Mortgage And Real Estate News

Sunday, September 25, 2016

Social Security: 5 common mistakes to avoid

Decisions about Social Security give people fits, which isn't surprising.

It's a complex program. People must make long-term decisions without knowing how the future will unfold. Plus, the Social Security Administration doesn't always explain the rules clearly and consistently.

Read more... http://www.azcentral.com/story/money/business/consumers/2016/09/23/social-security-5-common-mistakes-avoid/90506704/

Why my Arizona property tax bill – and probably yours, too – increased this year

If you aren't too happy with what you owe, it's too late to protest.

I just saw my property tax bill, and it's up 8 percent from last year.

You'll be getting your bill again soon, too, if you haven't already. 'Tis the season for metro Phoenix homeowners to find out what we owe for schools, fire and library districts and other county and city services.

Read more... http://www.azcentral.com/story/money/real-estate/catherine-reagor/2016/09/25/property-taxes-maricopa-county-arizona/90793542/

Investors can beat the Fed at its own game: Here's how

No matter what the Federal Reserve does with interest rates this week, investors should already know the game plan.

Investors are braced for rates to rise, if not this month, soon. Higher rates aren't toxic to all stocks. Energy stocks like Helmerich & Payne (HP), materials stocks like Nucor (NUE) and health care stocks like Humana (HUM) have actually performed relatively well during periods when the Fed is raising rates going back to 1971, according to a USA TODAY analysis of data from S&P Global Market Intelligence that looks at current members of the Standard & Poor's 500. These types of stocks are in stark contrast to those in the consumer discretionary sector, like Mattel (MAT) and Ford (F), in addition to financials like Lincoln National (LNC), which have tended to lag when the Fed is hiking rates.

Read more... http://www.usatoday.com/story/money/markets/2016/09/21/investors-fed-federal-reserve-stocks-interest-rates/90700860/

Tuesday, September 13, 2016

Americans got raise last year for first time since 2007

WASHINGTON (AP) -- Americans finally got a raise last year after eight years of stagnating incomes.

The typical U.S. household's income rose 5.2 percent in 2015 to $56,516, the Census Bureau said Tuesday. Even with the solid gain, that remains below the median household income of $57,423 in 2007, when the Great Recession began. The median is the point where half of households fall below and half are above.

Read more... http://finance.yahoo.com/news/americans-got-raise-last-first-144054438.html
Americans got raise last year for first time since 2007

Sunday, September 4, 2016

8 projects to watch in Grand Canyon University's Phoenix expansion

Grand Canyon University will welcome a record 17,500 students to west Phoenix this semester on a campus that's rapidly growing.

Construction projects worth millions of dollars are underway. More dorms, parking garages and a soccer stadium are ready for students at the campus at 33rd Avenue and Camelback Road. Other developments stretch east to Interstate 17, including a renovated hotel and office complex.

Read more... http://www.azcentral.com/story/news/local/phoenix/2016/08/22/8-projects-watch-grand-canyon-university-phoenix-expansion/88964342/

Tartesso sale: $80M Phoenix land purchase could produce 40,000 homes

A California investor has paid $80 million for more than 10,000 acres west of the White Tank Mountains in Buckeye that could sprout nearly 40,000 new homes.

Read more... http://www.azcentral.com/story/money/real-estate/catherine-reagor/2016/09/02/west-phoenix-land-sale-40000-homes/89748362/

60 Percent of Guests Would Pay More for a Vacation Rental With a Smart Home Feature, August Home Study Reveals

SAN FRANCISCO--(BUSINESS WIRE)--Short-term renting is a burgeoning business and global growth is projected to hit $51 billion by 2020*. August Home Inc, the leading provider of smart locks and smart home access products and services that make life more simple and secure, today released the results of a new study, Short-term Rentals: Smarter Hosting with Smart Home Technology. The study provides new insight into the growing appeal of short-term rentals and how smart technology plays an important role in delivering an experience that rivals that of hotels.

