Phoenix Metro Area Resale And New Homes

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 in April 2009. It's the first month this year that new homes sales have topped ...

Many new homebuyers make the mistake of rushing out to buy things to fill their home with as soon as the seller accepts their purchase offer and the lender pre-approves their loan. But there are still a few major hurdles to overcome before the keys are handed out. Here are some things to avoid during the home buying process to assure ...

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 sales. $4,000,000. OAS_AD('ArticleFlex_1') Desert Light LLC, a Delaware ...

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 up to 54,000 units in Maricopa County.   Please note this means that ...

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 and on or before April 30, 2010. However, in cases where a binding sales contract is signed by ...

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 Valley's housing market is seeing the flipside of the investor cycle now. In 2004, investors ...

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, which are reselling them for bargain prices. "It's clear foreclosures are putting a ...

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 ...

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 will accept the short sale to avoid the time and expense of a foreclosure. When a borrower is ...

 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 ...