. A new report from … [Read more...]

Why you get offered the worst mortgage rates

When the time comes to buy a home, you should hope for a buyer's market, ample assets in the bank for a down payment, a great home to buy, and an environment of low mortgage interest rates. Low prevailing rates don't necessarily mean that you'll get offered low ones, though. Here are some reasons why you might get offered disappointing mortgage interest rates. The lender Shop around, and you'll find yourself offered a variety of mortgage interest rates, as different lenders use different (or differently … [Read more...]

Design Workshop: The Case for Big Overhead Doors

Garage-style doors are cost-effective solutions for opening rooms to dream views and fresh air — and they’re more stylish than ever   I absolutely love the look and feel of colossal doors, the way they lift and slide out of the way with the slightest effort. But their cost can make them impractical for some projects. In situations where large openings and strong outdoor connections are essential, a garage or overhead door can be a more cost-effective solution worth considering. While originally intended … [Read more...]

Everything a Man Space Needs

Power recliner? Check. Bar and pool table? Of course. Get the comfy hangout you deserve with these masculine-leaning finds With college basketball’s March madness upon us, we thought it would be the perfect time to give a nod to the man caves of the world. They will be in big demand this month when sports enthusiasts gather around the tube to see if their teams win or lose. After all, there is a payday on the line for the person who scores the perfect winning bracket.Man spaces come in many forms: the masculine … [Read more...]

Open House Marketing: 4 Things Sellers Should Avoid

Most of us are all too familiar with the television channel HGTV (Home & Garden Television) with its lavish home remodels and spunky hosts. Although it has given the common man both firsthand glimpses into the ins and outs of home maintenance and great tips for buying and selling a home, it has also provided a dramatic exaggeration of real-life residences and homeowners. And when it comes to open houses, the TV entertainment may have on display fine art showings and free-flowing Champagne. Even though … [Read more...]

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