Posted in Real Estate on Mar 17th, 2009
This article is more proof that Arizona is a great market to invest in! ***************************** SCOTTSDALE, AZ-Laguna Pacific Cos. has secured an international investment partner for a fund to acquire distressed single-family and multi-family land projects. The Southwest Land Opportunity Fund’s primary target is Arizona, but it will also consider select areas in California and [...]
Posted in Foreclosure, Real Estate on Mar 16th, 2009
The City of Phoenix will begin offering homebuyers thousands of dollars towards the purchase of a foreclosed home. The new program will award homebuyers $15,000 dollars if they buy a foreclosed single family home, townhouse or condominium within Phoenix city limits. “We have a lot of foreclosures. If it (prompts) people to buy, why not?” [...]
Posted in Real Estate on Mar 15th, 2009
Some Valley realtors are seeing what they consider to be a surprising trend in this tough market. All cash sales. “It is amazing,” said Brett Barry of Realty Executives in Cave Creek. “There are some investors but we’re also seeing regular buyers looking to buy a first or second home.” Barry says of the fifteen [...]
Posted in Real Estate on Mar 4th, 2009
These are the kind of Doom and Gloom articles that smart investors like to see. March 4 (Bloomberg) — More than 8.3 million U.S. mortgage holders owed more on their loans in the fourth quarter than their property was worth as the recession cut home values by $2.4 trillion last year, First American CoreLogic said. [...]
Posted in Real Estate on Feb 25th, 2009
Quick article about the mortgage bill, I don’t know very many people who are only a little underwater, they are very underwater.. Realtors, mortgage brokers and others working in the trenches of the Phoenix housing market say President Barack Obama’s mortgage rescue plan offers glimmers of hope to the distressed marketplace, but leaves out many [...]
Posted in Real Estate on Feb 24th, 2009
onforming loan limits have been restored to as much as $729,750 in 250 counties around the U.S. as the regulator of Fannie Mae and Freddie Mac implements a policy change in last week’s $787 billion economic stimulus bill. H.R. 1, the American Recovery and Reinvestment Act, restores the higher limits in place for Fannie and [...]
Posted in Real Estate on Feb 13th, 2009
Finally a task force to combat some of the foreclosure that are around AZ. I personally have been in a home that was completely vandalized, and no one cared, not the Realtor nor the police. Scottsdale, Realtors Team Up To Fight Blight | Phoenix Arizona Real Estate Local News and Business Directory.
Posted in Real Estate on Feb 10th, 2009
This is why I am in real estate: “U.S. stocks plunged and the Dow Jones Industrial Average fell by more than 400 points after Treasury Secretary Timothy Geithner did little to slake traders’ thirst for details on the U.S.’s plans to aid ailing financial institutions. Stocks have ticked up and down in a tight range [...]
Posted in Real Estate on Feb 9th, 2009
The commercial market isn’t in any better shape these days. According to this article, lenders are looking for 40% down on properties, which is crazy in this market. “Simon said she thinks the commercial real estate industry will see some movement – one way or another – by the third quarter of 2009. Either lending [...]
Posted in Real Estate on Feb 5th, 2009
This is a great article, it identifies one of the main points when trying to sell real estate, CURB APPEAL! If someone thinks your house looks amazing, they are willing to pay a little more for it. Nothing to be done, no maintenance that is neglected, that goes a long way in this market. Professional [...]