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You CAN afford that apartment (according to this chart)

Posted by   /  September 20, 2017  /  Real Estate  /  No Comments

For many market-rate renters, incomes appear to be keeping up. But are you one of them? By Patrick Clark | Bloomberg Most people paying attention to the cost of renting an apartment in the U.S. would tell you that prices have gotten out of hand. That’s certainly true at the extremes where, say, the typical two-bedroom […]

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A majority of U.S. households could – in theory – afford to buy a $300K, newly built home

Posted by   /  September 20, 2017  /  Real Estate  /  No Comments

By Skylar Olsen | Zillow Qualifying for a loan to buy a $303,000 home – without violating 43 percent debt-to-income ratio rules – would require a minimum estimated annual income of $45,360. Almost 60 percent of U.S. households earn that much. Roughly 68.8 million households theoretically earn enough to purchase a $300,000 home. That number drops […]

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A time to declare war on labor shortages

Posted by   /  September 20, 2017  /  Real Estate  /  No Comments

Some building business leaders are taking action–locally and nationally–to address the skilled workforce challenge. More need to to the same. By John McManus | Builder The cost of housing’s labor shortages is going up. There’s no reason not to expect the price tag to do anything other than get higher. Builders normally rank land–access to building lots–as […]

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General plan amendment shot down by neighbors and divided Cave Creek Council

Posted by   /  September 20, 2017  /  Real Estate  /  No Comments

By Linda Bentley | Sonoran News During Monday night’s meeting, Town Manager Carrie Dyrek announced an RFP (request for proposals) had been issued for new bleachers for the rodeo grounds to replace the old ones that have been deemed unsafe. Dyrek also said the town is seeking volunteers for the upcoming Taste of Cave Creek event on […]

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Historic Preservation Commission gets back into gear

Posted by   /  September 20, 2017  /  Real Estate  /  No Comments

By Thomas Triolo | Downtown Devil The Historic Preservation Commission settled into regular business Monday, working on funding existing grants and expanding historic preservation protections to houses. After introductory items, first on the agenda was a request from Pat Cantelme, one of the owners of the Van Buren concert venue. Cantelme asked to renegotiate the terms of […]

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Five Star President and CEO: Housing microbubble ahead

Posted by   /  September 20, 2017  /  Real Estate  /  No Comments

housing bubble

DSNews The Federation of Certified REO Experts (FORCE)met Tuesday at the annual FORCE Rally within the 2017 Five Star Conference and Expo. Ed Delgado, Five Star President and CEO, spoke to the state of the industry, which he says is headed toward a microbubble. “The market is about to change and we need to be ready,” […]

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Most expensive home sales in Phoenix

Posted by   /  September 20, 2017  /  Real Estate  /  No Comments

Here are the Valley’s top home sales from the past week (9.4.17 – 9.10.17). The combined sales for the top 10 of the past week was over $12 million.  By Katie Halle Lambert | AZFoothills   READ ON:    

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August unemployment dips; construction loses 600

Posted by   /  September 20, 2017  /  Real Estate  /  No Comments

By Roland Murphy | AZBEX Arizona’s seasonally adjusted unemployment rate dipped in August to 5.0 percent, down from 5.1 percent in July, according to the latest report published by the Arizona Office of Economic Opportunity. The national rate increased to 4.4 percent, up from to 4.3 in July. The state had a net gain of 41,900 non-farm jobs […]

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Affordable housing in Tempe focuses on veterans’ needs

Posted by   /  September 20, 2017  /  Real Estate  /  No Comments

Arizona Business Daily Tempe’s Valor on Eighth community already has a growing list of potential occupants as leasing of space designed for mixed use begins in December, according to a press release. Of 50 living units, 45 will be offered at inexpensive rental rates with preference given to U.S. veterans; while the remaining five will […]

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Proposed West Park designs being considered by Queen Creek Technical Review Committee

Posted by   /  September 20, 2017  /  Government and Politics, Real Estate  /  No Comments

By Wendy Miller | Queen Creek Independent Shade structures. Landscaping, Lighting. The town of Queen Creek Technical Review Committee is reviewing these proposed elements and others for the new 30-acre West Park to built at 19535 E. Appleby Road, near Ocotillo and Sossaman roads. The park will include baseball/softball fields, multi-purpose fields, a playground, splash pad, wheel […]

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