News
Valley foreclosures down
17% drop from October comes as lenders ease terms for strapped borrowers
by Catherine Reagor - Dec. 9, 2008 12:00 AM
The Arizona Republic
Valley foreclosures significantly fell in November, suggesting that lenders are finally working with borrowers to help them pay their loans and that the area's housing market may have hit bottom.
Low Prices, Low Rates Mean Opportunity
Housing prices have fallen dramatically all over the country and rates on 30-year fixed-rate mortgages are already close to 5.5 percent. Experts say it's possible, with government encouragement, that rates will fall as low as 4.5 percent.
Now is the time for first-time to step up. Here are some things to consider:
Mortgage Applications Rise
Real Estate Outlook: Mortgage Applications Rise
by Kenneth R. Harney - If new mortgage applications are a reliable gauge of forthcoming home purchases, looks like we've got a bumper crop taking shape out there.
As housing falls, short sales becoming common,
an article from MSNBC.com, reports that according to a real estate industry survey released last week by Bethesda, Md.-based Inside Mortgage Finance, and Washington, DC-based Campbell Communications, roughly 20% of all U.S.
West Mesa to receive new Lowes,
an article from the East Valley Tribune, reports that after two years of discussion, the Mesa City Council approved a plan to allow a Lowe's home improvement store in west Mesa. The City Council approved a permit allowing the retail store to be built on a vacant lot currently zoned for industrial use.
April Marks 40 Years of Fair Housing
an article from Realtor.org, reports that REALTORS® continue to be outspoken advocates for fair housing, working with home buyers and sellers to ensure they receive equal access to affordable housing and homeownership, as America celebrates the 40th anniversary of the Fair Housing Act this month.
Basements selling point for builder
an article from The Arizona Republic, reports that according to Holmes Homes, even in a challenging housing market, basements should drive sales at Nauvoo Station in Queen Creek. All 98 homes in the Manors neighborhood will have basements, with prices from $289,900 to $365,900.
Fed cuts rates to 4.5%
Fed cuts rates to 4.5%, an article from CNNMoney.com, reports that the Federal Reserve lowered the critical short-term interest rate by a quarter of a point Wednesday, citing continued concerns about weakness in the housing market.
Battle brewing to allow homes at Motorola site
Battle brewing to allow homes at Motorola site, an article from The Arizona Republic, reports that prospective buyers of the Motorola plant on Price Road, along with its 153 acres of land, want to build ho
