- Your Voice
The nation’s housing industry managed to dodge the remaining potholes that continue to mar the road to full recovery, and in the process, turned in a strong showing in September. Housing starts surpassed the million mark for the third time this year, according to newly released figures from the U.S. Department of Housing and Urban Development and the U.S. Census Bureau. Rising 6.3 percent during the month and 17.8 percent year-over-year, groundbreakings reached a seasonally adjusted annual rate of 1.017 million units.
In 2004, then-Phoenix Mayor Phil Gordon let it be known that he had identified a secret weapon in the fight against neighborhood crime and isolation. The deterrent wasn’t a literal weapon. It was a front porch bench, which served as the focal point of Gordon’s Front Porch Bench Initiative. In essence, the mayor urged Phoenix residents to buy a bench, place it in front of their homes and use it to get to know their neighbors.
One of the most exciting parts of building a new home is the opportunity to put your own stamp on it. From flooring and lighting to appliances and countertops, there certainly is no shortage of choices available when the time comes to select the perfect balance of colors, textures and finishes that reflect your taste.
The American dream of homeownership is alive and well, just as it was before the housing crisis hit. Despite the extreme fallout from the Great Recession, people still want a place to call their own. A place where they can raise a family, make memories and live comfortably. And, while purchasing a new home provides tremendous opportunity for families looking to improve their lives, the implications are even greater to the economy as a whole.
Ah, summertime in Arizona. A time for cooling off in the backyard swimming pool, barbecuing with family and neighbors and planning our seasonal escapes to cooler climates. It’s also the time when living in an energy-effient home can mean the difference between receiving a monthly electricity bill that’s manageable and one that causes your blood to boil.
As we enter peak home-buying season, it appears that overall consumer confidence is on the rise, according to the latest information from Fannie Mae and other sources.
Five years after the end of the Great Recession, contractors and construction professionals are facing the opposite labor pains of employers during the economic downturn: a shortage of skilled workers. But here’s a piece of good news. Trade industry journal Engineering News-Record (ENR) recently reported that although federal funding for career and technical education programs has decreased by more than 13 percent a year, construction firms are taking an active role in seeking new workers with the help of state funding.
Computer technology has changed the way consumers shop for everything from shoes to homes. Thanks to easy access to online data, 90 percent of homebuyers surveyed by the National Association of Realtors in 2012 said the Internet was their top information source when searching for a home (compared to just 27 percent who said they typically turned to newspaper ads first). Further, 62 percent of buyers who participated in the NAR poll reported that virtual tours propelled them to follow up with a personal visit to the homes they viewed online.
The Great Recession may be in the rear-view mirror, but its effects on household formation are still being felt. According to researchers, 1.2 million more adults live with their parents than just eight years ago.
Real estate deals that implode- chances are, either you have experienced one or know someone who did. Here is a “best of” or more appropriately, “worst of” list of deal killers in the Northwest Tucson and how to avoid them.