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Phoenix Real Estate News

Phoenix Real Estate on Realtor.com – Location and Economics are Keys to Stabilization

July 30, 2010

I was featured on REALTOR.com® again – they posted a blog I wrote called “Location and Economics are Keys to Stabilization.”

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Just Out Today – foreclosures up in 75 percent of metros. What?!

July 29, 2010

RealtyTrac® the leading online marketplace for foreclosure properties, released today its Midyear 2010 Metropolitan Foreclosure Market Report. The news was grim. It showed 154 of the 206 U.S. metropolitan areas with a population of 200,000 or more posted year-over-year increases in foreclosure activity – that is an astounding 75 percent.

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Phoenix is HOT! And so are the mortgage rates

July 17, 2010

I know I blog about mortgage rates a lot. Partly this is because I just cannot believe how the rates have remained so low for so long. Mortgage rates were unchanged this week and were – yet again – at the lowest point in decades.

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More Research Encourages Buying (versus renting) a Phoenix Home

July 15, 2010

Credit Suisse reported data this week putting numbers to something we already suspected: it can be less expensive to own a home than to rent.

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Sales up in the Phoenix housing market . . . and foreclosures too

July 8, 2010

The latest Realty Studies report from Arizona State University’s W. P. Carey School of Business came out this week. As in my blog post on Tuesday, news is mixed.

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The Phoenix Real Estate Market Continues Its Ups and Downs

July 6, 2010

The Arizona Republic reported numbers today that show mixed signals regarding the Phoenix housing market. Part of the confusion is due to the large unknown regarding the impact of the federal homebuyer tax credit on sales as well as the loan-modification program on foreclosures.

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Fannie Mae Urges Homeowners to Not Walk Away

June 28, 2010

Fannie Mae announced last week that it would “lock out” borrowers from obtaining a new loan for seven years if they choose to “strategically” default on a mortgage they could have afforded.

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Tempe Gateway Building Purchase Shows Confidence in Phoenix Real Estate Market

June 25, 2010

I love Tempe. So I was especially happy when I read in the Arizona Republic that a Seattle company purchased the Gateway building in downtown Tempe. If you’re not familiar, it is the eight-story building located at Mill Avenue and Third Street.

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Mortgage Fraud Arrests and Crackdown Strikes Phoenix

June 18, 2010

Finally!  In cased you missed the article in today’s Arizona Republic, arrests and prosecution of those committing mortgage fraud are on the rise. Since the beginning of March, there have been 51 Arizona indictments with 13 convictions.
Meanwhile, a recent Businessweek article reported that a man from Henderson, Nev., was recently sentenced to 1-2.5 years in [...]

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As Phoenix Real Estate Stabilizes, Mortgage Applications Jump

June 16, 2010

There has been a lot of data recently to support the notion that the real estate market is stabilizing. And last week, the amount of customers applying for mortgages jumped 18 percent. Yet another sign that the market is becoming stable.

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