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 »
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Reducing taxes is attractive for those who pay and the GOP plan is good for business, bad for homeowners. Conceptually, it is very simple however: property tax revenue results from assessed valuations multiplied by tax rates.
The problem is the government spends money and then expects taxpayers to pay, similar to a spendthrift college student with a parent’s credit card.
An updated listing of state contracts.Read More »
Home prices are weakening around the country, even in metro areas that were showing strength earlier in the year. The biggest drop came in Phoenix. Prices there fell 1.3 percent from a month earlier.Read More »
Republican David Schweikert is locked in a heated battle for Arizona’s 5th Congressional District with incumbent Democrat Harry Mitchell. Recent campaign commercials have accused Schweikert of mismanagement as Maricopa County treasurer and labeled him a “vulture” investor.Read More »
The financial crisis has not only battered home values and investment portfolios, it has exposed major investment frauds. Many of those schemes unraveled as the cash needed to keep the perpetrators afloat dried up and investors began demanding their money. Here’s one story about how attorneys in private practice and working at public agencies have successfully recovered investors’ losses.Read More »
The moratorium on foreclosures on homes belonging to families like the DeVolls could have a roller-coaster effect on the Arizona housing market, where in September alone 17,117 homes — one in every 159 residential properties — were either scheduled for foreclosure or went through one, placing the state as second in the nation in the foreclosure rate.Read More »
As calls for a moratorium on foreclosures and sales of foreclosed homes continue to grow, so do the calls for it to be as short as possible to avoid hindering a housing market still trying to recover.Read More »
A mushrooming crisis over potential flaws in foreclosure documents is threatening to throw the real estate industry into chaos, as Bank of America on Friday became the first bank to stop taking back tens of thousands of foreclosed homes in all 50 states.Read More »
From the state level all the way down to the municipal level, regulations dealing specifically with mold simply don’t exist.Read More »