Local and nationwide daily real estate related news from official sources and blogs of real estate professionals.
REALTOR® Peter Lupus is a Certified Distressed Property Expert
Posted February 3rd, 2012 by Peter LupusGilbert, AZ – Peter Lupus and ProSmart Realty announced today that Peter Lupus has achieved the Certified Distressed Property Expert (CDPE) designation from the Charfen Institute. Lupus is the first and only REALTOR® in his organization to receive the designation, joining the agents worldwide that have earned the certification to help aid people in troubled housing situations.
AZ Distressed Property Report – January 2012
Posted January 31st, 2012 by Peter LupusCan Obama's plan to help homeowners with private mortgages work?
Posted January 29th, 2012 by Anthony BoydstonIn President Barack Obama’s State of the Union last night, he vowed to keep the “American dream” alive.
His plan includes legislation that would extend the expanded HARP refinancing program to homeowners with private loans.
Currently only underwater homeowners with mortgages backed by government-owned Fannie and Freddie Mac are eligible. To qualify, it doesn’t matter how much homeowners are underwater, but they can’t have missed more than one payment.
Some investors eligible for HARP 2 refinancing
Posted January 25th, 2012 by Anthony Boydston Fannie Mae and Freddie Mac are changing the rules in a way doing something that could make metro Phoenix’s many home investors very happy.
The new program that allows homeowners with mortgages held by those government-owned mortgage giants to refinance, no matter how underwater they are, now will include investors. When the expanded Home Affordable Refinancing Program, or HARP, was announced in October, investors weren’t going to be to be included.
December best month of 2011 for new home sales in Phoenix
Posted January 22nd, 2012 by Anthony BoydstonNew-home sales across the Phoenix area in 2011 hit their highest level at the end of the year, according to the “Phoenix Housing Market Letter.”
In December 855, new homes sold. That’s nearly double the monthly rate in Phoenix for most of 2011. It could be that the supply of foreclosure- and resale homes is at a seven-year low, or the near-record low interest rates.
Commercial market dealing with foreclosure issues
Posted January 19th, 2012 by Anthony BoydstonProblems similar to those that played out lenders, servicers and borrowers in housing market during its foreclosure crisis, are now issues for the commercial real estate market.
Earlier this week at a Arizona Commercial Mortgage Lenders Association meeting, much of the discussion was about difficulties of buying office buildings, hotels, warehouses, apartments and shopping centers in foreclosure.
West Valley Market Conditions, December 2011
Posted January 17th, 2012 by Matthew PellerinWest Valley single family homes, condos and townhouses sales reports for December 2011 including:Avondale, El Mirage, Glendale,
East Valley single family homes, condos and townhouses sales reports for December 2011 including:Apache Junction, Chandler, Gilbert,
NEW YORK — When the real estate market improves has a lot to do with your perspective on the market, said Alex Perriello, president and CEO for Realogy Franchise Group, during a panel presentation Thursday at theReal Estate Connect conference. Arizona prosecutors have cracked down on another scheme that takes advantage of homeowners facing foreclosure. FOR IMMEDIATE RELEASE Contact: Stabilizing and restoring the health of the housing market is critical to a broader economic recovery, according to a white paper released yesterday by the Federal Reserve Board. Many of the issues and recommendations outlined in the paper support key principles established by the National Association of Realtors® to help revitalize the housing industry and economy. Pending home sales continued to gain in November and reached the highest level in 19 months, according to the National Association of Realtors®. The Pending Home Sales Index,* a forward-looking indicator based on contract signings, increased 7.3 percent to 100.1 in November from an upwardly revised 93.3 in October and is 5.9 percent above November 2010 when it stood at 94.5. The October upward revision resulted in a 10.4 percent monthly gain. Arizona State University has a new real estate analyst, but he’s no newcomer to metro Phoenix’s housing market. Sure, the past year was been tough for real estate, but it seems like the rich and famous of the world did more than okay in that department- as evidenced by so many popular stories of home prices gone wild. For while 2011 ushered in some of the saddest tales of distressed properties this country has ever seen—and a whole lot of them at that—on the other end of the spectrum, we saw some the most expensive real estate transactions in history. As in ever. And so, in tribute to record-breaking home sales of 2011, ZipCode brings you… Waiver for 90-day resales extended through 2012 The Distressed Property Report contains three interactive maps; one short sales, foreclosures and a map of all distressed properties. Each map is a snapshot of the active distressed property aggregated by ZIP Code. Click any of the thumbnails below is see interactive maps. Once on an interactive map, clicking a dot will display more information.
