Posts tagged as:
Will the current $8,000 tax credit for first-time homebuyers and the $6,500 tax credit for second-time buyers end this month? if so will that also mean the end for the housing recovery?
It’s a toss-up, say pro-tax credit-leaning advocates. But the program will continue through the end of this year, or at the least, for another [...]
{ 0 comments }
A recent policy change by the U.S. Department of Housing and Urban Development is encouraging flipping to foster more sales of foreclosure homes. This is a major shift in policy, as the regulations until now required a home to be on the market for 90 days before a home could be flipped.
“Flipping” Coplan said, [...]
{ 20 comments }
A big concern in today’s market is how advice and suggestions are given to sellers when they need to sell their house that is underwater. Underwater means more money is owed on a property than its current market worth.
Often agents are asked to explain foreclosure/REO transactions. they are asked if a short sale is [...]
{ 0 comments }
As a RE/MAX Agent who specializes in Phoenix Real Estate it is always a pleasure to see the powerful RE/MAX brand at work. To be a part of RE/MAX Alliance is truly a joy! Check out this Wall Street Journal Article where a photo of U.S. skier Bode Miller accompanied a story about tape delays for 2010 Winter Olympics in Vancouver [...]
{ 14 comments }
Last year there were 2.82 million foreclosures, the most since RealtyTrac began compiling data in 2005. Some Analysts expect more than 4.5 million filings are expected this year. There is little doubt among analysts that foreclosures will top 3 million this year.
“As bad as the 2009 numbers are, they probably would have been worse [...]
{ 0 comments }
According to Zillow Thirty-year fixed mortgage rates rose above the 5 percent mark in Arizona last week.
the Seattle-based real estate company Zillow says the state’s average 30-year fixed mortgage rate is 5.08 percent for the week ending Dec. 27, a major jump up from 4.9 percent the week prior.
the national average of 30 year fixed [...]
{ 1 comment }
The Pending Home Sales Index was established in 2001. Since its inception there has never been 9 consecutive months of growth, until now. December 1st it was reported from the National Association of Realtors that the index reached 114 marking the 9th month in a row that the index has risen.
The Pending Home [...]
{ 1 comment }
In a study that analyzes trends for total crime, Gilbert was named the safest municipality in Arizona. Gilbert has a population of 220,000 and was ranked 24th in the entire united states.
The good news continues to pile up this year for Gilbert. In the annual heads of households survey 97 percent expressed satisfaction with the [...]
{ 1 comment }
The U.S. Treasury Department released a plan intended to speed up and encourage the short sale process.
A short sale is the final step a homeowner may take before giving up on a house and letting it slide into foreclosure. However, in the past the foreclosure process has been time consuming and has not delivered the desired results. [...]
{ 1 comment }
The fastest growing home loan on the market is the FHA 203k. in 2008 there were 10,000 FHA 203k loans, this year there will be 80,000 and next year estimates are over 500,000 FHA 203k loans will be processed. What is this loan? and do you qualify? read the FAQ below.
What is an FHA 203k [...]
{ 0 comments }
