Despite efforts by policymakers to diversify the state’s economy, Arizona still rides on the boom and bust of the housing industry. And when this sector is inactive, its silence – and all the troubles that entails – reverberate throughout the state.Read More »
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By Jan. 1, housing agencies will have found homes for the last 56 chronically homeless veterans in the Valley, making it the first metropolitan area in the country to accomplish this, advocates say.Read More »
A smiling Brewer exchanged a handshake with Obama on Tuesday after the president stepped off Air Force One en route to make a speech about housing and the economy at Desert Vista High School.Read More »
According to a report by Arizona State University’s W.P. Carey School of Business, 1,021 new single-family homes were sold in the Phoenix area during October, an 85 percent increase from the same month last year.Read More »
Arizona will get more than $1.6 billion to relieve underwater homeowners in settlements for two mortgage fraud lawsuits.Read More »
The good news is the prospects for Arizona’s economy remain strong.
The bad news is when compared to previous recoveries it will take quite a long time to get there.
By September 2010, the Arizona Department of Housing was sitting atop $268 million in federal money, which it was seeking to unload to help struggling homeowners here.
But since the program’s inception last year, it has helped only four homeowners and reduced their principles by a combined $62,000. On average, it lowered their monthly payments by $420.
A new report from Arizona State University shows that foreclosures spiked in the Phoenix area in January to more than 40 percent of all home sales.Read More »
With a bill that seeks to deny undocumented aliens from getting public housing assistance, Arizona Republican lawmakers are positioning to wade deeper into a battle with the federal government over immigration.Read More »
A new report shows home prices in the Phoenix area dropped by 8 percent in December from the same period a year ago.Read More »