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Buyers Demands Slow Housing Market

June 19, 2010

Post-recession buyers are on the prowl for the perfect house at the perfect price

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New Transit System at Phoenix Sky Harbor International Airport

June 3, 2010

PHX Sky Train System and area transit system extensions in Phoenix area.

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Homeowners Strategic Defaults Threaten Phoenix Housing Market

June 1, 2010

An increase in homeowners walking away from their mortgages is causing the Phoenix housing market to recover more slowly

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Are Lenders Ignoring the Foreclosure Crisis?

May 30, 2010

As the state of Arizona continues to attempt to remedy the mortgage and foreclosure crisis at hand, many lenders continue to ignore that fact that the economy is troubled.  According to the Arizona Republic, commercial real estate brokers use the phrase, “extend and pretend,”as a response to their bad lending and million dollar debts.
Currently, most [...]

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Home Prices Decrease in Mesa

May 28, 2010

As published in the Arizona Republic, home prices in the United Stated have continued to fall throughout the country during the first part of 2010. The average housing price has decreased 3.1 percent from last year at this time.
The decreasing home prices throughout the valley can be attributed to the steady stream of foreclosures [...]

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Mesa Home Sales Increase

May 27, 2010

As homes sales begin to rise in Mesa, the housing market is beginning to show signs of recovery. Statistics for both April and May both indicate that home sales are on the rise.
As published in the Arizona Republic, the following numbers indicate that the Arizona housing market is on the mend:
• Foreclosures did not dominate [...]

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Credit Scores: Important When Getting A Mortgage

May 4, 2010

Credit Scores: Important
When applying for a mortgage the first thing your Loan Officer will look at is your credit report. By pulling all three bureaus, Experian, Equifax and TransUnion, We can determine your level of risk and your interest rate along with the likely hood of getting you a mortgage loan.  At this time [...]

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Obama Administration Discloses New Homeowner Assistance Program

April 29, 2010

With the countries foreclosure crisis worsening, the Obama administration has been forced to create a new plan for the recovery of the housing market. As published in the Arizona Republic, officials from the Obama administration released  plans for a new homeowner assistance program call the Home Affordable Modification Program.
Within the plan there are three major [...]

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Arizona’s Plan to Decrease Foreclosures

April 29, 2010

Currently, Arizona is ranked second in the nation for foreclosure rates. Foreclosures  happening around the state are primarily a result of job reductions, and loss of home values throughout the past three years.
According to a recent story in the Arizona Republic, because the foreclosure problem in Arizona is so prevalent, the Arizona Department of Housing has [...]

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Federal Aid Given to Arizona to Help Fight Mortgage Scams

April 28, 2010

According to the Arizona Republic, The federal goverment will give Arizona  almost $2 million to help in the fight against mortgage scammers over the next year. This federal money will be used toward the enforcement and prevention of scams that lead to the housing market collapse and also, current scam which are preventing the full recovery of [...]

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