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Obama
signs home buyer tax credit extension. Will it be
effective?
It is
finally official. The homebuyers' tax credit has
been extended to April 30, 2010.
(more
info…)
Arizona
is receiving $66 million from the federal stimulus package
to revive more than 30 stalled affordable-housing projects
for families, seniors and the disabled.
(more
info…)
'First
Look' aids home purchases
Arizona
home
buyers trying to tap federal funds to help them purchase
foreclosure homes now may find it a little easier.
(more
info…)
Sales
of luxury homes in
Paradise
Valley
and portions of
Scottsdale
are picking up, largely because of dramatic price
discounts that have prompted all-out bidding wars.
(more
info…)
GSEs
testing program to aid independent mortgage bankers
According
to information published in The Wall Street Journal,
Freddie Mac and Fannie Mae are preparing to step up and
help some of their affiliates in the current credit
crunch.
(more
info…) The
new RESPA rule - The Essentials
If
you’re a home mortgage loan originator, mortgage broker,
realtor, title agent or other provider of services related
to the processing or closing of a residential mortgage
loan, you know that January 1, 2010 is D-Day for the use
of the new Good Faith Estimate (GFE) of settlement charges
(www.hud.gov/respa)
and HUD-1 Settlement Statement (www.hud.gov/respa)
prescribed by the RESPA reform final rule published
January 16, 2009.
(more
info…)
Risk-taking
is back for banks 1 year after crisis
NEW
YORK
– A year after the financial system nearly collapsed,
the nation's biggest banks are bigger and regaining their
appetite for risk.
(more
info…)
Business
credit conditions still aren't where they were a few years
ago, when loans flowed as freely as beer at a fraternity
party, but the nation's borrowing hangover is starting to
clear up.
(more
info…)
Valley
foreclosures drop but reasons unclear
A growing
number of home-mortgage holders in foreclosure are taking
their lenders to court, where they are posing fundamental
questions about the banks' legal right to repossess their
homes, said an attorney addressing a packed crowd of
lawyers Thursday at the State Bar of Arizona 2009
Convention in
Phoenix.
(more
info…)
While
much of the commercial real estate market, both locally
and nationally, has been in lockdown since the global
banking collapse, the apartment segment is gaining
momentum this summer.
(more
info…)
A
condo crisis
New
federal loan-guarantee rules imposed to fend off future
government losses from plummeting condominium prices have
rendered condos utterly worthless, Valley real-estate
experts said.
(more
info…)
Valley
housing attracting cash
Half-a-billion
dollars in cash was spent on down payments and home
purchases in metropolitan
Phoenix
last month
(more
info…)
Valley
landlords face new reality
Renting
out homes has long been a profitable enterprise for many
Valley landlords.
(more
info…)
When
is a home a deal?
CHICAGO
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For all the doom and gloom about the housing market, it
still generally pays to own a home.
(more
info…)
Bidding
wars snarl the housing market
It
should be the best time to purchase a home in decades.
(more
info…)
Foreclosed
purchase can cost you time
Time
is money for buyers of distressed Valley homes.
(more
info…)
Short
sales not a long shot, experts say
Home
builders, real-estate investors and other home sellers say
they have seen a boost in interest as a Nov. 30 deadline
approaches for first-time buyers to receive a federal
income-tax rebate of up to $8,000.
(more
info…)
Theft
of fixtures becomes major risk in foreclosures
With
a $165,000 price tag, the two-story, four-bedroom house
for sale in Avondale was a steal.
(more
info…)
Property-tax
bills up despite drop in home values
People
handling loan modifications in
Arizona
will have to be licensed by next summer.
(more
info…)
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