Things are heating up in the Downtown Phoenix real estate market. This is especially true when it comes to Bank Owned properties. Buyers are coming back into the market to take advantage of the good deals. Actually, so much so, that many properties are attracting “multiple offers”. If you are in a position to buy, don’t wait for the market to hit bottom, because in some segments of the market, I believe we have hit bottom.
Word on the street is that Alta Phoenix is now open and residents are moving in. If you live there, drop us a line and a few pictures – we’d love to see what the inside looks like! Update: Here’s an email we just received- The time has come, we are opening our doors for… Read more
The Encanto-Palmcroft neighborhood, with all of it’s old world charm and palm-tree lined streets, will be putting on their bi-annual Home Tour & Street Festival on Sunday, March 29th from 10 AM to 4 PM. The majority of the estate-like homes in this neighborhood were built in the 1920’s and 30’s, including Spanish Colonial homes and Tudor Revivals alhtough there are also a few classic Red Brick Ranch homes from the 50’s. Past neighbors of note in the Encanto-Palmcroft neighborhood have included US Supreme Court Justice, William Renquist, former Phoenix Suns star Alvan Adams, former Phoenix Mayor John Driggs and many more.
The City of Phoenix is receiving nearly $40 Million from the Federal Government in Neighborhood Stabilization Funds, which it will be using to help Phoenix residents buy “Bank owned” homes within the city limits. Approved applicants will receive $15,000 to go toward their down payment and closing costs. You do not have to be a first-time homebuyer to participate in the program, but the property you buy does have to be your primary residence.
ASU and other public and private sector partners are exploring the possibility of creating vital urban hubs where canals meet major streets throughout metro Phoenix. These hubs could range in size and character, depending on community requests. ASU students are conducting a public survey and would like your feedback.
The Downtown Phoenix Partnership is putting the finishing touches on a wayfinding project – and now they are asking for public input.
Please take a moment and take this brief survey to indicate your preferences. Thank you in advance for taking part in reshaping Downtown Phoenix!
One of the components of the recently passed Stimulus Bill which probably contains the most significant potential to impact an individual person or couple, is the $8,000 Federal Tax Credit available to First-time homebuyers. This Tax Credit is available to anyone who does not currently own a home or who has not owned a home during the last 3 years. The Credit is a direct reduction of a person’s Tax liability and can even result in a Tax Refund if your Tax liability for the year is less than the amount of the Credit.
Historic Home Tours are always very interesting and a lot of fun. The upcoming Coronado Home Tour should be no exception. Coronado is one of the most intriguing Historic neighborhoods in the Downtown Phoenix area. In addition to some great restaurants in restored 1920’s buildings and other cool spaces, the neighborhood is home to a wide variety of 1920’s housing stock including brick bungalows, spanish style bungalows, little neighborhood store front buildings and old church buildings, converted into “loft like” spaces.
A couple of years ago, due to escalating Real Estate prices, there was a pretty large segment of our local population that considered living in Downtown Phoenix, but could just not afford it. The downturn of our local and national economy over the last few years has changed all of that. For those people who… Read more
This cute, brick bungalow with covered front porch and covered carport represents a great owner-occupied or investment property opportunity in the Central Park neighborhood of SoDo Phoenix. City Park with Recreation Center just steps away from the property. Just around the corner from the Bentley Projects Gallery and City Bakery. Just a short walk to… Read more