Read more... http://www.businesswire.com/news/home/20160802005777/en/60-Percent-Guests-Pay-Vacation-Rental-Smart

Metro Phoenix starting to grow up instead of out

Karen Wang is buying a condo in the new 14-story Portland on the Park development in downtown Phoenix.

Her new home is going up on a prime piece of land next to Margaret T. Hance Park that was a dirt parking lot when she moved here from the San Francisco Bay Area for culinary school 12 years ago.

Read more... http://www.azcentral.com/story/money/real-estate/catherine-reagor/2016/08/07/metro-phoenix-starting-grow-up-instead-out/87302308/

Metro Phoenix had 4th-highest rise in rental rates in U.S., but 10K new apartments are on the way

It's getting pricier for the convenience of calling your landlord when the AC breaks, the internet is down or the swimming pools needs cleaning.

Rents are on the rise in metro Phoenix, particularly in infill hot spots in Phoenix, Scottsdale and Tempe.

Read more... http://www.azcentral.com/story/money/real-estate/catherine-reagor/2016/08/28/metro-phoenix-had-4th-highest-increase-rent-rates-10000-apartments-underway/89300052/

Tempe leaders want mature downtown, not high-rise student housing

As the Tempe skyline continues to grow, there is one type of high-rise that city leaders don't want to see: student housing.

The Tempe City Council recently shot down two proposals for student housing high-rises, saying they didn't fit the vision of downtown Tempe.

Read more... http://www.azcentral.com/story/news/local/tempe/2016/06/30/tempe-leaders-want-mature-downtown-not-high-rise-student-housing/86185758/

Roberts: Get ready, Phoenix. A 20% property tax hike headed your way

Just a few months after raising water and sewer rates and boosting the city's sales tax, the Phoenix City Council on Friday appears poised to hike property taxes by nearly 20 percent.

Expect to fork over an extra $51 a year if you live in an average Phoenix home ($191,000).

Read more... http://www.azcentral.com/story/opinion/op-ed/laurieroberts/2016/06/30/roberts-get-ready-phoenix-20-property-tax-hike-headed-your-way/86561478/

Phoenix golf course eyed for redevelopment as 100-acre Ahwatukee Farms

A shuttered Ahwatukee golf course would be redeveloped with houses, a community farm and a Montessori school, under a new vision for more than 100 acres of contested land in the Phoenix neighborhood.

Developers have begun their pitch for Ahwatukee Farms, a redevelopment of the former Ahwatukee Lakes Golf Club.  The site has been at the center of a land-use battle since the course closed in 2013.

Read more... http://www.azcentral.com/story/news/local/ahwatukee/2016/08/15/phoenix-golf-course-eyed-100-acre-ahwatukee-farms-development/88411720/

Phoenix Frank Lloyd Wright House could be donated to community foundation

A home designed by Frank Lloyd Wright at the center of a years-long controversy in Phoenix's Arcadia neighborhood could be donated to the Arizona Community Foundation, a representative of the organization said Tuesday.

Megan Brownell, chief brand and impact officer for the foundation, said in an email that the owners of the 1952 David and Gladys Wright House "offered the home as a charitable gift." The organization provides funding to various entities and provides leadership on community issues, according to its website.

Read more... http://www.azcentral.com/story/news/local/phoenix/2016/08/17/phoenix-frank-lloyd-wright-house-arizona-community-foundation/88880134/

Solid gold: Inside Michael Phelps' Paradise Valley home

Swimming legend Michael Phelps has a posh Paradise Valley home to relax at after winning his 28th Olympic medal in Rio.

The Santa Barbara-style house in the pricey metro Phoenix enclave was purchased for $2.53 million late last year, according to public records.

Read more... http://www.azcentral.com/story/money/real-estate/catherine-reagor/2016/08/22/solid-gold-inside-michael-phelps-paradise-valley-home/89123120/

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