Phoenix Metro Area Resale And New Homes

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 ...

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 again. But this time, home buyers are looking for foreclosure properties they can flip ...

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. ...

West Valley hit hardest by home price drops in 2007Click Here To Search For Phoenix Metro Area Homes: www.AzRealtyPros.comNot surprisingly, median prices for existing homes fell throughout most of the Phoenix area from 2006 to 2007, especially in the West Valley, according to a report released today by Realty Studies at Arizona State University. ...

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 ...

High Density Housing in Metro PhoenixArticles 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 Phoenix area real estate market.  Please let us know if any of these articles are ...