CoreLogic: Phoenix foreclosure rate continues to fall
The latest figures released Tuesday by CoreLogic show home foreclosures in metro Phoenix continue to gradually decline -- and at a faster rate than the nation. The rate of foreclosures among outstanding mortgage loans in the greater Phoenix area came in at 2.84% in April, a 1.1 percentage point drop from the same month last year. That's almost half the rate the Valley saw in December 2010, when the foreclosure rate was 5%.
Read article - Denver Business Journal
New-home sales surge to fastest pace in two years
Americans bought new homes in May at the fastest pace in more than two years, adding to evidence of a slow but steady housing recovery. Sales of single-family homes jumped 7.6% to a seasonally adjusted annual rate of 369,000 units, the highest since April 2010, the Commerce Department said Monday.
Read article - MSNBC
Wednesday, June 27, 2012
Tuesday, June 5, 2012
short sales may go away
Could short sales disappear at the end of this year?
A big tax break for homeowners short selling their house is set to disappear in six months. It's the 2007 Mortgage Forgiveness Debt Relief Act, and experts said if you want to short sell your home, you should act fast. If the Act goes away, short sellers would have to pay taxes the dollar difference between what your mortgage is and what their home sells for.
Read article - KPHO.com
A big tax break for homeowners short selling their house is set to disappear in six months. It's the 2007 Mortgage Forgiveness Debt Relief Act, and experts said if you want to short sell your home, you should act fast. If the Act goes away, short sellers would have to pay taxes the dollar difference between what your mortgage is and what their home sells for.
Read article - KPHO.com
Monday, June 4, 2012
Is this a sellers market yet?
Phoenix Housing Market Continues to Improve
The Phoenix residential real estate market is quickly becoming more favorable to sellers, as the average home selling price continues its upward path. While more homebuyers are entering the market, one of the biggest factors in the pricing gains seen thus far this year is the limited number of sales inventory. The limited sales inventory has led to bidding wars in which homebuyers are paying more than the asking price in many cases. That trend is very much making the housing market a seller's market.
Read article - The Real Estate Media
The Phoenix residential real estate market is quickly becoming more favorable to sellers, as the average home selling price continues its upward path. While more homebuyers are entering the market, one of the biggest factors in the pricing gains seen thus far this year is the limited number of sales inventory. The limited sales inventory has led to bidding wars in which homebuyers are paying more than the asking price in many cases. That trend is very much making the housing market a seller's market.
Read article - The Real Estate Media
Wednesday, May 30, 2012
Phoenix Booming
Home prices up in most cities; among biggest gains - Phoenix
Metro Phoenix home prices are rising faster than anywhere else in the country, according to the latest national data. The Case-Shiller Home Price Index shows the average existing home price in the Phoenix metro area in March increased 2.2% over February of this year. That's the largest increase of any of the 20 major U.S. cities tracked.
Read article - azcentral.com
Americans' Perspective on Home Ownership Shifts
Home ownership is getting more emotional than it used to be. According to a new survey, Americans are increasingly saying that the real value of home ownership is emotional, not financial. That marks a stark contrast from Americans' perspectives on home ownership during the housing boom, in which they mostly viewed it as a financial venture. The more emotional ties to home ownership are causing Americans to get more practical in their home buying.
Read article - Realtor Magazine
Metro Phoenix home prices are rising faster than anywhere else in the country, according to the latest national data. The Case-Shiller Home Price Index shows the average existing home price in the Phoenix metro area in March increased 2.2% over February of this year. That's the largest increase of any of the 20 major U.S. cities tracked.
Read article - azcentral.com
Americans' Perspective on Home Ownership Shifts
Home ownership is getting more emotional than it used to be. According to a new survey, Americans are increasingly saying that the real value of home ownership is emotional, not financial. That marks a stark contrast from Americans' perspectives on home ownership during the housing boom, in which they mostly viewed it as a financial venture. The more emotional ties to home ownership are causing Americans to get more practical in their home buying.
Read article - Realtor Magazine
Tuesday, May 29, 2012
Multiple offers on bids now!
Signs of 'Housing Spring': Bidding Wars
MultiplSigns of 'Housing Spring': Bidding Wars
Multiple offers and bidding wars have returned to some housing markets amid shrinking supplies of homes for sale. Last month, nine of 18 leading markets tracked by real estate brokerage Redfin had less than a three-month supply. Those markets included the San Francisco Bay Area, Phoenix, Denver and Washington, D.C.
Read article - CNBC
MultiplSigns of 'Housing Spring': Bidding Wars
Multiple offers and bidding wars have returned to some housing markets amid shrinking supplies of homes for sale. Last month, nine of 18 leading markets tracked by real estate brokerage Redfin had less than a three-month supply. Those markets included the San Francisco Bay Area, Phoenix, Denver and Washington, D.C.
Read article - CNBC
Monday, May 21, 2012
Did we have problems finding funding for condo? read below :)
FHA may loosen limits on condo mortgages
The FHA is readying changes to its controversial condo rules. The revisions could remove at least some of the obstacles that have dissuaded condo homeowner association boards from seeking FHA approval or recertification of their buildings for FHA loans in the last 18 months.
Read article - LA Times
The FHA is readying changes to its controversial condo rules. The revisions could remove at least some of the obstacles that have dissuaded condo homeowner association boards from seeking FHA approval or recertification of their buildings for FHA loans in the last 18 months.
Read article - LA Times
Wednesday, May 16, 2012
THIS IS AWESOME!!!!!!!
Back from foreclosure to homeownership
A growing number of Americans are making a surprisingly quick return to homeownership after defaulting on their loans or being forced into short sales that cost their banks money. Data is not available, but interviews with more than 30 lenders, builders, Realtors and consumers suggest that this is the case. Much of the comeback wouldn't be possible without help from the U.S. government, namely the Federal Housing Agency.
Read article - MSNBC
A growing number of Americans are making a surprisingly quick return to homeownership after defaulting on their loans or being forced into short sales that cost their banks money. Data is not available, but interviews with more than 30 lenders, builders, Realtors and consumers suggest that this is the case. Much of the comeback wouldn't be possible without help from the U.S. government, namely the Federal Housing Agency.
Read article - MSNBC
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