Real Estate News
Mortgage Rates Go Higher
Mortgage rates edged up this week, but even 30-year fixed rates below 5% have done little to boost home sales. Freddie Mac said Thursday that the average rate on 30-year fixed mortgages rose to 4.81% from 4.76% the previous week. It hit a 40-year low 4.17% in November. The average rate on 15-year fixed mortgages &hellip Continue reading
HUD Home Sale To Ban Investors
HUD Home Sale To Ban Investors Organizers of a foreclosure-home auction scheduled for Saturday in Phoenix said their event will be unlike any previous home auction in Arizona for one simple reason: No investors are allowed. BLB Resources, an asset-management firm based in Irvine, Calif., is tasked with disposing of all Arizona homes foreclosed on &hellip Continue reading
Phoenix Home Sales May Rebound Soon
Several key housing indicators that predicted last year’s double dip in metro Phoenix home prices are now showing the market could be poised to start a slow rebound. According to “Cromford Report” principal Mike Orr’s daily tracking of the region’s residential real-estate data, most of the key indicators that turned negative at the end of &hellip Continue reading
Phoenix Area Real Estate Market Reality
Phoenix-area real-estate market may face new reality As the Phoenix-area housing market’s shift from boom to bust approaches its fifth anniversary, a number of real-estate analysts have replaced optimistic terms such as “recovery” with sobering talk of a new market reality. The landscape of tomorrow’s housing market, as depicted in recent research papers and forecast &hellip Continue reading
Twitter Weekly Updates for 2011-01-23
New post: Twitter Weekly Updates for 2011-01-16 # Twitter Weekly Updates for 2011-01-16 <