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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]
Phoenix/Scottsdale-area home resales jump in February, mostly because of foreclosures The Phoenix area recorded 8,510 home resales in February, a surge from 6,960 in January and 4,675 in February 2008. Foreclosure sales represented 4,295 of the February ...[Read More]
Second homes: Rain, rain stays away almost every day in Scottsdale, Ariz. Scottsdale has a lot to offer the second-home owner, but much of the appeal can be summed up in one word: sunshine. That is the forecast for as many as 330 days each year, coupled ...[Read More]
WHAT ARE YOU WAITING FOR.......... ??????? I've been saying it for months, and I'll say it again NOW is the time to get off the fence and buy! And if you are another Real Estate Agent / Realtor in Scottsdale, Cave Creek or North Phoenix you're ...[Read More]
MESA, Ariz. – Seeking to tackle "a crisis unlike any we've ever known," President Barack Obama unveiled an ambitious $75 billion plan Wednesday to keep as many as 9 million Americans from losing their homes to foreclosure. Announcing ...[Read More]
Could the tide be turning for real estate? It's probably premature to make that call, but you can't ignore the encouraging signs -- especially when they come in multiples. First we saw a surprising 6.5 percent jump in home sales for December. Now ...[Read More]
WASHINGTON (AP) — The Senate voted Wednesday night to give a tax break of up to $15,000 to homebuyers in hopes of revitalizing the housing industry, a victory for Republicans eager to leave their mark on a mammoth economic stimulus bill at the heart ...[Read More]
Stimulus: Senate's housing hopes Lower mortgage rates, a foreclosure moratorium and more attractive tax credits to spur home buying are among possible amendments to recovery bill. NEW YORK (CNNMoney.com) -- As the economic stimulus package moves to ...[Read More]
It's not easy for anyone to get a loan these days, but the Federal Housing Authority is still offering 3.5% down loans to borrowers who qualify. Here's how it works. NEW YORK (CNNMoney.com) -- The credit crunch has made it hard for anyone to get ...[Read More]
Per Forbes.com Motivated sellers in these cities are fueling deals and hastening recoveries. Something funny's happening in Las Vegas. Home sale prices from last year are down 28%, but home sales are up 15%. The reason? Motivated sellers--those in ...[Read More]
Real Estate Outlook: Follow the Money by Kenneth R. Harney Is the economic glass half empty or half full? Talk to different groups of forecasters and you get different answers, but basically a similar consensus: The national recession is likely to drag ...[Read More]
Real Estate Predictions for 2009 2009 is likely to be a year of continuing adjustment to a changing real estate marketplace. Prepare yourself and your business with these predictions from HGTV’s FrontDoor.com Web site. Sellers will continue to face ...[Read More]
Buyers Increasingly Suspicious of Foreclosures Fewer buyers are willing to consider purchasing foreclosed property than they were seven months ago, according to a study commissioned by Trulia.com and RealtyTrac. Seven months ago, 54 percent of adults surveyed ...[Read More]
30-Year Rates at Lowest in 4 Years Freddie Mac reports a decline in the 30-year fixed mortgage rate to 5.47 percent during the week ended Dec. 11 from 5.53 percent last week and 6.11 percent a year ago. Some lenders are locking in even lower rates as they ...[Read More]
See a 3,000-square-foot home, built in 2005, on the auction block with opening bid set at $50,000. Or a possible rental property, built in 1962, with an opening bid of $10,000. It's enough to make your palms itch. But before you raise your paddle, ...[Read More]
Low-rate mortgage plan generates hope Valley would benefit, analysts say Home builders and industry analysts say a proposal to offer federally subsidized mortgage rates as low as 4.5 percent could go a long way toward reviving the Valley's decimated ...[Read More]
Relocation is a part of the corporate lifestyle. If it was not for a relocation package from corporations many employees would not be able to relocate because of the expense of moving. If employees do not relocate then many would never move up the ladder ...[Read More]
There seems to be this big green movement going on. Everywhere you look, something is either “green”, “eco friendly” or environmentally friendly. If you haven’t got in on the big green movement or even if you have, this is ...[Read More]
New breed of investor looks to housing market They don’t plan on a quick flip: ‘Prices have to go back up eventually’ Ross D. Franklin / AP file “You don’t wait for the bottom of the market,” “You wait till it ...[Read More]
Investors For Phoenix, AZ Real Estate OK, the election is over and we will have a liberal democrat as president. Don’t fear there is always something you can do to protect your money, your investments, your 401k and you IRA. That something is get ...[Read More]
No matter the circumstances, there’s a lot of stress a homeowner goes through in a foreclosure or a short sale. The loss of the home itself and any equity can add a lot of anguish to a situation that may be beyond the control of the homeowner from ...[Read More]
Existing home sales in the Valley jumped a staggering 70 percent last month compared with September 2007, overshadowing a 5.5 percent increase in national home resales for the same period. Home resales in Maricopa and Pinal counties rose to 5,749 units ...[Read More]
Anyone looking for advice on how to close a deal in a tough market might get some inspiration from William Bronchick and Ray Cooper, authors of How To Sell A House Fast In A Slow Real Estate Market (2008: John A. Wiley & Sons). Here are some of their ...[Read More]
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