6/2/2010 4:36:00 PM
Phoenix new home sales up slightly
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 ...
Views: 806
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6/2/2010 4:29:00 PM
Things To Avoid Before Buying a Home
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 ...
Views: 719
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5/19/2010 7:39:00 AM
This Weeks Priciest Home Sales in Phoenix
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 ...
Views: 1380
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5/19/2010 7:25:00 AM
Phoenix Homes- Foreclosure Statistics April 2010
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 ...
Views: 792
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1/19/2010 5:21:00 PM
'09 sales pace driven largely by foreclosures
Lenders in 2009 foreclosed on about 41,000 single-family detached homes in Maricopa County , according to a report from Arizona State University. That's more foreclosures than the Valley has seen during any previous year on record, accounting for more ...
Views: 837
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1/19/2010 5:12:00 PM
Tax credit of up to $8,000 is extended for qualified first-time home buyers purchasing a principal residence.
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 ...
Views: 436
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1/19/2010 5:06:00 PM
GREAT NEWS! FHA Relaxes Property Flip Regulation For One Year
The FHA relaxed the property flip regulations. This waiver is effective for all sales contracts dated on or after February 1, 2010 and will end on January 31, 2011 . Certain property may be resold and financed using FHA insured financing without waiting 90 ...
Views: 306
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3/9/2009 8:13:00 AM
Great news! FHA has increased Phoenix Area lending limits to $346250 from $271050
Maricopa was raised to $346,250. Pima
County was raised from $271,050 back up to $316,250. Feel free to follow the
link to HUD's website for all other counties in AZ. https://entp.hud.gov/idapp/html/hicost1.cfm This is welcomed news if you are looking ...
Views: 539
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2/2/2009 7:11:00 AM
Multiple offers making a comeback (Mainly Phoenix Metro Area Foreclosure Properties!) But highest bidder isn't always the winner
In the current home sale market, it might seem ludicrous to make an
offer on a listing if it means competing with another buyer. However,
multiple offers are on the rise in some markets( especially the Phoenix Metro Foreclosure Market). But, it doesn't ...
Views: 690
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10/30/2008 8:04:00 AM
Investors Return to the Phoenix Market- Thanks to Foreclosures
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 ...
Views: 574
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