Many people recognize this upcoming Monday, as a day off from work. But really its a celebration of Martin Luther King Jr., a man who did great things for our country.

If you want to celebrate the right way, HandsOn can help. HandsOn Greater Phoenix is a great NonProfit in Downtown Phoenix that serves the community at large. Every month, HandsOn offers more than 60  diverse, high-impact, one-time community service projects. Martin Luther King Day is a large-scale special days of service for them.

This Monday at 2 p.m. you can head to Fair Trade Cafe & Gallery at Civic Space Park for Eat, Dream, Share. There will be music, poems, songs, laughter, ideas, food and to share personal expressions of how Martin Luther King Jr. impacted your life. And it’s like a pot luck. Participants are asked to bring a dessert to share. If you’re bringing the kids (who have the day off too!) There’s an  spoken word and musical performances by Queen of Queen’s Band Project, Miouo Nance the poet & The Positive Vibes from 6:30 PM-9:30 PM at the A.E. England Building Civic Space Park.

If you’d like to get a jump start on your weekend, HandsOn with also be hosting a 16+ Mural Revitalization this Saturday from 8-12 updating a 1998 mural on 16th Street.

Spots fill quickly, so contact them today and celebrate.

Good news for you Downtown Phoenix home renovators out there.

In an effort to continue stabilizing home values and improve conditions in communities experiencing high foreclosure activity, the Federal Housing Administration (FHA)  has extended the FHA 90 day flip rule temporary waiver of the anti-flipping regulations. The extension will permit buyers to use FHA-insured financing to purchase HUD-owned properties, bank-owned properties, or properties resold through private sales. The extension  will continue through December 31, 2012, unless otherwise extended or withdrawn by FHA.

The waiver contains strict conditions and guidelines to prevent the predatory practice of property flipping, in which properties are quickly resold at inflated prices to unsuspecting borrowers. (We like responsible renovations here. Flipping can be a little nasty, you know.)

All other terms of the existing waiver remain the same, and these transactions continue to be limited to sales meeting the following conditions:

• All transactions must be arms-length, which means buyer and seller are acting in their own interest in the sales transaction.
• In cases in which the sales price of the property is 20% or more above the seller’s acquisition cost, the waiver will only apply if the lender meets specific conditions and documents, like a lender review of property inspection report, the justification for the increase in value.
• The waiver is limited to forward mortgages, and does not apply to the Home Equity Conversion Mortgage (HECM) for purchase program.
• No pattern or history of flipping can have occurred in the previous 12 months.. One investor can’t flip to another investor and then flip to an FHA buyer.

You can read the full FHA 90 day flip guidelines details here.

So whats the big deal? Well, homes that are purchased at a low price and re-sold at a much higher price in such a short time period with little repairs/renovations are sometimes fraudulent.  Lenders are afraid of lending on homes that may be inflated or acquired under duress. With the 90 day flip waiver, and extension until December 31, 2012, investors can now accept offers from FHA buyers in the first 90 days.

Nova Home Loans has an investor for these types of loans.  Please call J Please call Jeannie Bolger, Sr. Loan Officer –for more information.

Market trends are upon us again! Try to contain your excitement.

Our Friend Cynthia Lujan from Old Republic Title was nice enough to send us new stats on the current market.

Between November and December supply was is once again on a downward trend for all price ranges. The strongest decline in supply is for homes under $100,000. Sales rates look better between$200,000 and $400,000 while above $400,000 demand is still a problem.  Demand from owner occupiers remains subdued due to strict underwriting standards for “jumbo” loans, but cash buyers including landlords and other investors are quickly snapping up a large part of whatever comes onto the market.

The supply from foreclosures continues to fall with more pending foreclosures getting resolved by short sales. Lenders are receiving fewer homes into REO inventory as a higher percentage of trustee sales result in a sale to a third party. Despite public perception to the contrary, price per sq. ft. has gone up  in the past year. (Do we hear that on the national news? Noooo!)

