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.Read More »
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.Read More »
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.Read More »
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.Read More »
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.Read More »
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.Read More »
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.Read More »
Arizona will get more than $1.6 billion to relieve underwater homeowners in settlements for two mortgage fraud lawsuits.Read More »
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.Read More »
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.