Builders Buying Land Again in AZ...

Check this out!  It appears builders are buying land again in Arizona showing signs that the market may be making a turn for the better.  Check out the article for the Arizona Republic...

Phoenix ranks 2nd for college grads...

It’s the season when college graduates leave campus in search of employment, but some cities are better than others to start a career. This week, Apartments.com and CareerRookie.com identified the top 10 cities for recent college graduates, based on the places with the highest concentration of young adults between the ages of 20 and 24, the highest inventory of jobs that require...

Stock Market Crash vs. Real Estate Marke...

I don’t know about you but the fact that a “computer glitch” can make the stop market crash in one day reassures me that the real estate market is still the best place to put my money.  Even with the drop in prices the real estate market has seen in the last three years, at least I can still rent or live in my real estate as a worst case scenario and if I’m...

President Obama Officially Launches HAFA...

The Obama Administration and the U.S. Treasury Department officially activated the HAFA (Home Affordable Foreclosure Alternatives) program from the 5th of April’ 2010, which gives struggling homeowners incentives to take advantage of two alternative options to foreclosure. Through the program, homeowners are encouraged to do a short sale – in which the borrower and the mortgage...

Bill prohibiting Third-Party transfer fe...

In 2008 Voters passed a constitutional amendment by a margin of 77% to 22% to prohibit the state, county or city from charging a transfer fee on the sale of a home. Unfortunately, the ballot measure did not include a prohibition on private transfer fees. Now a new property transfer fee scheme has arisen in which a third-party company enters into an agreement with a developer to record a...

Arizona Short Sale Information...

WHAT IS A SHORT SALE? A short sale is a transaction in which we sell your home for less than the amount owed due to steeply declining property values. A short sale allows struggling homeowners to get out from under homes that they are no longer able to afford and that are no longer worth what is owed on them. Nearly 40% of the homes sold in the Phoenix area in October 2009 were sold by...