Living in Phoenix

Search Phoenix MLS at Living in Phoenix, the website and blog for Robert Foreman, HomeSmart Elite. Search Phoenix metro area for homes and newbuilds alike.

Would you throw away $20,000? You are if you’re letting your home age faster than it should. Here’s a simple maintenance strategy to keep your home young.

What’s Your Home Worth?

Determining the perfect asking price involves psychological reasons as much as practical reasons, The Wall Street Journal reports.

Fixed-rate mortgages sank to the lowest average of the year last week, yet mortgage origination activity remains lackluster. Why aren’t more home buyers taking advantage of the lower borrowing costs?

Search Phoenix MLS at Living in Phoenix, the website and blog for Robert Foreman, HomeSmart Elite. Search Phoenix metro area for homes and newbuilds alike.

In fact, researchers at the Institute of Psychiatry at the University of London say multitasking can lower your IQ more than smoking marijuana or missing one night’s sleep. The researchers studied 1,100 workers at a British company to find how multitasking with electronic media affected a person’s IQ.

Those who lost a home to a foreclosure or short sale between 2007 and 2013 are projected to make about 10 percent of all U.S. home purchases this year, according to John Burns Real Estate Consulting. That percentage is expected to rise in 2015 and 2016 as more of these so-called “boomerang buyers” become eligible for new loans, the firm estimates.

Home owners may find higher electricity costs are taking a bigger chunk from their wallet. The average price of electricity to residential customers reached its highest point in May than in the past two years, increasing 3.4 percent year-over-year, according to the U.S. Energy Information Administration.

Metrostudy is projecting homebuilding to rise 18 percent next year for single-family housing starts, compared to a 6 percent increase expected for this year.