Local and nationwide daily real estate related news from official sources and blogs of real estate professionals.
Arizona to get $1.6 billion from natl. lender settlement, $10 million from BofA lawsuit
Posted February 11th, 2012 by Anthony BoydstonArizona will receive $1.6 billion of the $26 billion settlement over bad foreclosure practices that government officials reached with the nation’s biggest lenders today.
Separately, the state will receive $10 million from Bank of America to settle its lawsuit over alleged mortgage fraud the Arizona Attorney General filed against the lender in December 2010. The settlement of that lawsuit, reached late last night, had to happen for Arizona to participate in the national settlement. BofA is also part of the nationwide settlement.
Home prices climb in Phoenix
Posted February 11th, 2012 by Anthony BoydstonMetro Phoenix’s median existing home price climbed again in January to $121,500, according to the Information Market.
The region’s home values ended the year on a high note when the median climbed to $120,000 after falling to $112,000 last August.
The recent increases come after a triple dip for the region’s home values. But many housing market analysts are confident metro Phoenix is past the market’s bottom and should keep slowly improving.
I’ll keep tracking the numbers… …
Merkley: We Need a Renewed Effort to Fix the Foreclosure Crisis
Posted February 8th, 2012 by Peter LupusSenator Merkley talks with Dylan Ratigan on MSNBC about the current foreclosure crisis and how his plan will help prevent families from losing their homes.
Fountain Hills Market Statistics – January 2012
Posted February 7th, 2012 by Matthew Pellerin in
Single Family Homes Sales Trends in Fountain Hills, January 2012 January 2011 December 2011 January 2012 Monthly Change in % Annual Change in % Asking Price $407,505 $357,663 $351,769 -1.65% -13.68% Sale Price $380,758 $343,919 $328,131 -4.59% -13.82% % of Asking Price 93.44% 96.16% 93.28% -3% -0.17% Price/SqFt $137 $137 $143 4.38% 4.38% DOM* 161 [...]
South Scottsdale Market Statistics – January 2012
Posted February 7th, 2012 by Matthew Pellerin in
Single Family Homes Sales Trends in South Scottsdale, January 2012 January 2011 December 2011 January 2012 Monthly Change in % Annual Change in % Asking Price $303,298 $229,062 $232,328 1.43% -23.4% Sale Price $275,923 $219,903 $221,613 0.78% -19.68% % of Asking Price 90.97% 96% 95.39% -0.64% 4.86% Price/SqFt $137 $125 $123 -1.6% -10.22% DOM* 136 [...]
North Scottsdale Market Statistics – January 2012
Posted February 7th, 2012 by Matthew Pellerin in
Single Family Homes Sales Trends in North Scottsdale, January 2012 January 2011 December 2011 January 2012 Monthly Change in % Annual Change in % Asking Price $532,211 $570,654 $569,130 -0.27% 6.94% Sale Price $493,216 $539,220 $534,608 -0.86% 8.39% % of Asking Price 92.67% 94.49% 93.93% -0.59% 1.36% Price/SqFt $170 $177 $175 -1.13% 2.94% DOM* 157 [...]
West Valley Market Conditions, January 2012
Posted February 7th, 2012 by Matthew PellerinWest Valley single family homes, condos and townhouses sales reports for January 2012 including:Avondale, El Mirage, Glendale,
East Valley single family homes, condos and townhouses sales reports for January 2012 including:Apache Junction, Chandler, Gilbert,
New data shows the number Phoenix-area homes taken back by lenders fell to its lowest level in January since early 2008. … The much-anticipated details of a sweeping plan to help nearly 15 million Americans underwater on their mortgages refinance to lower rates were announced this morning by President Barack Obama during a speech in Falls Church, Virg. Gilbert, 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. The quantity you pay will vary according to the province you live in as well as the insurance enterprise you might be insured with. Your deductible might be $250, $500, or $1,000. If your deductible is $1,000 and you happen … Continue reading → Phoenix Arizona Homes - Real Estate news &blogs in the SE valley Phoenix AZ In President Barack Obama’s State of the Union last night, he vowed to keep the “American dream” alive. 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. More than 30,000 accidents are triggered every single year by cats, dogs and pets that are not properly secured in pet auto seats. A lot of pets are severely injured by sudden stops and are generally killed when in an … Continue reading → Phoenix Arizona Homes - Real Estate news &blogs in the SE valley Phoenix AZ Phoenix Real estate experts predict the Valley’s housing glut is reaching its end as early as spring & see a shortage then.
Continue reading → Phoenix Arizona Homes - Real Estate news &blogs in the SE valley Phoenix AZ When it comes to traveling, it is usually best to be on the secure side, due to the fact you’ll never ever know what to expect. Regardless of whether you happen to be traveling as a tourist, a backpacker, as … Continue reading → Phoenix Arizona Homes - Real Estate news &blogs in the SE valley Phoenix AZ
East Valley Market Conditions, January 2012
Posted February 7th, 2012 by Matthew Pellerin
Rio Verde Market Conditions, January 2012
Posted February 7th, 2012 by Matthew Pellerin
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Central Corridor Market Conditions, January 2012
Posted February 7th, 2012 by Matthew Pellerin
Carefree Market Conditions, January 2012
Posted February 7th, 2012 by Matthew Pellerin
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Cave Creek Market Conditions, January 2012
Posted February 7th, 2012 by Matthew Pellerin
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Paradise Valley Market Conditions, January 2012
Posted February 7th, 2012 by Matthew Pellerin
Scottsdale Market Conditions, January 2012
Posted February 7th, 2012 by Matthew Pellerin
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Phoenix Market Conditions, January 2012
Posted February 7th, 2012 by Matthew Pellerin
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Phoenix foreclosure fall
Posted February 4th, 2012 by Anthony Boydston
Last month, there were 2,263 foreclosures, or trustee sales, in the region, according to the Information Market. Pre-foreclosures, also known as notice of trustee sales, fell to 2,932, the lowest level since the summer of 2007.
Obama announces more details on refinancing for underwater homeowners
Posted February 4th, 2012 by Anthony Boydston
The plan, first mentioned in one of the president’s speech last October, would be broadened to include not only homeowners with Fannie Mae and Freddie Mac mortgagesd, but also 3.5 million homeowners with privately-held home loans.
REALTOR® Peter Lupus is a Certified Distressed Property Expert
Posted February 3rd, 2012 by Peter Lupus
Auto insurance Deductibles Explained
Posted February 1st, 2012 by ralphie13
AZ Distressed Property Report – January 2012
Posted January 31st, 2012 by Peter Lupus
Arizona Distressed Property Report - January 2012
Can Obama's plan to help homeowners with private mortgages work?
Posted January 29th, 2012 by Anthony Boydston
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
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.
Pet Car Seats, a Safer Strategy to Acquire Your Pet on a Car Trip
Posted January 25th, 2012 by ralphie13
Phoenix housing shortage by spring
Posted January 24th, 2012 by ralphie13
Canadian Travel Insurance policy: In which Can I Get Journey Insurance plan Discounts?
Posted January 24th, 2012 by ralphie13