East Valley Market Conditions, December 2011
Posted January 17th, 2012 by Matthew Pellerin
Rio Verde Market Conditions, December 2011
Posted January 17th, 2012 by Matthew Pellerin
Embed Chart
Provided by PhoenixHomes.comSimply copy and paste the HTML code into your site. Click to continue »
Central Corridor Market Conditions, December 2011
Posted January 17th, 2012 by Matthew Pellerin
Embed Chart
Provided by PhoenixHomes.comSimply copy and paste the HTML code into your site. Click to continue »
Carefree Market Conditions, December 2011
Posted January 17th, 2012 by Matthew Pellerin
Embed Chart
Provided by PhoenixHomes.comSimply copy and paste the HTML code into your site. Click to continue »
Cave Creek Market Conditions, December 2011
Posted January 17th, 2012 by Matthew Pellerin
Embed Chart
Provided by PhoenixHomes.comSimply copy and paste the HTML code into your site. Click to continue »
Paradise Valley Market Conditions, December 2011
Posted January 17th, 2012 by Matthew Pellerin
Scottsdale Market Conditions, December 2011
Posted January 17th, 2012 by Matthew Pellerin
Embed Chart
Provided by PhoenixHomes.comSimply copy and paste the HTML code into your site. Click to continue »
Phoenix Market Conditions, December 2011
Posted January 17th, 2012 by Matthew Pellerin
Embed Chart
Provided by PhoenixHomes.comSimply copy and paste the HTML code into your site. Click to continue »
Perspectives on a ‘better’ real estate market
Posted January 16th, 2012 by Peter Lupus
Housing recovery may not bring a sales spike
Gilbert man indicted for housing investment scheme
Posted January 16th, 2012 by Anthony Boydston
Gerald Lee Kelly, 47, of Gilbert has been indicted by a federal grand jury in Phoenix for wire and mail fraud, money laundering and structuring financial transactions to avoid federal bank requirements.
PETER LUPUS HELPS ATTRACT MORE BUYERS BY USING REALTOR.com ®
Posted January 14th, 2012 by Peter Lupus
Scottsdale, Arizona, United States of America(Free-Press-Release.com) January 14, 2012 –
Peter Lupus
Peter Lupus Real Estate Group with ProSmart Realty
480-788-7785
peter@plreg.com
Increased Lending and More Loan Modifications and Short Sales, Key to Recovery, Say REALTORS®
Posted January 12th, 2012 by Peter Lupus
Pending Home Sales Rise Again in November, Highest in a Year-and-a-Half
Posted January 12th, 2012 by Peter Lupus
New real estate expert at ASU
Posted January 9th, 2012 by Anthony Boydston
Mike Orr, publisher of The Cromford Report, the daily online real-estate market analysis for metro Phoenix, has joined the W.P. Carey School of Business. The Oxford University-educated mathematician from England will provide real estate analysis for the university and continue his own real estate report. His new ASU title is director of the Center for Real Estate Theory and Practice.
Top 3 Most Ridiculously Expensive Home Sales of 2011
Posted January 8th, 2012 by Peter Lupus
FHA will keep funding flips
Posted December 30th, 2011 by Peter Lupus
Distressed Property Report – 12/11
Posted December 29th, 2011 by Peter Lupus
AZ December Distressed Property Report
Shopping for a VA Loan – Compare Apples to Apples
Posted December 28th, 2011 by Peter Lupus
If you are out shopping for a new VA loan, or any other mortgage for that matter how do you know if you are getting a good deal or not? You know how you get a good deal with a mortgage by comparing apples to apples or comparing good faith estimates to good faith estimates.