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First Time Homebuyer Tax Credit Extended Into 2010! Plus...A New Tax Credit for Certain Existing Home Owners! It's official. President Obama has signed a bill that extends the tax credit for first-time homebuyers (FTHBs) into the first half of 2010. ...[Read More]
Subprime loans were problem, but overall, broader economic woes contributed to pain Home-foreclosure activity has spilled across every geographic and socioeconomic border this year, proving that no community was too cautious, clever or well-funded to remain ...[Read More]
A Historic Time to Buy Young people just starting to invest and buying their first homes are potentially the winners in this recession. First-time homebuyers, most between the ages of 25 and 45, accounted for about 45 percent of home sales from January ...[Read More]
Signs advertise available retail spaces in the Chandler Mercado shopping center at the northwest corner of Arizona Avenue and Warner Road in Chandler. Feb. 10, 2009. No improvement seen for retail real estate Store closings will continue to outpace openings ...[Read More]
Home prices in Arizona fell less than forecast Sept. 29 -- Home values in 20 U.S. metropolitan areas declined less than forecast in the year ended in July, a sign the housing slump that led to the worst recession in seven decades is abating. The S&P/Case-Shiller ...[Read More]
Freddie Mac (NYSE:FRE) today released the results of its Primary Mortgage Market Survey (PMMS) in which the 30-year fixed-rate mortgage (FRM) averaged 5.04 percent with an average 0.6 point for the week ending September 24, 2009, unchanged from last week ...[Read More]
Washington Report: Tax Credit Changes The first major change to the $8,000 home buyers tax credit began moving through Congress last week, giving hope to real estate and building groups pushing for extension of the entire program before it expires Nov. ...[Read More]
Valley home prices holding steady 3-month trend indicates 27-month freefall may have come to an end, ASU expert says After a record-breaking 27 months of decline in the Valley's median home price, some of the most influential local real-estate analysts ...[Read More]
Purchases of new homes in the U.S. climbed 11 percent in June, the biggest gain in eight years, adding to evidence the slump that began in 2005 is stabilizing. Sales increased to a 384,000 pace, higher than any forecast of economists surveyed by Bloomberg ...[Read More]
Two new reports show slow improvement is being made in the East Valley's new and existing home markets. Home sales increase, median price down Housing market may be changing course Last month, new-home construction permits reached 1,018 across the ...[Read More]
In June 2009, 11,820 resale homes recorded as being sold, while there were 9,980 recorded sales in May and 7,840 sales for a year ago. Foreclosure activity in June 2009 represented 34 percent (4,060 transactions), while there were 7,760 traditional market ...[Read More]
To further provide better service to all my long time clients as well as new clients, I have just been certified as an REO Specialist. What is an REO Specialist? REO stands for Real Estate Owned properties - owned by lending insititutions. My certifcation ...[Read More]
The number of U.S. households on the verge of losing their homes dipped in May from April, and the annual increase was the smallest in three years. But as layoffs, rather than risky mortgages, become the main reason that borrowers default on their home ...[Read More]
I just read this Article from from USA Today and thought I would share it with you. Has the market leveled out or will we re-test the lows? What is your thoughts? — The number of U.S. households faced with losing their homes to foreclosure jumped ...[Read More]
Do you know what your home is worth in Arizona? SEARCH FOR YOUR ZIP CODE BELOW A house near 44th Street and Southern Avenue in Phoenix sold last month for $33,000. It's in zip code 85042, in Southeast Phoenix, where the price per square foot dropped ...[Read More]
Pending home sales jump 3.2% Buyers defy expectations with an increase in sales contracts signed during March. Pending home sales rose in March for the second consecutive month and are up year over year. The Pending Home Sales Index from the National Association ...[Read More]
Today all you see is Bank Owned Listings and For Sale Signs all over the place. Yes it is a buyers market and a great one at that. Have you seen some of the homes available and the amazing low prices the banks have placed on the home? Arizona Bank Owned ...[Read More]
Indicators of Recovery You may not be quite ready to accept the idea that housing on a national basis has moved beyond bottoming out and is now in slow recovery mode. But think about this: Even if you're bearish on the market, you've got to notice ...[Read More]
Are you a homeowner that is stressing out or concerned you may be headed for a foreclosure on your home? Do you know what to do or who to turn to? You need to talk to three types of people for help: the first person to discuss your personal situation with ...[Read More]
If you are a buyer looking to purchase a Bank Owned Property, REO property, for yourself or as an investor, DO NOT kid yourself these homes are NOT easy to find. If you think you can drive neighborhoods and find these homes it will not happen very often. ...[Read More]
In March, foreclosures fell, sales in some areas hit record highs For the first time in years, there's good news coming out of metropolitan Phoenix's housing market. In March, home sales soared to levels not seen since 2005, foreclosures fell for ...[Read More]
Positive cash flow, high cap rates, reduced prices, low vacancy rates, still one of the fastest growing areas in the country. Yes, this is what investors are seeing in the metro Phoenix market for multi unit properties and they are starting to act on the ...[Read More]
Drop in mortgage rates trigger race to buy homes in Phoenix Arizona Tumbling interest rates are setting off a mortgage-refinancing scramble among homeowners and pulling undecided buyers into the market. Loan terms for 30-year fixed-rate mortgages fell ...[Read More]
Mortgage Rates to Fall Further: 7 Things to Know Here's what you need to know about the Fed's surprise attack on the housing crisis. And you thought 5 percent was a good rate? After already bringing mortgage rates down near 50-year lows, Fed Chief ...[Read More]
Well it’s been a quite a while since the market has allowed investors to get back in the real estate game, but it’s finally here. With the stock market continuing to tank and retirement accounts shrinking the average person is looking for something ...[Read More]
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