ARCHIVED BLOG POSTS
2008
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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. 2008 will remain a slow seller market, but a excellent buyer's market with plenty of choic...
04/04/2008
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Fannie Mae has tightened standards for the home mortgages it guarantees or buys.The government-sponsored provider of home loan funding told lenders Monday it will require a minimum credit score of 580 for most loans it buys on an individual basis. Credit scores range from 300 to 850. In the past,...
04/04/2008
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March Residential HighlightsMarch came in like a Lion! Amazing what a month has done in our Real Estate Market. Closed sales saw huge 41% increase over February (181 v. 255). It appears that we have possibly hit bottom as closed sales have continued to creep up and have increased every month si...
04/04/2008
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The Bush administration released over the weekend a sweeping proposal to revise regulation of financial markets.The proposal, which will be outlined in detail April 1, will merge or eliminate some long-standing institutions like the Securities and Exchange Commission, and streamline others. The F...
04/04/2008