Arizona Real Estate Notebook
-
McCormick Ranch area, Scottsdale - 4 bedroom for only $325,000
Click Here for Home Tour Great Neighborhood! This large, well cared for 4 bedroom home is in the McCormick Ranch area of Scottsdale, Arizona. The McCormick Ranch area is known for being green. You’ll enjoy the grassy parks with mature trees and you’ll love the walking/bike paths throughout. This home, in fact, is just a short walk [...]
Arizona to lose population in 2009!?
That’s hard to believe but apparently what one ASU economist believes.
Comparing state unemployment and foreclosure rates
Arizona isn’t as bad as the other real estate boom and bust states - California, Florida and Nevada. I bet Arizona will be the first of the four to bounce back economically. For example, after the savings and loan bust in the early 1990’s, Arizona’s economy turned around a year or two before California’s. Click [...]
Video: U.S. unemployment rate by county
Visual of the United States unemployment rate by county January 2007 to September 2009.
What a trillion dollars looks like
(via Arizona Mortgage Guru)
A mortgage insurance company loosened their standards!
That’s something we haven’t seen in a long time. A non-governmental mortgage related company just made it easier for some people to get a loan! (Not in Arizona, unfortunately, but it’s a good new trend anyway.) Governmental and non-governmental lenders have been continuouly making mortgage loans harder and harder to get by increasing the minimum [...]
Mesa mortgage broker convicted of fraud
Good!
Phoenix Area Home Market at a Glance - October MLS median sold price down $1,500
(”MLS Listings” are measured at one point in time, usually the 15th day of the current month. “Median Price” of homes sold and the total number of home “MLS Sales” are for the entire preceding month.) Price (green line) After increasing amazingly strongly from $118,000 in April to $135,500 in September, the median price in [...]
No Arizona anti-deficiency law for short sales
“When a borrower short sells a property, there is no automatic protection from a lawsuit by the lender for the balance of the note.” Gosh, I hope Arizona short sellers know that the bank might stick it to them. “The borrower must be sure to negotiate for a release from the lender. I am aware of [...]
?Mortgage rates are gonna rise?
Meridith Whitney, famous banking analyst says, “Mortgage rates are gonna rise” when the Fed eventually begins to cut back or stops buying mortgage backed securities because no one else is buying mortgage backed securities.
