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The US Commerce Department reported that new home Sales fell by a massive 32.7% in May, to a seasonally adjusted rate of 300,000. Sales were expected to be off sharply as a government program to support the market expired, but the results were far worse than even the most pessimistic projections.
Year-over-year, sales fell by 18.3%, and new –home sales in April were revised lower.
No part of the country was spared; new-home sales fell by 23.9% in the Midwest, sank 53.2% in the West, dropped 25.4% in the South, and fell 33.3% in the Northeast.
Big cities in once-hot housing markets, such as Phoenix and Las Vegas, have seen population growth slow. Phoenix grew 1.5% from July 2008 to July 2009, the slowest pace of the decade. The city gained …
4th of July / Independence Day 2010 – Free Admission
ValleyWide 4th of July celebrations will be held in the cities below.
Ahwatukee
Ahwatukee Red, White and Boom
July 3
Fireworks? Yes
Water Activities? No
Live Bands? Yes
Ahwatukee Bike Parade
July …
There is no doubt that it is entirely possible for you to work on your own with the bank to come to a mutually amicable solution to your foreclosure problem, but you must also keep …
Let’s say that your mortgage is for $300,000, but thanks to the housing slump, your property is only worth about $280,000 in today’s market. You’re now what is referred to as being “upside down” …
How long should I move after my house was sold at a foreclosure sale?
After the foreclosure sale there is a 10 day upset bid period before the sale becomes final. After that time …
After the Foreclosure Hearing in which the Clerk of Superior Court approves the sale of the property being foreclosed, the Trustee will hold a Foreclosure Sale at the county courthouse in which the property is …
The North Carolina legislature has enacted new legislation to help homeowners with subprime loans avoid foreclosure. If a homeowner with a subprime loan defaults on his loan, the lender is now required to send …
If you were to invest in real estate, especially preforeclosures, then there is no doubt that you have encountered ashort sale agreement. A short sale is when the lender agrees to accept less than what …
On the 25th of March 2010, the Obama administration extended the Affordable Housing (MHA) program to include aid for homeowners who are both unemployed and under water on their mortgages. More incentives will be offered …
Avondale, Arizona is trying to entice buyers by subsidizing YOUR down payments, closing costs and renovation expenses. This program is available to roughly 40 different individuals that meet the income and family size requirements. …
With today’s onset of globalization, there have been quick lifestyle pattern changes. In our hectic and busy schedules, we oftentimes overlook the huge need to make proper investments in order to save some money. However, …
In Arizonas real estate market, you don’t have to look very far to find a short sale. In my area of Buckeye, Arizona it is not uncommon for one to find a development with 50% …
I am looking into different mortgage.
Get very confused by so many different kinds of them.
What are the differences?
If we are planning to get a 300K mortgage, and planning to stay in the house for at …
You recently noticed that you are behind in your mortgage payments and you know that you will never be able to catch up before the bank begins the foreclosure process as you have feared. There …
Lee Trevino, well known for his quips and sayings, once said of desert golf, “It’s like a voyage into the unknown”. The first desert course, Desert Highlands, was designed and built by Jack Nicklaus and …
