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FakeTV Helps Protect Vacant Homes - 07/25/08 05:37 PM
It's common knowledge that vacant homes are prime targets for burglars and vandals. Now a company has developed an inexpensive way to give off the appearance that there are people living in the home-or at least watching TV there.Eden Prairie, Minn-based Opto-Electronic Design says "FakeTV" is a burglar deterrent device that gives off light in just the way a real television does, so from outside the home it looks like the home is occupied. A built-in light sensor turns FakeTV on at dusk, and it stays on for a preset time. Computer-controlled LEDs reproduce the scene changes, color shifts, flicks and (1 comments)
Market Analysis for Phoenix, AZ - June 2008 - 07/23/08 07:39 PM
The Phoenix metro area's strong seller market from 2005 has gone to a complete reversal in 2008. The large amount of supply has created a buyer's market with record inventory levels. Prices have declined approximately 14% year over year. I anticipate 2008 to continue as a year for correction, with the market starting to recover and sure enough, March came in like a Lion and we are maintaining that stronger trend!! Closed sales are continuing to increase each month with 5,725 sold homes in June, a 2% increase over May's closes sales. Pending and under contract sales are very strong at about 8,976. (1 comments)
Market Analysis for Tempe, AZ - June 2008 - 07/23/08 06:44 PM
Tempe seems to be following it's own trend, and not what the rest of the valley is doing. Current inventory has increased again this month and is at 999 home. The Phoenix metro area and the other east valley cities have seen their current inventory decrease over the last several months. Even with the higher inventory levels, Tempe's closed sales again proved stronger than any other east valley cities, selling about 14% of that inventory. June finished with 137 closed sales. Pending and under contract sales are also up, with 179 homes soon to close. The average sales price for the month was $268,000 (0 comments)
Market Analysis for Gilbert, AZ - June 2008 - 07/23/08 06:19 PM
Gilbert has seen a slow down in the housing market and sales prices decline over the last several months. There has been stiff competition from builders which is hurting the resale market as well as many foreclosures. Several builders have recently gone into foreclosure as well, leaving Gilbert with several unfinished subdivisions and many homeowners wondering what will happen to their subdivision's HOA's. Home prices in Gilbert have depreciated 13% from 2006 to 2007. However, there is good news on the horizon. Gilbert's resale inventory level is continuing to see a slight decrease and is currently at 2,200 active listings. The average days (0 comments)
Market Analysis for Chandler, AZ - June 2008 - 07/23/08 05:58 PM
Chandler has continued to see a downward trend in home prices since the latter half of 2006. 2007 finished the year off with a depreciation rate of about 12% and the first decline in homes in over 15 years. June Residential HighlightsClosed sales are continuing to increase and June saw 358 homes sold vs. 340 in May, a 5% increase. It appears that we have possibly hit bottom as closed sales have continued to creep up and have increased every month since Sept. 2007 with the exception of January. Pending sales also showed a jump and are on track to continue to improve (0 comments)
Market Analysis for Mesa, AZ - June 2008 - 07/23/08 05:15 PM
Mesa is following the valley's trend of a buyer's market. Current inventory has continued to see a slight decrease month over month and the current inventory is now at over 4,100 active listings. Median prices are down slightly from $243,500 to $235,000 while the average sold price for June was $215,000 for 1,797 square feet. The large number of foreclosed homes continues to drive prices downward. However the flip side is that opportunities abound. The number of pending sales is also continue to show a slight increased and is currently at 626 with another 146 currently under contract. Closes sales finished (0 comments)
What Is All The Frenzy On Wall Street? - 07/18/08 08:34 PM
A year ago federal officials looked at Fannie Mae and Freddie Mac and declared that all was well. The two government-sponsored enterprises (GSEs) largely held conventional loans, though they were about to acquire subprime mortgages.
