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CATHERINE REAGOR REAL ESTATE
AN ARIZONA REPUBLIC
Phoenix housing market bounces back from bust
& with Hilary Hilarr y Farr and David Visentin of HGTV HGTV’ss show show, ‘Love Love It or List It’ It JOANNA BRATHWAITE THE REPUBLIC | AZCENTRAL.COM
I admit, I binge-watch home-improvement shows on lazy Saturday afternoons. I tell myself after each episode that I’m going to start cleaning and exit stage left from my role as glorified couch potato. Alas, six hours later, I’m still sitting there yelling frustrations at homeowners’ poor choices and adding to my Home DĂŠcor Pinterest board. If you have a passion for home improvement and an insatiable appetite for HGTV, then you will love this year’s Maricopa County Home and Garden Show at the Arizona state fairgrounds on Sept. 23-25. HGTV’s “Love It or List Itâ€? interior designer Hilary Farr and realestate agent David Visentin will greet fans and answer your most burning questions. The duo shared with us some insight on what we can expect at the show, their love of real estate and why it’s valuable to a city. See SHOW, Page 3R
"The value of real estate to a city is huge. A community that is invested in making deep roots in an area creates a commitment to making their city the best it can be." HILARY FARR CO-HOST OF HGTV’S “LOVE IT OR LIST IT�
HGTV/SCRIPPS NETWORKS, THINKSTOCK AND ALEX GREGORY/GANNETT
Phoenix has gone from being one of the worst housing markets to one of the best in less than a decade, according to a new ranking. The Valley landed at No. 2 on Bankrate.com’s list of the top U.S. cities for homeowners. That puts us behind only Portland, Ore., on the consumer-finance firm’s rating. I love great news for metro Phoenix’s housing market. But is this just another housing list based on random research? Or is it a real indicator metro Phoenix’s housing market has bounced back from the bust faster than many other U.S. cities? Bankrate used several indicators including appreciation, property tax costs and foreclosure rates to compare housing markets. Metro Phoenix has had higher than average increases in home values and has some of the lowest property taxes in the county. Phoenix’s low foreclosure rate also propelled it toward the top of the list, according to Bankrate. Only six years ago, high foreclosures garnered us the notso-nice label “boomtown gone bust.� A deeper look at the study shows Bankrate tapped credible sources, including ATTOM Data Solutions, the Council for Community and Economic Research, the Federal Housing Finance Agency and the National Association of Insurance Commissioners to rate cities from 1 to 10 in several categories. Here’s most of metro Phoenix’s scorecard followed by my gut-check reaction for the category: Affordability: 8. The Valley is the eighth-most-affordable big U.S. metro area to buy a home, according to national mortgage firm HSH.com. Property insurance: 8.99. Thanks to few catastrophic storms and big natural disasters, Arizona has the third-lowest average homeowners insurance premium in the U.S., according to the Insurance Commissioners. Property taxes: 8.38. Arizona has one of the most convoluted systems to tax homeowners in the U.S. But the state is one of the least expensive places for property taxes, according to several rankings. Energy: 5.32. Here’s where metro Phoenix take a fair hit due to its tripledigit temperatures pushing up AC bills. Appreciation: 9.51. Home prices have doubled in the Valley since the area’s housing market hit bottom in 2011. Foreclosures: 9.46. Valley homes taken back by lenders are back to low pre-bust levels, not seen since 2006. So I think it’s fair to say we are No. 2. And that rhymes with ... Woo hoo!
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Watch The Home Hunter ABC 15 9am this Sunday. Hilltop MLS# - 5435721 Estate. Overlooking the city with incredible panoramic views, Bedrooms - 4 this luxury home will take your breath away. Alder cabinetry and Bathrooms - 4 granite-topped island with vegetable sink in the caterer’s kitchen. Pool - No Extras include a butler’s pantry, six-burner gas cooking and more. Magnificent wall of glass across the breakfast room. Soaring barrelSq. Ft. - 3,518 vaulted ceiling. King-sized sitting room master with double walkParking - 4-Car Garage in closets. En-suite bedrooms. Fourth bedroom set up as an office. Lot Size - ACRE-PLUS 100 mile views from the expansive patio with custom outdoor ZIP Code - 85020 kitchen and two-way fireplace. Temperature controlled workshop off the four car garage. Over an ACRE close to mountain preserve. Online Pics - ThoseCallaways.com – Joseph Callaway Price - $775,000
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MESA | 8930 East Omega Street | Open Today 12–4PM
VIEW-RICH NEVER-OCCUPIED EAST MESA BEAUTY. MLS# - 5438690 Surrounded by pristine Sonoran desert-scape, this stunning home Bedrooms - 5 enjoys a superb panorama of dramatic mountain and city lights Bathrooms - 4 views from its secluded perch in gated Tierra Rica in the hills of Pool - Yes East Mesa. Sun-dappled living room opens to one of the home’s numerous alfresco patios. Pillar-framed dining room. Kitchen w/ Sq. Ft. - 4,255 bevy of upscale appliances, staggered-height cabinetry. Office/ ZIP Code - 85207 fifth bedroom next to view-rich master retreat. Upper-level w/three large bedrooms, two baths, game room, family room, two super- Online Pics - BaldwinTeam.com Price - $799,000 spacious view-decks. Plethora of patios, sprawling sun-lounge decks. Shimmering waterfall pool. Great access to the Loop 202. Visit tourfactory.com/1563920. Inside: details, directions.
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