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Posts tagged “Phoenix Real estate

6 COOL NEW HAPPENINGS IN DOWNTOWN PHOENIX: By Taz Loomans www.bloomingrock.com

July 25, 2012

6 COOL NEW HAPPENINGS IN DOWNTOWN PHOENIX

by: Taz Loomans

Recently, I found myself talking to a few friends on separate occasions about how many cool new things are happening in Downtown Phoenix right now. We talked about how all these things are having a collective impact and gathering momentum for our Downtown. My friend Philip Beere today remarked on how Downtown has changed immensely in 10 years, going from almost no restaurants or places to hang out to all the places we see today. I’ve seen drastic changes even in the past five years, with a lot of mom and pop small businesses and community efforts taking hold. Plus I would say in the past year or so, things are picking up speed and the winds are definitely changing for the better in Downtown Phoenix.

Below are 6 cool new Downtown happenings that have been popping up a lot in conversations around me…

Peritoneum

Moving and installing this great public art piece to Mike Davis’s Ro2 Lot was a gynormous community effort in the middle of the summer. But now it’s become a welcome addition to the Roosevelt Art’s District, right next door to the next cool thing people have been buzzing about….

Songbird Coffee and Tea House

Songbird just opened yesterday, but people have been talking about it for quite a while. APlaces, Spaces and Faces Community Dinner was held there just this weekend. It is a very cute little coffee shop inside monOrchid, a gallery and co-working space in the Roosevelt Arts District – a great example of mixed-use!

Lawn Gnome Bookstore

Every time I visit another city, I make it a point to go to a bookstore in their Downtown. I’ve visited some great ones in Seattle, Milwaukee, London, and Chicago. I’ve been DYING for a 2nd hand bookstore to come to Downtown Phoenix and now we have one! Enter the Lawn Gnome 2nd hand bookstore. Welcome to the neighborhood friends!

Pedal Craft at the City

Pedal Craft at Kitchen Sink Studios earlier this year was one of the most exciting and successful events Downtown Phoenix has ever seen. It was all about bikes and art. The huge turn out at this event showed the growing presence of a bicycle culture in Phoenix. Now we have Pedal Craft take II at City Hall, very aptly showing the people in power this growing presence – wink, wink, hint, hint. More bicycle lanes please!

Murals All Over the Place!

There are murals everywhere in the Roosevelt Arts District, I mean EVERYWHERE. And it’s wonderful. These murals, more and more popping up all the time, give the place, well, a sense of place. These murals are becoming such a phenomenon that Roosevelt Arts District is quickly becoming a destination for visitors from all over the Valley. By the way, there’s nothing like a mural to make back alleys and parking lots actual places of interest for people to enjoy instead of forgotten, dark places where questionable things occur.

Bodega 420

Holy cow what a cute little market! I love cute little markets like this and was remarking on one I saw in Bisbee just recently and on another I saw near Downtown Tempe. But, look, Downtown Phoenix has one too! This market was set up as a compliment to the now defunct Urban Grocery, and has become quite a community hot spot in the area. My friend Bob Diehl tells me the ice-cream here is to die for.

So there you go, Downtown Phoenix is finally getting a personality and becoming an interesting place! And I have a feeling that this is only the beginning…

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I had a foreclosure, when can I buy again?

Foreclosures have become a way of life here in the valley. Most people think that with a foreclosure on their record they won’t be able to buy a house ever again, this couldn’t be farther from the case.

Fletcher Wilcox over at Grand Canyon Title has put together a pdf, “Renting VS Owning” that has tons of great information. In it, Fletcher talks about all the factors one should consider when thinking about buying or renting including a table showing when you can buy again after a foreclosure.

We think more people should produce great information like this. Fletcher created this little handout back in 2010 but much of the information is still valid. We like sharing this with you because we believe that an informed client can make better decisions.

 

 


Housing starts bright spot for cooling economy

  A ''for sale'' sign is seen outside a home in New York June 19, 2012. REUTERS/Shannon Stapleton

By Jason Lange

WASHINGTON | Wed Jul 18, 2012 12:07pm EDT

(Reuters) – Groundbreaking on new U.S. homes rose in June to its fastest pace in over three years, lending a helping hand to an economy that has shown worrisome signs of cooling.

The Commerce Department said on Wednesday that housing starts rose 6.9 percent last month to a seasonally adjusted annual rate of 760,000 units. That was the highest rate since October 2008.

“Housing is clearly in recovery mode, although the sector is much less important than it used to be,” said Jim O’Sullivan, an economist at High Frequency Economics in Valhalla, New York.

The housing market, which began to collapse six years ago, has been a relative bright spot in the economy this year, although it remains hobbled by a glut of unsold homes.

But since it makes up a smaller share of the economy than before the 2007-2009 recession, it can provide only a limited lift to the broader recovery.

In a cautionary sign for the housing sector, new permits for building homes dropped 3.7 percent to a 755,000 unit pace.

The Commerce Department said groundbreaking for single-family homes — the largest portion of the market — rose 4.7 percent, while starts for the more volatile multi-family homes segment rose 12.8 percent.

