realtors

Move to repeal controversial Arizona foreclosure law, again

Opponents of a controversial Arizona law that could make some homeowners liable for tens of thousands of dollars on homes that go into foreclosure aren’t giving up. Real estate groups, including the Arizona Association of Realtors, are trying to have the SB 1271 repealed again in the current special legislative session.
SB 1271 was repealed in the Arizona’s special budget legislative session a few months ago. But then in October, the Arizona Bankers Association, which backed SB 1271, filed a lawsuit in Arizona Supreme Court saying the repeal of the law was unconstitutional because it exceeded the scope of the session.
“Legislators …

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Posted by CatherineReagor’s Blog

New home sales climb in metro Phoenix

In March, there were 200 more new homes sales across the Valley than the month before. That may not sound like much, but it’s significant in the current slowdown.
Last month, 9124 new homes sold across metropolitan Phoenix, a 28 percent4 increase from February, according to RL Brown’s latest Phoenix Housing Market Letter.
Even better for the market is that many of the new homes to sell recently were built last year or the year before either speculatively or for buyers who pulled out of deals. Depleting the inventory of built but unsold homes will help the area’s home building market …

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Posted by CatherineReagor’s Blog

Phoenix apartment rents draw for college grads

Metro Phoenix named one of best places for recent college graduates to locate because of low apartment rents.
A new survey from Apartments.com and CBcampus.com puts Phoenix in the top U.S. cities for grads to move to. The survey puts Phoenix’s average rent for an apartment at $747 a month.

Phoenix’s rents are cheaper than Philadelphia, Baltimore and New York, which rank higher on the list. But the was also based on the number of entry-level job openings available and most popular resident populations for young adults.

…

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Posted by CatherineReagor’s Blog

Valley resales up, prices down just slightly

Existing home sales climbed in metropolitan Phoenix during April, while prices showed signs of stabilizing, according to data released this morning from the Realty Studies department at Arizona State University.
Last month, 6,640 existing homes changed hands, up from the 5,940 recorded in March. Home sales have nearly doubled from April 2008, primarily due to the the many foreclosure homes reselling across the Valley now.
The median price of a Valley resale did fall to $125,000 in April, from $127,000 in March. Median existing home prices have been steadily falling his year, but the $2,000 drop between April and March is the smallest decline so far. The Valley’s median resale price …

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Posted by CatherineReagor’s Blog

Mortgage modification scams on the rise in Arizona

A growing number of private firms are offering loan modifications to struggling Arizona homeowners, but too many are taking borrowers money and offering little help.

The first story in a series on regulatory change needed to crackdown on real estate and mortgage fraud will run on the front page of the Arizona Republic this Sunday. The first investigative piece in the series is on home loan modification scams.

Today, Arizona Governor Jan Brewer cautioned consumers against working with unlicensed third parties to modify their home loans.

“With the rising number of foreclosures and subsequent new programs available to help and advise homeowners, Arizonans …

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Posted by CatherineReagor’s Blog

2647 E TURQUOISE DRIVE, PHOENIX, AZ — 4bed/3bath — $189,900

Contact Leslie Guiley at 480.216.0950 — Estate sale! Long time family home in great neighborhood with mid century style. Work done in the past few years includes roof replacement, exterior paint and replacement of pump and lights at courtyard fountain and new front doors. All indoor cosmetics are in near original condition and await your creative vision! Property sold as is and limited disclosures available.

More info on the original post of thisPhoenix Real Estate Listing here.

Move to repeal controversial Arizona foreclosure law, again

New home sales climb in metro Phoenix

Phoenix apartment rents draw for college grads

Valley resales up, prices down just slightly

Mortgage modification scams on the rise in Arizona

W HAMMOND LANE, BUCKEYE, AZ — 0bed/0bath — $195,000

12513 E LUPINE AVENUE, SCOTTSDALE, AZ — 3bed/2bath — $475,000

2647 E TURQUOISE DRIVE, PHOENIX, AZ — 4bed/3bath — $189,900

1025 E STARDUST WAY, QUEEN CREEK, AZ — 3bed/2bath — $114,999

21715 W HESS AVENUE, BUCKEYE, AZ — 5bed/4bath — $109,900

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