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Posts tagged “Scottsdale Real estate News

One of the worlds most remote Amethyst mines, in Arizona?

One of our favorite show’s on the discovery channel is Dirty Jobs with Mike Rowe. Mr. Rowe has worked tons of jobs across America but one place he’s yet to visit is a remote Amethyst mine on four peaks.

Earlier this year the crew over at Sami Fine Jewelry in Fountain Hills sent someone up in a Helicopter to one of the most remote mine locations on the planet, hoping to Lure Mr. Rowe to our lovely state. We all know that Arizona is rich in mineral deposits but the Four Peaks Amethyst mine is has the unique distinction of being the last operating Amethyst mine in north America.

What is amethyst? It’s a Purple colored variety of Quartz that is used often in southwestern art and jewelry. It’s nice to know that a store as prominent as Sami Fine Jewelry still takes time to explore its suppliers like this. At Cambridge properties we too believe that you can’t truly know what your selling if you don’t know where it comes from. We love learning about places like the four peaks Amethyst mine, it’s just another reminder that we live in a state that has more than meets the eye.

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Friday Fun Fact: Architecture used to be an Olympic sport! (the most boring sport ever We’re sure)

Not just architecture but also Architectural design as well as Town Planning… We can only imagine that tickets for these high energy event went fast. We can almost smell the drafting tables and pencil shavings, head over to wikipedia to see who holds the medals in each category.

If Architecture were an olympic sport today who would win? What country would take home the prize for most architecturally significant structures?


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.

 


Looking to find where the style focused Phoenicians mingle? Look no further!

We’ve told you before about the Phoenix Style Collective, no is your chance to meet them yourself! Join us in attending their Tastemakers event at Hanny’s downtown on July 26th!

Here is the announcement from the PSC website:

NETWORKING EVENT // TASTEMAKERS NIGHT

Mark your calendars for an upcoming networking event: Tastemakers Night at Hanny’s! When: Thursday, July 26 from 7-9 pm (but feel free to stay later and enjoy the restaurant/bar!)
Where: Hanny’s, 40 North 1st Street Phoenix, AZ 85004
Hey, Tastemakers, you need to come see this awesome historic place and mingle with likeminded stylish people. Come and go as you please – stop in for a drink or sit and have dinner – and participate in a laid back networking event designed to give you access to the coolest local business owners, artists and bloggers. The converted department store boasts tons and tons of photo opportunities! Bring business cards and an outgoing attitude! You’ll need them for a fun activity 🙂

(Hanny’s is located very close to the light rail and there is also metered parking and several paid parking lots downtown.)

A unique spot unlike any other restaurant you’ve been to? A gaggle of fabulous creatives to mingle with? There’s no way you can miss this!

Learn more about Hanny’s history here. See a map of Hanny’s here.

Saying goodbye to Los Arcos Methodist Church.

The Los Arcos Methodist Church in Scottsdale was not alwasy an architectural oddity in south Scottsdale.  In 1966 construction was finished on this midcentury modern church intended to be a “Church in the marketplace” referring to the nearby Los Arcos mall. (now skysong.)

It’s amazing to think about all of the modern architecture that exploded here in the valley in the 60’s, especially in places of worship. The website Modern Phoenix highlights many of these and more midcentury treasures the valley has to offer.

Sadly the days of Los Arcos are finished, and not in some esotric sense, it’s been demolished. Here are some photos of the demolition. (The congregation however is still alive and well.)

(Here it is with the windows missing.)

(Here showing the aftermath.)

(Almost mockingly, the sign has been left intact.)

Progress can be a good thing, but here in the west we are all too quick to scrap something and start over. Los Arcos may not have been had great attendance but it’s design speaks of a time not long ago, when Scottsdale was just beginning to find it’s voice. It was churches and buildings like Los Arcos that inspired people to think of Scottsdale as the modern city we know today. It’s worth taking a second to remember that without reminders of our past, we may loose sight of our future.