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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...
30000 Phoenix area Homes Foreclosed On, To Date, In 2008
As long as foreclosures continue to climb, home prices will fall. More than 30,000 Valley homes have been foreclosed on so far this year. That compares to fewer than 1,500 foreclosures in 2006. Now, almost all of the homes are going back to the lenders, 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...
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...