The strongest recent movement is for the price range below $100,000, where price per sq. ft. hit bottom in February and is now up nearly 7% over the last 12 months. With supply on a downward trend again we anticipate that the peak spring season will find most buyers frustrated by a lack of choice and fierce competition from other buyers.

So what does this mean for you? Buy now!

The inventory of houses between $100,000- 200,000 are down 46.6% and sales prices are now 6.9% higher than last year. Homes from 200,000-400,000 numbers aren’t as dramatic, with supply down 26% and prices up .3%. As all we all learned in our 10th Grade Economics class, as supply grows more limited, demand will drive prices up.

Need help finding a home? Call me today at 602-456-9388

Another year of great downtown growth and CenPho Memories will all come together in grand celebrations this weekend.

So if you’re hopping downtown for the evening there are great events going on all night.

You know, a great standard is The Clarendon Hotel. The rooftop is always a great place to ring in the new year. I may be there. Not certain yet.

CityScape’s skate rink is still open! It’s only $10 from 3pm- 1am for unlimited skating and portion of the night’s proceeds benefit Phoenix Parks Foundation. There of course will be a midnight fireworks show and complimentary champagne toast for the 21+ crowd.

Of course, there’s always the fiesta Bowl Block Party, where several thousand of you find yourselves ever year. Tickets to the block party are $20.00 and can be purchased at the entrance gates to the Fiesta Bowl Block Party.

George & Dragon, that wily British pub in Midtown (4240 N. Central Ave.), will be doubling up their new years; celebrating the New Year once at 5 p.m. (12am in the UK)  and then again at midnight here in AZ! It’s a free party, and a bloody good time.

If you’re trying to keep it classy, The Paisley Violin on Grand will be serving a delicious four-course dinner and smooth Jazz the entire evening.

And the best part is, you don’t need to be behind the wheel for any of it. The Light Rail will be offering a safe way to get to and from all your favorite New Years destinations. So ring in the New Year right and stay safe this weekend!

Its that time of year again, when Christmas decorations come out of dusty boxes and you can really tell who’s in the holiday spirit. We separate the meek from the jolly. Downtown leader Jim McPherson is organizing an effort to decorate Central Ave where the City can’t due to budget restrictions.

This weekend marks the 25th  APS Fiesta of Light Electric Light Parade here in Phoenix. In lieu of a lovely post-Thanksgiving snowfall, this long standing tradition announces the true beginning of the Christmas season downtown.

The parade start its march at 7pm this Saturday on Central Avenue at Montebello heading south, or you can catch the official judging tonight starting at 5. Does anyone know the official criteria for float judging? Is it based on lumens?

In addition to lighting up the night, APS will once again collect canned goods along the parade route for donation to St. Mary’s Food Bank. And of course Santa will be there, taking suggestions from good little girls and boys and keeping everything jolly.

Events like these are what make the downtown Phoenix community great. According to Jim McPherson, “Celebrating milestones and occasions helps to build community. Many residents, neighborhoods, arts and cultural institutions, businesses, and city officials are all working to foster that sense of community as more and more people move downtown and tourists visit our city.” Jim is just one of a group of people working to decorate Central Avenue for the season to help promote patronage and general Christmas cheer. Over time, Central Avenue became the primary place to hold such major parades and holiday events. According to Jim, the Central Avenue decorations that have gone up this year were first installed in 2002. But the holiday’s don’t just end with lights. CityScape has installed an ice rink and Christmas tree downtown for everyone to enjoy.

Not only is it a time for visitors to see our developing downtown, but the community comes together to celebrate a wonderful holiday season around their favorite local businesses.

I’m thrilled and honored to be listing 90 West Virginia, historically the Fairhope School.

This 4,183 square foot Spanish Revival home is THE flagship Willo Neighborhood property, sitting on just about 3/4 of an acre. There is no other parcel of this size in Willo, as this home was once the Fairhope School.

This recently-renovated 4-bedroom, 3.5 bath property includes a guest house, pool and incredible features, which you must see to believe.

