Real Estate News

More U.S. homeowners are receiving mortgage modifications, according to the latest report card on the program from the federal goverment.
The number of permanent modifications climbed to 170,000 in February from 116,000 in January, according to the U.S. Treasury Dept.
There’s been criticism from housing advocates that many three-month trial modifications started by lenders have not been made permanent. It’s clear from February’s increase, Treasury was not pleased with the results and are pushing lenders harder.

The HOPE NOW Alliance, working with the federal government’s Making Home Affordable Program, are in Phoenix again hosting a free "Homeownership Preservation" event. It starts today and runs through tomorrow Friday March 12th.
A similar event was held at South Mountain High School last summer.Homeowners facing foreclosure can receive free housing counseling at the events.
 
The current workshop is being held at the Glendale Civic Center and starts at 1 p.m today and runs until 7:30 p.m. Tomorrow, the doors are open from 10 a.m. to 6 p.m.

What I mean by single property websites?
A website with all the information prospective buyer needs such as:

• lots of photos
• google map
• property specs
• descriptive copy
• school system info
• neighborhood market stats
• virtual tour

The Arizona Awarness Month is sponsored by the State Historic Preservation Office.

Objective:

Use the Gap Coupon to get 30% off a pair of regular-priced jeans when you bring in an old pair. The old pair does not have to be from the Gap.
Deal is valid in stores only. Make sure the store is participating.
March 6 - March 14, 2010

The Arizona Housing Department is waiting to hear how much of the $1.5 billion in additional foreclosure aid, announced by President Barack Obama in Las Vegas a few weeks ago, the state will receive.
The U.S. Treasury Department is supposed to announce this Friday (tomorrow) what share of the money each of the five states, including Arizona, hardest hit by foreclosures will get.

Of the $1.5 billion allotted by the federal government to help states hardest hit by housing bubbles that burst, Arizona will receive $125 million.
Arizona is one of five states to receive the money, all states where home prices have dropped more than 20 percent. The money was divided among the states based on drops in home values, unemployment rates and foreclosure figures. The four other states and the funds they will receive: California, $670 million; Florida, $418 million; Michigan $155 million; and Nevada, $103 million.

Phoenix RE BarCamp 2010 Countdown:

Single Family Homes Sales Trends in Fountain Hills, February 2010 February 2009 January 2010 February 2010 Monthly Change in % Annual Change in % Asking Price $610,129 $646,576 $531,258 -17.84% -12.93% Sale Price $544,038 $593,421 $485,949 -18.11% -10.68% % of Asking Price 89.17% 91.78% 91.47% -0.34% 2.58% Price/SqFt $176 $189 $184 -2.65% 4.55% DOM* 176 220 152 -30.91% -13.64% Total Transactions 24 29 31 6.9% 29.17% Condos/Townhouses Sales Trends in Fountain Hills, February 2010 February 2009 January 2010

Single Family Homes Sales Trends in South Scottsdale, February 2010 February 2009 January 2010 February 2010 Monthly Change in % Annual Change in % Asking Price $272,133 $262,871 $234,000 -10.98% -14.01% Sale Price $254,257 $249,725 $244,924 -1.92% -3.67% % of Asking Price 93.43% 95% 104.67% 10.18% 12.03% Price/SqFt $132 $132 $134 1.52% 1.52% DOM* 136 92 94 2.17% -30.88% Total Transactions 27 52 53 1.92% 96.3% Condos/Townhouses Sales Trends in South Scottsdale, February 2010 February 2009 January 2010

Single Family Homes Sales Trends in North Scottsdale, February 2010 February 2009 January 2010 February 2010 Monthly Change in % Annual Change in % Asking Price $746,093 $748,756 $690,501 -7.78% -7.45% Sale Price $686,923 $675,194 $631,690 -6.44% -8.04% % of Asking Price 92.07% 90.18% 91.48% 1.44% -0.64% Price/SqFt $218 $207 $193 -6.76% -11.47% DOM* 192 185 175 -5.41% -8.85% Total Transactions 179 234 269 14.96% 50.28% Condos/Townhouses Sales Trends in North Scottsdale, February 2010 February 2009

West Valley single family homes, condos and townhouses sales reports for January 2010 including:Avondale, El Mirage, Glendale, 

Central Corridor Market Conditions, February 2010

Posted March 3rd, 2010 by Matthew Pellerin