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A recent change in federal housing guidelines could set the stage for up to 2.5 million formerly foreclosed homeowners and short salers to re-enter the housing market sooner rather than later.
Once a staple of pre-World War II culture, the multi-generational household is staging a comeback.
I’m always pleased when a President of the United States finds time to visit Arizona. Given President Obama’s recent interest in job creation and economic recovery, he certainly came to the right state at the right time. The “Arizona Comeback” is in full-swing, and this was the President’s opportunity to witness firsthand a true economic success story. However, I am disappointed that the President used his visit as an opportunity to lay out a plan for even more big government programs, while also trying to share credit for Arizona’s housing and economic recovery. That credit belongs to the hardworking people of Arizona.
In the past month, there were only 162 new homes up for sale in Ahwatukee. Compared to 180 homes that came on the market in July of 2012, that is a 10 percent reduction in the number for homes priced up to $599,999.
An Ahwatukee Foothills family is reopening the old Inspirador in downtown Chandler and has a broader purpose in mind for the old venue.
The Valley of the Sun United Way is expecting at least 500 homeless guests to find aid and assistance at its Project Connect event this Thursday, July 18, and is hoping its own volunteers will find a home as well: in the hearts of the guests they aid.
The number of homes sold in Ahwatukee this past month of June was slightly less than the previous month. We also saw about 18 percent less than the number of homes sold in June last year (2012).
The final chapter of the Phoenix foreclosure saga is ending, according to a new report from the W.P. Carey School of Business at Arizona State University.
Low mortgage rates have made buying a home more affordable and turned rentals into an attractive option for investors.
Editor’s note: This is part two of a continuing summer series on the proposed South Mountain Loop 202 Freeway.
Most of us already realize “normal” is relative. Yet, we are only human. And as such, we can scarcely stop ourselves from the very-human behavior of seizing every available opportunity to try to quantify and define the term.
It probably doesn’t show up on your calendar, but May is Disability Insurance Awareness Month. And you might agree that such a month is useful, when you consider the following:
A survey shows U.S. home prices rose 10.5 percent in March compared with a year ago, the biggest gain since March 2006.
No one can deny the Great Recession left a permanent mark on our nation and its economy. But what effect did it have on the American Dream of home ownership? That’s the question we set out to answer by asking Phoenix-based Benchmark Research Technologies to survey nearly 1,700 Arizona new home shoppers about their attitudes surrounding home ownership in the post-recession era.
While some states still saw increases in homes taken back by banks, nationally home repossessions fell 3 percent in March from the previous month and were down 21 percent from a year earlier, foreclosure listing firm RealtyTrac Inc. said Thursday, April 11, 2013. (AP Photo/Paul Sakuma, File)
The value of home sales in Western states rose over the last year even as the number of transactions slipped, according to an official with the National Association of Realtors.
Used to be, a foreclosure was something people seldom spoke about. Today, times have changed. Right now is the ideal time to buy a new home with record lows in mortgage rates and an increase in available, affordable homes. But if you’ve got a foreclosure or short sale on the books, you might be asking — how long before we can buy again?
Attorney General Tom Horne did nothing wrong in transferring $50 million from a nationwide mortgage settlement to the state general fund to balance the budget, the Arizona Court of Appeals ruled Tuesday.
Contrary to what a lot of people are hearing and believing, the real estate market in Ahwatukee is much better than what most people perceive it to be.
The number of distressed homes listed for sale in Ahwatukee was 52 percent lower on Feb. 1 when compared to the year earlier, based on data from the Arizona Regional Multiple Listing Service.
When I start talking about real estate in 2012 all I can say sometimes is, “WOW!” Do you realize that in 2012 the “Phoenix median home prices jumped 36 percent from $116,000 to $158,000 in one year, November to November” (housingwire.com)?
Over the past five years the words “real estate” have led to many discussions and debates. The waves of emotion that came from the run up and bubble caused too much drama in people’s lives. Homes were meant for long-term investments and the five years around it caused some people to make decisions, good and bad. People thought they had a safe nest egg in the home they have poured thousands of dollars into, yet that property is now worth what it was 12 to 15 years earlier. Luckily, the market is starting to move past this.
Congresswoman Kyrsten Sinema, D-Arizona, was named to the subcommittees on “Insurance, Housing and Community Opportunity” as well as “Investigation and Oversight.”