Owning this property is like owning a piece of Phoenix history.  Built in 1930, the Fairhope school was a private academy for young ladies. It was billed as a modern marvel because it had the amenities to actually heat lunches for the children to eat.

In 1949, the school was remodeled in to a bed and breakfast called the Yum Yum Tree. It stayed that way until the 1970s when it was traded to a local attorney named Neal Roberts. Who is Neal Roberts you might ask? Well, this is where the history gets truly amazing.

He was one of the individuals implicated in the famous assassination of Arizona Republic journalist, Don Bolles at the Clarendon Hotel in June of 1976. Roberts owned the property and lived and worked there.

Sad history, yes, but this is the stuff that lovers of historic homes live for.

Later still, there were attempts to make it a bed and breakfast again. In fact, you can still see it listed on Trip Advisor.

The current owner and his wife lived at the Yum Yum tree for a short time in the early 1990s. So inspired by the history of the building and their memories, they bought the property and renovated it in 2008 with the help of well-known Phoenix Architect, Jerry Cook. Their work earned them the 2009 Phoenix New Times “Best Historic Renovation” honor.

I will have more “before and after” photos for you soon. For now, enjoy the “now” photos, below.

This is the kind of property that a true lover of history and architecture will naturally seek out. Viewings of this home are by appointment only. Please contact me at 602-456-9388 for more information.

Some features include: solar panels, bamboo flooring & tankless water heaters, fully restored 1950’s O’keefe & Merritt stove, Paperstone counters, walk-in pantry and an 800-bottle wine room.

Beautiful glassed gate doors attach structures to make one seamless property.

The veranda is classic Spanish Revival.

How did the know this was my dream kitchen?

Now, kids, repeat after me, "O'Keefe & Merritt stove."

They put the "master" in bathroom.

Naturally-lit master bedroom.

This is living!

The way a Phoenix pool SHOULD look.

If you’re planning on donating a turkey this year, you can donate at any of these locations.  

• United Food Bank (East Valley )November 21-23: 8:00 a.m. to 8:00 p.m.
• Donate at any Fry’s Food Store location by adding your donation amount to your grocery bill. A donation of $2.50 will provide enough food for 17 meals. A donation of $10 will provide enough food for 70 meals.
• Lee Lee International Supermarket is hosting a holiday food drive at all three Arizona locations until Tuesday to benefit two Arizona food banks. Donations from the Chandler location will go to the St. Mary’s Food Bank Alliance in Phoenix, which is most in need of beans (canned or dried), canned fruit and vegetables, canned soups, stews, chili and pasta, cereal, diapers, juice, peanut butter, rice and tuna (canned or vacuum packed).

St. Mary’s food bank has a few different locations available to donate:

• They will be collecting food donations at 31st and Thomas until Thursday 8am to 5pm at the Thomas and 31st Location, as well as
• St. Mary’s Food Bank Alliance is collecting cash and turkeys 11 a.m. to 6 p.m. Tuesday at The Stockyards Restaurant, 5009 E. Washington St., Phoenix. The Stockyards Restaurant, Valley of the Sun United Way, Rock Springs Pies, The Celebrity Theater and the Arizona Centennial Chopper will sponsor the drive.

Don’t have time to drop one off? There are plenty of online options for giving.

• Try Buy-A-Bird online! buyabird.org is an online shopping site where you can buy stuffed animal birds which directly donates to the St. Mary’s Food Bank Thanksgiving Drive
• The Real Gift Foundation’s 12th annual Thanksgiving Dinner Drive is taking place now.They plan to deliver 3,650 pre-cooked Thanksgiving dinners to homeless children (and their families) who attend more than 70 public schools throughout Maricopa County. In order to deliver the dinners, The Real Gift Foundation needs to raise more than $80,000. Just $25 dollars will feed a family of six. To donate, visit www.therealgift.org or call (602) 482-5800

Donate today and give back to your community for the holidays.

This Friday the 25th is not only  Black Friday and/or the day to fully commit to your post turkey food coma. It  is the beginning of Buy Local Week! Local First wants to encourage you to bring your holiday spending to great local businesses for unique gifts and community support. You can visit the website to see special deals from local business from November 25th to December 4th.

