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Professor: Not requiring court approval of foreclosures has aided AZ’s recovery
Not requiring mortgage lenders to take foreclosure cases to court is helping Arizona recover from the housing crisis faster than states that do, according to an Arizona State University researcher.
Hispanic homebuyers: A wave to lift the housing industry?
At a time when the housing industry needs an infusion of hope, the demographic gods are poised to unleash what some Realtors, lenders and builders say will be the industry’s salvation: waves of young Hispanic workers and families hungry for houses of their own.
Arizona ruling won’t narrow post-foreclosure right
A new state court ruling says Arizonans with partial ownerships of time-share vacation homes are entitled to the same post-foreclosure rights as owners of year-round homes.
ASU economists: Arizona is slowly recovering
Arizona’s economy is picking up, albeit full recovery is still a few years away, economists from Arizona State University’s W.P. Carey School of Business said at a forum today.
Resale housing market good for cash buyers
Theresa Mattern, a Glendale-based Realtor, listed a four bedroom single-family home for a client on a Friday in February for $95,000. Within 72 hours, she had seven offers and it sold for $109,000 cash. “At the end of the weekend it sold for $14,000 over the asking price,” Mattern says.
After ‘worst year ever’ new home sales show slight improvement in January
Six years ago, it was common for buyers to wait in front of new home sales offices to see who would win the privilege of purchasing one of the several lots the builder had selected to release for sale that day.
Bill restricting HOA parking authority advances
The Senate on Thursday approved a proposal to prohibit homeowner associations from regulating public roadways that are owned by a government entity. But both Democratic and Republican legislators also opposed it, which showed that issues dealing with homeowners associations often transcend political boundaries.
Arizona to get more than $1.6B in mortgage deals
Arizona will get more than $1.6 billion to relieve underwater homeowners in settlements for two mortgage fraud lawsuits.
Democratic lawmakers offer bills addressing foreclosure crisis
Allowing owners of foreclosed homes to remain as renters for at least a year would stabilize neighborhoods and minimize the fallout for families, a state lawmaker contends.
Influential tax policy group seeks limit in growth of property values
An influential tax policy group will seek to put a measure on the ballot to limit growth in property values.
The Arizona Tax Research Association wants taxable property values to grow by no more than 5 percent each year.
Census confirms Arizona’s housing boom and bust among tops in nation
The Census Bureau on Thursday confirmed what many Arizonans already knew: Over the last decade, the state built too many houses and didn’t fill enough of them.
Housing danger: Slump a 2012 liability for Obama
Barack Obama's road to re-election is lined with lots of boarded-up homes.
Though the high unemployment rate dominates talk in Washington, for many 2012 voters the housing crisis may well be a more powerful manifestation of a sick economy.
