Vinnys House of Real Estate

This was an interesting project, some amazing homes hopefully they can find a buyer once they complete the project..
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A Wisconsin company that manufactures and distributes food-processing ingredients has been selected to purchase the opulent Chateaux on Central brownstone project. The winning bid: $7 million.
The unfinished residential development at the northwest corner of Central Avenue and [...]

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Chandler man arrested for gutting foreclosed home.

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This is hopefully the best news to date and I think we will start to see a huge shift in the market:
Today HUD lifted its rule prohibiting FHA borrowers from purchasing properties which were acquired within 90 days by the seller. The waiver of this rule takes effect February 1, 2010. Here are [...]

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This could be good news, or could just be greed. Form your own opinion!
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A global survey of more than 2,000 high-net-worth investors commissioned by Barclays Wealth reveals that approximately one in four respondents (26%) believe that residential and commercial real estate provide better long-term prospects than other asset classes.
Slightly more than half of respondents expect [...]

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Sounds like good news on the main front, lets hope homes keep selling and they extend the tax credit!
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WASHINGTON — Signaling confidence in a recovery, the Federal Reserve decided Wednesday to stretch out the pace of a program intended to lower mortgage rates and prop up the housing market.
Even so, rates on home loans are [...]

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I have been battling with a pool at one of our re-hab houses for weeks now. It all started by purchasing an auction house with a large diving pool in the backyard. It was empty and had the usual green muck at the bottom. The diving board was also broken so that eventually got removed. [...]

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Are you sick of dealing with tenants? The old adage toilets, trash, and tenants is what rental properties are all about. Well if you haven’t looked into a professional property management firm in a while, they are cutting rates down like everything else in real estate. You can get zero monthly fees right now by [...]

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This is always good to hear, but if you are involved in real estate at all in Phoenix you know we have been on the upswing since April!
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Annual home price declines in Phoenix continue to be among the worst in the nation, but home prices rose 1.1 percent in the second quarter.
The latest S&P/Case-Shiller Home [...]

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This has been a concern of mine for awhile, even though we have seen a bottom, how can we sell prices at retail if the appraisers are using REO prices for the market price?
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June 24 (Bloomberg) — There may be another culprit scuttling a U.S. housing recovery: low home appraisals.
Flawed appraisals are derailing real estate [...]

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Who says there isn’t people buying expensive homes?
A Realtor, a partner in a California oil company, a Chicago attorney, a former executive of an Ohio engineering firm and the principal of a Tempe interior-design company are among the buyers and sellers in this week’s priciest home sales.
$7,212,672
Marrowstone LLC, an Arizona limited liability company whose sole [...]

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