az homes for sale: Major FHA Underwriting & Program Changes
- 01/15/10 08:41 AM
In this update, we are going to focus on major changes to the FHA program that we expect will be implemented in 2010, starting later this month. FHA Commissioner Dave Stevens and his team have been reviewing FHA's performance data and operations for several months and we believe there will be dramatic changes to the FHA program and policies. Over the next several months, we expect at least five significant policy changes in the FHA program. They are: I. Major FHA Underwriting & Program Changes As we discussed in our update on the December 2nd Congressional hearing at which HUD … (1 comments)
This is some encouraging news, Brooke. Record Streak Continues for Pending Home Sales !Pending home sales have increased for seven straight months, the longest in the series of the index which began in 2001, according to the NATIONAL ASSOCIATION OF REALTORS®. The Pending Home Sales Index, a forward-looking indicator based on contracts signed in August, rose 6.4 percent to 103.8 from a reading of 97.6 in July, and is 12.4 percent above August 2008 when it was 92.4. The index is at the highest level since March 2007 when it was 104..5. Lawrence Yun, NAR chief economist, said not all … (0 comments)
az homes for sale: Buyer Tax Credit!
- 09/23/09 11:31 AM
Don't miss out on the first-time homebuyer tax credit of $8,000! Eligible buyers must complete their purchase before December 1, 2009...that's right, the tax credit expires on November 30th not December 31st.
You can claim the credit ($8000 or 10% of purchase price, whichever is less) if you are a first-time homebuyer. You are considered a first-time homebuyer if: · You purchased your main home in 2009 before December 1, 2009 · You (and your spouse if married) did not own any other main home in the previous 3 years. · Your income is not more than $75,000 ($150,000 … (0 comments)
az homes for sale: Phoenix's Housing Bust goes Boom!!!
- 09/23/09 11:26 AM
More homes are selling than at any time since 2006. Buyers find themselves in bidding wars over low-end properties. It's what a national housing recovery could look like. By Nicholas RiccardiMay 18, 2009Reporting from Phoenix - After four years of renting because they were priced out of the real estate market, Jamia Jenkins and Scott Renshaw concluded the time had arrived for them to buy.They saw that home prices had dropped so fast here -- faster than in any other big city in the nation -- that mortgage payments would be less than the $900 they paid in rent. The city … (2 comments)
az homes for sale: 12,392 pending sales of single family dwellings in Maricopa County
- 09/23/09 11:25 AM
It seems the amount of pending sales keeps going up. My big question is how many of these 12,392 sales will close. Recent research shows that only 1/3 of all pending deals are closing. Many reasons include, appraisals coming in too low, inspections uncovering too many problems, lenders changing their funding rules last minute, well really the list can go on and on. I'm trying my best to make sure all my pending transactions will close by doing the "extra" work and for-seeing challenges before they arise. So far it has helped by attending all the inspections, but most importantly seting up … (2 comments)
;)
;)
