RECENT BLOG POSTS
March home sales in Phoenix area the most in 66 months - Good news on the residential real estate front. The 9,933 Phoenix-area sales transactions that closed in March marks the most sales in 66 months. It’s also the fifth highest sales month since 2001. “Clearly buyers are taking advantage of th...
04/08/2011
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More buyers are using home inspection reports as leverage to get a price cut or get sellers to pay for extra repairs, says Harris Gross of Engineers for Home Inspection in Cherry Hill, N.J. “The result depends on the financial position of the seller and the comfort zone of the buyer,” says Noell...
04/06/2011
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The Phoenix-area housing market in 2010 settled into a pattern of activity that, while it could hardly be described as normal, at least kept home prices relatively stable, according to the latest Valley Home Values data. Demand for homes came from more diverse sources, including first-time homebu...
04/06/2011
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A housing shortage is looming that will soon will create a huge surge in demand for new homes. The historic drop in new construction mixed with the decline in housing prices is laying the foundation for a dramatic recovery in residential real estate, Home owners soon will start returning, which ...
04/01/2011
West 6th Tempe condos open for tours this week - Six years after the East Valley's tallest buildings began to rise from the ground, tours for prospective renters will begin this week, only a month after construction resumed to complete the towers. Project managers used a recent media tour to show...
03/31/2011
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Regulators Unveil Mortgage-Lending Rules - Federal regulators proposed far-reaching changes to lending rules that eventually could raise the cost of borrowing for most homeowners, kicking off what is likely to be a furious effort by the housing and banking industries to soften the proposal. The D...
03/31/2011
Builders are trying another approach to lure buyers by offering an insurance program--usually free--that would pay borrowers’ mortgage payments for up to six months in case they lose a job during a one- to two-year agreed coverage period after buying a new home. The plans usually cap coverage, su...
03/31/2011
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Five of the country’s largest banks have sent government officials a proposal of new mortgage-servicing standards they’d agree to as part of a settlement into lending abuses. The proposal--called the “Draft Alternative Uniform Servicing Standards”--includes timelines for processing loan modificat...
03/31/2011
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http://www.realtor.org/rmodaily.nsf/pages/News2011031501
03/16/2011