Communities
Shrinking Inventory and Rising List Prices Point to Housing Recovery
Housing recovery is in motion and positive signs are showing up daily. Phoenix leads the way in rapid recovery from a long hard fall. Nationwide we are seeing signs that the real estate market is turning and starting it’s recovery across all price points with the exception of a few weak housing markets. USA Today reported that the number of existing homes for sale (inventory) dropped to 22% from a year ago. The National Association of Realtors reported a rise in home prices in 74 of … [Continue Reading...]
Bank of America Offers Mortgage Reductions to 200,000
Bank of America's offer to help underwater homeowners may be too late for many here in the valley...but may still benefit many and help our economy recover...which is good for everyone. If you have a mortgage with Bank of America you may be one of the thousands of homeowners to receive a letter from the bank offering to forgive a portion of the principal balance on your mortgage by an average of $150,000 each. The effort to reduce troubled homeowners’ mortgages comes under … [Continue Reading...]
Escape Your Unmanageable Mortgage
Escape Your Unmanageable Mortgage: Getting free doesn’t have to mean running away. Perhaps you have heard about it. On the news, a reporter tells a story about how the housing crisis has caused some homeowners to simply walk away from their homes. It sounds crazy, but many people are being led to believe that walking away from their home is a good (or even the best!) option. It is called Strategic Default. For distressed homeowners who believe that they have no good … [Continue Reading...]
How to Recognize Mortgage Relief Fraud
With the introduction of several new programs to reduce interest rates or principle on mortgages, many struggling homeowners are looking for professionals to help. Unfortunately, some homeowners are being taken in by con artists out there looking to take advantage of such homeowners with a promise of legal tactics to forestall foreclosure, reduce mortgage balances and interest rates, or restore credit. But these so-called mass joinder lawsuits being advertised in mailings are … [Continue Reading...]
The New Home Market is Heating Up
The new home market is heating up as buyer demands increase. We have been blogging about the rebound here in Phoenix for the last couple of weeks. Clearly Phoenix is leading the way in the housing recovery. We are experiencing rising home prices as our supply of homes diminish, yet our buyer demand remains strong. Contributing to the decrease of homes on the market and the rising home prices here in Phoenix has been the small supply of new build homes on the market. The home builder’s … [Continue Reading...]
















