There is SO MUCH in the news about rising mortgage interest rates lately. It seems like just a moment ago we were seeing mortgage rates hovering around 3.75%. Those days are very likely behind us as we approach 5% and beyond on a more regular basis. While this might seem catastrophic to some, the reality is that rates below 5% are NOT the norm. The average interest rate over the last 50 years is somewhere between 8% and 9%. Regardless of that fact, increased mortgage interest rates will affect … [Read more...]
LUXURY CONDOS IN CHANDLER: Simple yet tasteful living
The baby boomers....They've been credited or blamed for so much that has shaped our society over the past several decades. And now we're starting to see the housing market respond to a shift in their home buying behavior. Have you noticed all of the luxury condos in Chandler and other parts of the valley? Those either retiring or planning to soon, whose birds have flown the nest, are ready not only to downsize, but to simplify as well. Yard work? Um, No! Outdoor maintenance? Who needs it? A … [Read more...]
Downtown Phoenix is Rising and Diverse housing options abound
Have you been to downtown Phoenix lately? There is an incredible amount of activity around the light rail. Hot new restaurants and clubs seem to be coming in every month; new business and corporate headquarters are filling up high-rise buildings; supermarkets are sprouting up to serve the influx of people wanting to be in the center of the action. Phoenix is rising and diverse downtown Phoenix housing options abound. I first moved to Phoenix from New York in the early 80's. While I loved the … [Read more...]
Chandler Chamber of Commerce Economic Update: JOBS!
The Chandler Chamber of Commerce Economic Update was held last week at the San Marcos Hotel and the word of the day is JOBS! While I don't have the exact figure related to how many new jobs came to Chandler in 2016, how's this for a round number: A LOT! Companies like NXP, Republic Services, DaVita RX, ETW Software, State 48, Wells Fargo, Bank of America, Orbital, Rogers Corporation, and many others either opened or expanded in Chandler last year. Anywhere from 50 - 600 jobs have been added by … [Read more...]
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