Street Jam - Friday, May 30th 3-6, "Fun, fun, fun" - 05/26/08 11:39 AM
Street Jam, a "Stomp" Rhythm and Dance Band to Rock Sedona - A Hard Hat Hip Hop Event in the SR179 Gallery District
To transform the jack-hammering, pile-driving cacophony of the Highway 179 construction,
and to remind everyone that Sedona is still very much open for business, a group of forward-thinking … (0 comments)
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Cliff Castle Casino celebrating America's Birthday June - July - 05/26/08 11:37 AM
Cliff Castle Casino Celebrates America's Birthday June 3-July 3, 2008 Cliff Castle Casino is celebrating America's birthday for an entire month during the Happy Birthday America promotion from Tuesday, June 3 through Thursday, July 3. Entries can be earned beginning Tuesday, June 3, for Roll Over Tuesdays with cash drawings from 10am … (0 comments)
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Fannie Mae's Rate Cut - 05/26/08 11:34 AM
Recently Standard & Poors's (S & P) downgraded Fannie Mae on a measure of how the company would manage without any support from the federal government.Fannie Mae reported its third consecutive quarterly loss with the posting of a net loss of $2.19 billion in the first quarter, while Freddie Mac also … (0 comments)
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Countrywide Mozilo in Trouble Again... - 05/26/08 11:33 AM
Countrywide CEO Mozilo in Hot Water Again The subject of several lawsuits and a federal probe into allegations of massive insider trading, Countrywide Financial Corp. chairman and CEO Angelo Mozilo inadvertently sent an e-mail response to Daniel Bailey Jr., a borrower asking for Countrywide to help him stay in his home … (0 comments)
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"Hot spots" for Mortgage Fraud - 05/26/08 11:29 AM
FBI Hot Spots for Mortgage Fraud The following states represent the FBI's hot spots" for mortgage fraud in 2007, along with the foreclosure rate ranking for 2007 and the latest rankings reported for the month of April, 2008.1. Florida (2, 4) 2. Georgia (7, 7)3. Michigan (3, 9)4. California (4, 2)5. … (0 comments)
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U.S. Home Building Numbers on the Rise - 05/26/08 11:26 AM
NEW RESIDENTIAL CONSTRUCTION IN APRIL 2008
The U.S. Census Bureau and the Department of Housing and Urban Development jointly announced the following new residential construction statistics for April 2008:
BUILDING PERMITS
Privately-owned housing units authorized by building permits in April were at a seasonally adjusted annual rate of 978,000. This is … (0 comments)
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Sedona Investment Property - Location/Views/Income - 05/26/08 11:25 AM
2-story contemporary home with gated entry, patios, guest-house and VIEWS. Main home has 2 Bedrooms/2 Baths with Guest Studio/Bath to complete this true Sedona classic. Bonus of "instant income" as the home currently receives $2084 per month. Flagstone patio, decks and water feature on .38 acre. Kitchen has granite countertops and … (0 comments)
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Looking for Something to Do Memorial Day...Grab a Paddle... - 05/26/08 11:08 AM
Enjoy Memorial Day Rafting Fun on the Verde River Looking for a new adventure over Memorial Day Weekend? Family rafting fun is just minutes away. Get in a "funyak" - tandem or solo - and have a blast floating down the beautiful Verde River. Sedona Adventure Outfitters and Guides has everything you need from kayak and … (0 comments)
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Luxury, High-Quality, Spacious 6850 s.f. Home in Prestigous Rim Shadows-Sedona - 05/26/08 11:06 AM
One of the most amazing panoramic views in the area! Gorgeous space, materials, and feel. Everything you would expect in a high quality luxury home including the elevator. Massive deck area for unencumbered views and big time parties with outdoor cook center. Sliding glass window walls, Australian Cypress and travertine floors. … (0 comments)
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Buy this Luxury Home and you will find a new Lexus in the Garage! - 05/26/08 10:59 AM
Price already discounted $200,000 for quick sale! Seller is also offering a brand new Lexus RX 330 if sale closes by end of June. Fabulous Magna Homes, LLC luxury home w/ open floor plan and terrific views. 2 master suites, theater, office, bar, dining, walk-in pantry, inner courtyard, casita is the … (0 comments)
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Memorial Day Fun in the Sun.... - 05/20/08 02:20 PM
Enjoy Memorial Day Rafting Fun on the Verde River Looking for a new adventure over Memorial Day Weekend? Family rafting fun is just minutes away. Get out of the heat and into the water. Get in a "funyak" - tandem or solo - and have a blast floating down the beautiful Verde River. Sedona Adventure … (1 comments)
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Senate Strikes Housing Rescue Deal - Getting closer! - 05/20/08 02:16 PM
WASHINGTON -- A Senate agreement pushed Congress significantly closer toward a bill that would expand the federal government's role in propping up the housing market.
