Phoenix Metro Area Resale And New Homes

For aspiring home owners who find their goal stubbornly elusive, newly enacted legislation providing a tax credit of as much as $7,500 for first-time home buyers might just be the opportunity of a lifetime. But like so many of the good things in life, time is of the essence for buyers who want to take advantage of this outstanding opportunity. ...

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 predict a long battle may lie ahead for opponents of the assistance programs, which I wrote about ...

 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 $729,750 depending on the county. Previously, they were capped at $362,790. With FHA ...

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 lenders and disposition firms have long said limits their ability to resell distressed real ...

 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 a rocky market. Rule 1: You can't time the bottomFace it: The house you buy ...

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 and Ameridream is still available for down payment assistance. This is great news considering the ...

Affordability lures first-time buyers, investors The real-estate slump has an upside for first-time home buyers looking to spend $200,000 or less. As median-home prices continue dropping, the supply of homes for sale in the much-coveted low-end market is swelling. Consider Marshall and Wendy Kauffman,who recently picked up the keys to their ...

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 in that price range are in foreclosure, which is more than double the rate for homes costing ...

EMPLOYMENTArizona's economy added 14,400 jobs in November 07 to reach a record total of 2,753,500 non-farm jobs. Over the year employment growth for Arizona (1.5%) remains above the U.S. growth rate of 1.0%. Arizona's service-providing industries added 17,600 jobs. Government gained 1,700 jobs in Nov 07, setting a record at 433,800. ...

A Chandler man slashed his price by $60,000 to sell his home so he and his wife could move to Ahwatukee. An east Mesa women accepted about $25,000 less than her original asking price even after installing carpet, remodeling a bathroom, upgrading the swimming pool and adding a $7,000 hot tub and a $2,000 shed.Their tactics weren't ...