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Lenders in 2009 foreclosed on about 41,000 single-family detached homes in Maricopa County , according to a report from Arizona State University. That's more foreclosures than the Valley has seen during any previous year on record, accounting for
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The Worker, Homeownership, and Business Assistance Act of 2009 has extended the tax credit of up to $8,000 for qualified first-time home buyers purchasing a principal residence. The tax credit now applies to sales occurring on or after January 1, 2009
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Many foreclosed homes are bought by investors who can pay cash, market watchers say. That means fewer homes are going to buyers who plan to live there and hang onto the house for a while. Owner-occupied homes ultimately help an area's recovery. The
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FHA LOAN CHANGES In February, President Bush signed a bill that made a temporary increase to both conforming and FHA loan limits. The U.S. Department of Housing and Urban Development (HUD) recently released the new limits, which range from $271,050 to
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With the increase in foreclosures lately you may have heard the term “short sale” and wondered what it was. A short sale is when the lender will accept less than the full amount due on a mortgage when a property is sold. Usually, the lender
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High Density Housing in Metro Phoenix Articles from the Experts… As part of our expanded coverage of high-density housing, including lofts, condos, and condo conversions, we are providing these links to articles that deal with this area of the
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Click Here To Search For Phoenix Metro Area Homes: www.AzRealtyPros.com With so many homes out there, buyers now have more time to ponder available homes. The average number of days on the market in February of this year was 96 days, according to the
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In November of 2007 there were 3,280 resale Phoenix Az metro homes that were sold. Which was down from 3,610 in October. And November 2006 wasn't a good comparison, but there were 5,040 resales then. Phoenix AZ Real Estate home prices continued to
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Click Here To Search For Phoenix Metro Area Homes: www.AzRealtyPros.com Nation’s Building News, Week of December 10 th - Bush Plan Aims at Helping to Stabilize Housing Market A plan announced last week by President Bush to limit foreclosures by
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