National economists and experts are predicting strong home sales in the summer and second half of 2008. The Casa Grande area is already experiencing a strong increase in home sales. The market is heating up due to a combination of factors including lower interest rates, lower home prices, pent up demand and revamped financing programs.
The nation’s housing crisis resulted in a long..(read more)
The resale home market in Pinal County is turning around.
The area southeast of Phoenix recorded 1,680 sales in the first quarter of this year, according to Arizona State University Realty Studies. That's up from 1,145 sales in the fourth quarter of 2007 and only 625 in the third quarter.
Measured month-to-month, the numbers are equally positive. The area had 465 recorded sales in January, 600..(read more)
Judge Lawrence K. Karlton of the United States District Court for the Eastern District of California upheld Nehemiah’s motion for summary judgment and invalidated the U.S. Department of Housing and Urban Development (HUD) rule to ban private downpayment assistance as proposed in the “Standards for Mortgagor’s Investment in Mortgaged Property” regulation published October 1,..(read more)
Little change is expected in existing-home sales over the next few months, before improving notably during the second half of the year, according to the latest forecast by the NATIONAL ASSOCIATION OF REALTORS®.
Lawrence Yun, NAR chief economist, says the market will come into clearer focus this summer.
“Existing home sales could start to show a sustained increase..(read more)
No one can predict the peaks and valleys of market cycles precisely. I read volumes of articles and news releases written by experts about financing, supply and demand, job growth, local and national statistics and demographic trends. Following is my interpretation of the meat below the headlines from many sources and how it all applies to our local Casa Grande market:
Peter Lynch, the famous..(read more)
RISMEDIA, April 8, 2008-This spring, as it becomes a popular time for homeowners to begin preparing their homes for sale, Showhomes encourages them to do some essential steps to make sure the most important first step takes place: buyers make the decision to view the home.
“Many people think all they have to do is make sure the inside of their home is clean, but it really goes far beyond that..(read more)
RISMEDIA, March 25, 2008-Sales of existing homes increased in February and remain within a fairly stable range, according to the National Association of Realtors®.
Existing-home sales - including single-family, townhomes, condominiums and co-ops - rose 2.9 percent to a seasonally adjusted annual rate of 5.03 million units in February from a pace of 4.89 million in January, but remain 23.8 percent..(read more)
Looking to purchase a house? Make sure you’re not buying its problems, too
By Barbara Corcoran
TODAYShow.com contributor
updated 8:57 a.m. MT, Fri., March. 21, 2008
function UpdateTimeStamp(pdt) {
var n = document.getElementById("udtD");
if(pdt != '' && n && window.DateTime) {
var dt = new DateTime();
pdt = dt.T2D(pdt);
if(dt.GetTZ(pdt)) {n.innerHTML..(read more)
Will mortgage interest rates drop lower? I want to wait to buy or refinance because I know rates will drop again.
The Federal Reserve has lowered rates five times since September. Many people expected the 2.25% reduction in the Discount Rate and Fed Funds Rate to result in lower mortgage rates. In reality, mortgage rates and the interest rates reduced by the Fed are different animals. Mortgage..(read more)
Supporters say the proposal will help rescue more home owners faster than Hope Now, a rescue coalition that some critics say hasn't done enough.
By Les Christie, CNNMoney.com staff writer
Last Updated: March 13, 2008: 10:33 AM EDT
WASHINGTON, D.C. (CNNMoney.com) -- A bold new proposal to combat foreclosures was unveiled in Washington on Thursday.
The plan, dubbed "Help Now," was floated..(read more)