After weeks of negotiations, Sen. Chris Dodd, a Democrat, and Republican Sen. Richard Shelby completed a plan Monday that would allow the government to insure up … (1 comments)
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Barbara Antonsen Park a "Go" - 05/19/08 09:42 PM
Friends and foes of the Barbara Antonsen Memorial Park mobbed the Sedona City Council meeting, filling every seat, standing along the walls and spilling into the reception area on Wednesday, April 9.
Council met to consider whether to accept or deny an appeal by nearby homeowners who objected to a conditional … (0 comments)
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Empire Companies "Mountain Gate" officially Bankrupt! - 05/19/08 09:32 PM
Empire Companies, the developer of the unfinished Mountain Gate subdivision in Clarkdale, filled for bankruptcy April 25, according to Riverside Divisional Office of U.S. Bankruptcy court in California.
Construction on the community halted months ago, and residents waited to hear from Empire, who appeared to have disappeared. Unpaved streets and unfinished … (1 comments)
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Creekfront 3/2 Pool Home on 2.35 acres...Offered at $749,000 - 05/19/08 09:08 PM
Rare acreage on Oak Creek with remodeled home, swimming pool with new stone decking & Tiki-style pool bar, 25x50 garage/workshop plus a spacious storage building, all on 2+ acres. Extensive landscaping, new creek-side flagstone patio with view of Oak Creek, red-rock columned archways, new pathway to the creek & much more. … (0 comments)
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Move-in Ready, 3/2 on 1/2 acre in Gated Creek-front Community...$339,000 - 05/19/08 04:51 PM
This home has it all, privacy, views, even the furniture is available! Situated on approximately 1/2 acre this 3/2 split-floor plan has a front and rear porch as well as wood decks and sitting areas for entertaining. Rear yard is completely fenced and backs to wash for complete privacy. Perched high … (0 comments)
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Classic Sedona Pool Home on 1 1/2 Acres with Views and Privacy - 05/19/08 04:31 PM
Offered at $675,000 this 3000+ s.f. home is an architectural delight. Family Room has vaulted ceiilings, floor to ceiling windows and fireplace. Formal Dining, Family Room and Master Suite with Walk-in Closet. Guest Bedroom has walk-out patio with breathtaking views. Property is situated on 1 1/2 acres with swimming pool and … (0 comments)
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Offered at $649,000 ($193 s.f.) 4/3 Southwest Style Home w/3360 s.f.-Views - 05/19/08 04:10 PM
This Southwest Style spacious home is located in desirable West Sedona in an established neighborhood. Easily accessible to shopping, post office, theatre, library and medical facilities. Wonderful family, entertaining or extended family home. Master Suite upstairs with three bedrooms on lower level with all opening to fenced back yard. The home … (0 comments)
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West Sedona Southwest Style Home with Views - $519,000 - 05/19/08 03:53 PM
Amazing 3/2 Southwest Style Home high above West Sedona with hiking trails/state land across the street. Convenient to all shopping, post office and movies and medical facilities. Well maintained home with oversized garage, Arizona Room, new trek decks and spa and did I mention AMAZING VIEWS? See for yourself when you visit … (0 comments)
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Sedona Investment Property with views in the heart of town - 05/19/08 03:05 PM
Adorable, 2-story contemporary style home with gated entry, patios, guest-house and VIEWS. Main home has 2 Bedrooms and 2 Baths with Guest Studio/Bath to make up this true Sedona classic with instant income. Flagstone patio, decks and water feature on .40 acre. Kichen has granite countertops and custom tile. This … (0 comments)
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REDUCED to $237,500 5/3 1997 Man. Home on 4.61 acres - 05/18/08 01:31 PM
Rural and secluded, 5 bedroom 3 bath expansive 1997 Manufactured Home on 4.61 acres, bordering meanderland. Private well (222 ft.) and septic. Hide away in this light and open, split floor plan with vaulted ceilings and picture windows. Two-sided wood burning fireplace and front wooden deck and rear concrete pad with … (0 comments)
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Where are the rates going? - 05/15/08 05:13 PM
Long-term mortgage rates were mixed this week while rates on adjustable loans declined, Freddie Mac reported today.