ECONOMY COOLING

On Wednesday, the Mortgage Bankers Association said applications for U.S. home mortgages jumped last week on a surge in demand for refinancing as the interest rate on 30-year mortgages fell to a record low.

Other data in recent weeks has shown signed contracts for home purchases rose sharply in May and rising home prices.

“Housing continues to be the one sector of the U.S. economy that is outperforming expectations,” said Michael Gapen an economist at Barclays in New York.

Housing starts in June were above the median forecast in a Reuters poll of a 745,000-unit rate, and readings for April and May were revised higher.

Still, the broader U.S. economy has looked much more wobbly of late, and if the recovery fails and the country tips back into recession, housing also would suffer.

U.S. stocks rose, lifted by a rebound in tech shares following Intel’s results. Shares in homebuilders were mixed. U.S. 30-year bond yields fell as safe-haven demand for bonds persisted despite the housing data.

In testimony to a Senate panel on Tuesday, Federal Reserve Chairman Ben Bernanke said the U.S. economic recovery was being held back by anxiety over Europe’s debt crisis and the path of U.S. fiscal policy. He repeated the message before a committee in the House of Representatives on Wednesday.

Bernanke has warned that planned belt tightening by the U.S. government in 2013 would likely send the country back into recession, and Treasury Secretary Timothy Geithner echoed those concerns on Wednesday, calling for reforms to boost growth and provide fiscal sustainability.

“What the economy needs right now is a very substantial, well designed program of support for economic growth,” Geithner said at the CNBC Institutional Investor Delivering Alpha conference in New York.

In his two days of testimony, Bernanke offered few concrete clues about whether the U.S. central bank was moving closer to a fresh round of monetary stimulus. He told lawmakers on Tuesday that policymakers meeting later this month would be looking for signs of any stall in the recovery of the labor market.

The pace of hiring in the United States slowed sharply in the second quarter, as did growth in factory output. Retail sales have also flagged in recent months.


Did you know you can search the MLS without giving up your information?

Everyone says you can use their tool to search MLS just like a realtor. What nobody tells you is that in order to search MLS you’re first going to have to give them your personal information. At Cambridge Properties we believe that you should be able to search the MLS all you want without having to give us your information.

Don’t get us wrong, we want to be your agent when your buying or selling, but that’s not always why you’re searching. Real estate is something you are going to be involved with for your entire life and at Cambridge properties we believe there is no rush. Take you time, use our search tool to look all over the valley just like a realtor and if you ever have any questions we’d love to hear from you.

 


“East Coast Heat wave” is the cutest thing we have heard in a while.


Chateau On Central Transforms Arizona Living With Five-story Luxury Brownstones

PHOENIX, June 29, 2012 — /PRNewswire/ — Arizona is traditionally known for palatial desert estates that feature tile-roofs and stucco siding. Chateau On Central in downtown Phoenix is turning that concept upside down with its East Coast vibe. Featuring five-story brick and masonry brownstones, Chateau On Central is bringing a piece of New York living to the Valley of the Sun.

This Old World style brownstone community features the same brick and mortar architecture reminiscent of historic East Coast cities like New York, Boston or Philadelphia. From classic patina turrets and wrought iron detailing to spacious private terraces, Chateau On Central is a sophisticated 21-residence brownstone community. The facility offers its residents a rare opportunity to experience an opulent East Coast lifestyle at one-tenth of the cost. Chateau On Central’s homes start from $1.1 million and range in size from 5,200 to 5,800 square feet.

Set in the heart of Phoenix, Chateau On Central’s location can’t be beat. Just steps away from The Phoenix Art Museum, the city’s professional sports complexes, and some of the best shopping and restaurants in Phoenix, Chateau On Central gives residents a true city living experience.

“Chateau On Central’s buyers continually express their desire to leave their high-maintenance estates for a lock-and-leave property, eliminating the need for excessive upkeep. We offer the same exclusivity and lavish amenities as estates without the burden of pool maintenance, landscaping or security issues,” says Victoria Kulszan with Cambridge Properties.

ABOUT CHATEAU ON CENTRAL Chateau On Central offers 21 residences that each feature five levels of opulent living space in the heart of Phoenix. Every home is equipped with a private commercial-sized elevator to provide easy access to all five levels. With six flexible floor plans and multifunction light commercial zoning available, buyers can tailor each home to fit their individual needs including having an office on the first level with the residence above. Residences also feature gourmet kitchens with deluxe Viking appliances, multiple terraces, a customizable rooftop terrace that is perfect for a fireplace or outdoor kitchen.


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Rising need for “lock and leave” homes leads to loan products for Doctors.

Rising need for “lock and leave” homes leads to loan products for Doctors.

Medical Professionals are among the busiest people in the valley. Like most of us, physicians have many things they would rather do with their precious time off than mow the lawn and fix the plumbing. It’s because of this need for a carefree home environment that many medical professionals are looking at “lock and leave” residences such as Chateau on Central and Montelucia

At Cambridge Properties we have been the leaders in “lock and leave” convenience for almost 20 years. The Phoenix metro area is undergoing a shift in consciousness at the moment, away from suburban sprawl and towards high density city centers. At cambridge we are proud to be part of this movement and are happy to help anyone interested, make this transition to a more carefree AZ Life.