We all know that shopping locally not only supports community, but boosts local economy, and weeks like these are a great reminder that you can choose local everyday.

But your Local spending doesn’t have to wait until this Friday. If you’re planning to have your thanksgiving out, why not eat at a local restaurant? There are a ton of locally-owned restaurants that are offering specials. This year Avanti, on E. Thomas Road, is offering a 4-course prix-fixe meal with an Italian twist, and classic thanksgiving pies or pumpkin Cheesecake . One of our favorites, El Chorro, will be serving up the classic Thanksgiving dinner. Not to worry, the sticky buns will be available for dessert. La Piccola Cucina, is having a great thanksgiving feast featuring an incredible desert that is getting a lot of attention. It is a spiced poached pear over cannoli filling in a deep red wine sauce. Who could say no?

When you’re done with dinner, visit the Local First site for Holiday Tips to help you spend locally this season. They’re even sponsoring a Holiday shift contest. E-mail  Erica@localfirstaz.com with a list of ways you’re shifting your holiday spending, and you will be entered to win a great prize from a local business.

Remember to spend you holiday with the community you love and support local businesses this season. Have a Happy Thanksgiving!

Christmas has come early! Statistics and Graphs galore! If you’re looking for a home here in Phoenix, here is a trend that you might want to know about.

As a general rule, fewer  people buy houses between October and February. With the beautiful winter weather here in the valley, you would think sales would rise. But, most home buyers move in the late spring and summer in order to change schools. So, what does that mean for real estate agents….other than that we should probably go out and get second jobs waiting tables or pre-stocking for Black Friday?

What does it mean for you? Well, it’s great news if you’re a soon to be home buyer. As you can see by the graphs, sales per month is down between October and February while the monthly supply stays relatively the same. Aren’t graphs amazing?

Continue for more witty comments, below the graphs.

So, follow me here. If the sales per month are down and the inventory stays largely the same that is great for you if you are a buyer. It means that sellers are more desperate to sell. Not only are you going to have a greater selection, you might have an opportunity to negotiate the price!

So, get out into the beautiful weather and buy! If  you have any questions I’d be happy to help, just give me a call 602-456-9388

For anyone looking to live downtown knows, safe and affordable housing is a commodity. As downtown Phoenix experiences a renewed interest and cultural growth, we as a community need to think about ways to pursue reasonably priced housing options for the increasingly diverse population. Native American Connections has come up with a great housing option, that maybe you didn’t even know existed.

For over 40 years, Native American Connections has built community for our growing, city-dwelling Native American populations. In January, they will be opening mixed-use, mixed-income apartments, Devine Legacy, just across from the Campbell & Central light rail station.

For those of you who don’t know, mixed-income and mixed-use housing is pretty common place across major US cities, but is a fairly recent development in Phoenix.  So what does it mean? Mixed income housing is the idea that increasing diversity of the residents will improve the overall standard of living for the community. In Phoenix, we’re probably more familiar with mixed-use housing which is simply property which is used for both commercial and residential use. Commercial uses can help subsidize projects to allow for affordable or low-income housing.

One of the biggest problems facing mixed-use projects, both nationally and locally, is they require significant public subsidies. Through an IRS program and Arizona Department of Housing allocations, Devine Legacy has been funded through a unique low income tax credit system which allows support from the public as well as the government. This is only one of many projects Native American Connections is pursuing in Phoenix.

Devine Legacy, in addition to it 12000 square foot commercial space, will feature 65 units, ranging from studio apartments to town homes and lofts.   The Apartment includes  artist elements from local artists Randy Kemp and David Montour, high end appliances, ground floor parking, and a public court yard fully equipped with a sound system for community events, not to mention convenient access to the light rail.  The complex is also a part of the LEED Platinum community, which means Devine Legacy homes are  beautiful and safe at an affordable price.

If you’re interested in learning more about the project or units available you can visit their website. Applications are now being accepted for January and February move-ins.