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Phoenix new home sales up slightly
The federal tax credit helped new home sales across metropolitan Phoenix increase enough in April to beat last year's pace. There were 823 new home sales in metro Phoenix last month, reports the Phoenix Housing Market Letter. That compares to 789 Read More...
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...
Phoenix Homes- Foreclosure Statistics April 2010
Here are the latest Maricopa County statistics through April 2010. Properties that are in Notice of Default have dropped to 51,000 units. This would be the "Shadow Inventory" that we have heard everyone talking about. Notices of Default were 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...
Great news! FHA has increased Phoenix Area lending limits to $346250 from $271050
Maricopa was raised to $346,250. Pima County was raised from $271,050 back up to $316,250. Feel free to follow the link to HUD's website for all other counties in AZ. https://entp.hud.gov/idapp/html/hicost1.cfm This is welcomed news if you are looking 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...
Congress May End Down Payment Assistance!!!
The housing bill that’s expected to pass in the Senate this week seeks to end the seller-funded down-payment assistance programs that allow home buyers to put no money down on a home loan backed by the Federal Housing Administration. But experts Read More...
Latest real-estate fad: Hunting for foreclosure deals
During the housing boom, investors flocked to metro Phoenix and climbed onto buses that took them to the Valley's fringes, where they checked out affordable new homes they could buy low and sell high. Now, the bus tours to those edge suburbs are starting 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...