The average 30-year fixed-rate loan dipped to 6.01 percent from last week's 6.05 percent, still below the year-ago average of 6.15 percent, according to Freddie Mac. On 15-year fixed-rate loans, the average was unchanged … (0 comments)
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The Fed's Next Move - 05/15/08 05:06 PM
What will the Federal Reserve Board do next? It appears that we are headed for a Fed Funds Rate increase in the future. Although, most economists agree that the Federal Reserve Board is going to freeze the Fed Funds Rate at 2.0% (remember, that this is the overnight rate that banks, … (0 comments)
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Good News Regarding PMI - 05/15/08 05:05 PM
Recently, the PMI Group stated that it has loosened its previous restrictions on Private Mortgage Insurance. Don't be fooled by this guideline change to help home buyers' though.
The guideline change has been put in place to aid lenders and homeowner help avert the foreclosure process.
Previously, when a lender wanted … (0 comments)
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Freddie Mac - 05/15/08 05:02 PM
Freddie Mac recently reported a first quarter loss of $151 million. However, this is a vast improvement over the Q4 numbers of a $2.5 billion dollar loss.
The GSE (government-sponsored enterprise) said the drastic change is due to benefiting from lower mark-to-market losses, and the adoption of its new Fair Value … (0 comments)
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Finally.....Reports that Phoenix home sales are up. - 05/15/08 04:59 PM
Phoenix Area Home Sales Up
Resale housing over the Metropolitan Phoenix, Arizona, is on the rise. According to recorded sales contracts, April of this year showed 5,585 home closings, up from 4,855 for this period a year ago, and 4,335 recorded sales in March.
Sales exceeded last year's sales by 15%, … (0 comments)
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Senate considering FHA expansion plan-Bush may veto - 05/15/08 04:56 PM
The fate of a plan to authorize the Federal Housing Administration to guarantee up to $300 billion in loans to help troubled borrowers refinance into more affordable mortgages could be decided Thursday by members of the Senate Banking Committee. This will be interesting to watch.....
Committee Chairman Chris Dodd, D-Conn., has … (0 comments)
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Fannie Mae Posts Results for First Quarter - 05/09/08 11:09 AM
Yesterday, Fannie Mae reported net losses of $2.19 billion for the first quarter of 2008. This is the company's third consecutive quarterly loss.The quarterly loss for the Washington D.C.-based company, considered a government-sponsored enterprise (GSE), was only the second timely filing by Fannie Mae since it overhauled its accounting in the … (0 comments)
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To date... - 05/09/08 11:06 AM
President Bush will undoubtedly Veto, Congresses new housing assistance package that was recently passed, primarily because he believes that it only rewards real estate investors and speculators. Look for a Republican version of a housing assistance program to be presented to the House of Representatives and Senate shortly. We anticipate that the … (0 comments)
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Mortgage Crisis and Student Loans... - 05/09/08 11:05 AM
The mounting credit woes of investors are now affecting the ability of banks and student loan institutions to lend. According to the Federal Reserve, the percentage of banks reporting tighter lending standards is reaching historic highs. College students say the loans that are available have a list of qualifications … (0 comments)
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News from the N.A.R. - 05/09/08 10:59 AM
According to the National Association of Realtors, it appears that many real estate markets across the U.S. are beginning to flatten out - very good news. Although it could be a couple of months before we see a significant rise in the overall number of real estate transactions, it appears that … (0 comments)
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Feds Cut Rates Again but.... - 05/09/08 10:58 AM
Fed Cuts Rate Again Well, the Federal Reserve was at it again. Recently, it cut the Fed's Fund rate from 2.25% to 2.0% - remember that this is the interest rate charged for overnight borrowing from the Federal Reserve Bank. While freeing up lenders' liquidity and allowing them to … (0 comments)
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Watch and See with Countrywide...in the "Hot Seat" again - 05/09/08 10:57 AM
Countrywide and Bankruptcy Abuse Countrywide is on the ‘hot seat' again. A Senate Judiciary subcommittee, recently heard testimony regarding allegations that Countrywide abused bankruptcy laws to overcharge struggling borrowers, with one company executive admitting that employees made mistakes "from time to time," but denied any "systematic errors". During the hearing, … (0 comments)
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Sedona #5 for Traveler's Choice Destination - 05/06/08 05:21 PM
NEEDHAM, Mass., April 29 /PRNewswire/ -- TripAdvisor®, the world's largest travel community, today announced the winners of its 2008 Travelers' Choice® Destinations Awards. In its inaugural year, the TripAdvisor Travelers' Choice Destinations Awards honor the world's top destinations, earning their distinction from those who know them best -- real travelers.Only TripAdvisor's … (0 comments)
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