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This Weeks Priciest Home Sales in Phoenix
The president of a scrapbook die-cutting company in Phoenix, two doctors, the founder of an information-technology company in Boise, Idaho, and the family of the former Schlitz Brewing Co. are among the buyers and sellers in this week's priciest home Read More...
'09 sales pace driven largely by foreclosures
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 Read More...
Tax credit of up to $8,000 is extended for qualified first-time home buyers purchasing a principal residence.
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 Read More...
Investors Return to the Phoenix Market- Thanks to Foreclosures
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 Read More...
FHA Recent Loan Changes
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 Read More...
What exactly is a Short Sale??? How does it work?
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 Read More...
FHA Makes Exception to Anti-Flipping Rule For Foreclosed Properties
Bush administration officials on Friday said they had made a major change to existing U.S. Department of Housing and Urban Development regulations for mortgages endorsed by the Federal Housing Administration, lifting a key anti-flipping provision that Read More...
4 new rules for home buyers in this Market!!
There's no guarantee that prices have hit bottom yet - but that doesn't mean that you can't get a great deal now. There's no telling how long the housing crisis will drag on. Here's what you need to know before you start shopping in Read More...
HUD New Loan Amount Increase- Great for 1st time Home Buyers and less than 5% down buyers!!
HUD just announced today the new loan limits for Arizona. Maricopa County now has a max base loan amount of $346,250 which translates to a purchase price just under $357,000 for a 1 unit SFR. As you know, FHA still requires a 3% down payment. Nehemiah Read More...
Downturn hits hard in West Valley Phoenix Home market - Prices Down 25% in some areas
Theresa and Tom Love are in a spot. They've been separated six months, as he relocated to Washington for a job while she and their two children remain in El Mirage to sell their three-bedroom home. They are just a few of the everyday people caught Read More...
Foreclosures hit the Phoenix home market wealthier areas the hardest
The Valley's growing foreclosure problem is hitting the upper and middle class the hardest. Metro Phoenix homes in neighborhoods where prices range from $400,000 to $450,000 now have the highest foreclosure rate. Almost 90 out of every 10,000 homes Read More...
5 Things To Do In A Buyer's Market
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 Read More...
Phoenix AZ Resale Median Home Prices Were Down in November
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 Read More...
Interest Rate Articles from the Experts- Phoenix AZ Real Estate
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 Read More...