"Although their $40 billion-plus planned commitment to subprime over the next several years is small compared to the $1.5 trillion subprime market and well less than 1 percent of their combined book of business, it does represent over half their combined GAAP capital," said Office of Federal Housing Enterprise Oversight, government agency that oversees the two giant companies. A year later Fannie Mae and Freddie (0 comments)
Identity Theft Prevention Tips - 07/18/08 08:20 PM
The following is guide to help prevent Identity Theft. It provides some critical information to limit the damage in case this happens to you or someone you know: 1. Do not sign the back of your credit cards. Instead, put 'PHOTO ID REQUIRED.' 2. When you are writing checks to pay on your credit card accounts, DO NOT put the complete account number on the 'For' line. Instead, just put the last four numbers. The credit card company knows the rest of the number, and anyone who might be handling your check as it passes through all the check processing channels won't (0 comments)
U.S. Senate Passes Housing Stimulus Bill - 07/18/08 08:08 PM
The U.S. Senate passed a bipartisan mortgage rescue bill on Friday that allows the Federal Housing Administration to refinance troubled mortgages - even those that are under water - as long as banks agree to take a loss.The program would allow the FHA to help as many as 400,000 homeowners. Now the bill goes to a bipartisan committee in the House for revision. Rep. Barney Frank (D-Mass.), the Financial Services Committee chairman and a primary supporter of the bill, says the few but significant revisions House leaders seek could be made in as little as one week.The measure includes higher limits (1 comments)
City Grant Helps Chandler Tradition East Neighborhood - 07/10/08 06:10 PM
Debra Ludlow had lived in the Tradition East neighborhood for 15 years but didn't really know all of her neighbors. But things began to change last year when some of her neighbors began to band together to improve things in the community near Chandler Boulevard and Cooper Road. The group applied for a Chandler traditional neighborhood grant and used the money to spruce up common walls, get dumpsters for neighborhood cleanup and even held a block party that got people out of their homes and into the street mingling with one another. "After 15 years there were people in my cul-de-sac (0 comments)
Volunteers needed for downtown Splash Festival - 07/10/08 05:51 PM
Chandler is hosting a Summer Splash Fesitival July 19th in DR. A.J. Chandler Park, located downtown Chandler. This is a wonderful water-related event for some summer fun and a good way to stay cool in our summer heat. The festival is a new event which will be a family-friendly day of water-related activities, with water slides, dunk tanks and cyber maze water tag. Aqua-Tots will be on hand to give free tot swimming lessons. There will also be arcade games, food and entertainment. Admission is free. However, volunteers are needed for the Summer Splash Festival, being held July 19 in Dr. A.J. Chandler (0 comments)
About Tradtion & Tradtion East - 07/04/08 08:28 PM
Tradtion and Tradtion East are a master planned community that feature several home builders and many styles and size homes. The neighborhood is located in Chandler between McQueen and Cooper Rds, bordered on the south by Chandler Blvd. The neighborhood is a non-HOA community. This is a rare feature in Chandler for homes that have been this recently build and offers the owners in the community the flexiblity of being able to park their RV's on their own property. The nieghborhood features two city parks, Jackrabbit and Pima. Pima Park is a large regional park that offers a jogging trail, (0 comments)
Phoenix Area - One of the Six Best Places for Deals - 07/04/08 07:46 PM
There are plenty of "Desert Deals" in the Valley of the Sun with prices in some communities dropping 20% - 30%. Sun, golf, and attracting retires, Arizona ranks second in the nation having overtaken California in 2006. However, retirees have not managed to insulate the local real estate market from the shakeout. Our foreclosure rates have nearly tripled since 2007 according to RealtyTrac. However, this translates into some great bargains. The city center has held up better according to Jay Butler of Arizona State University realty studies. Instead, the real estate deals are in the planned communities that surround Phoenix, which (0 comments)
July 4 festivities boom at Tumbleweed - 07/04/08 07:24 PM
Sponsored by the Chandler Lion's Club, the City of Chandler and Kalil Bottling Company, the Spectacular begin at 4 p.m., with live music, a bike parade and soccer games at 6 p.m. and fireworks at 9:30 p.m.The park, located on the southwest corner of McQueen and Germann roads, will brim with things to do for both families and adults. The Lion's Club expects the greatest attendance yet, as the 4th falls on a Friday for the first time in five years.John Stewart, event chairman of Chandler Lion's Club, says this means more activities and more space."We are anticipating big crowds and (1 comments)
Disclaimer: ActiveRain Corp. does not necessarily endorse the real estate agents, loan officers and brokers listed on this site. These real estate profiles, blogs and blog entries are provided here as a courtesy to our visitors to help them make an informed decision when buying or selling a house. ActiveRain Corp. takes no responsibility for the content in these profiles, that are written by the members of this community.