4 Articles match "Arizona","Blog","Sales"

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Realtors '07 Forecast Looks Promising for Future Foreclosure Activity
At Wednesday’s Opening Session of California Realtor EXPO 2006, Leslie Appleton-Young, Chief Economist for the California Association of Realtors, presented her housing forecast for next year , calling for the state’s median home price to drop for the first time in 10 years and the pace of home sales to continue to decrease. The CAR forecast also calls for a 2 percent drop in the state’s median home price next year from a projected median price of $561,000 for 2006, down to a projected median of $550,000 in 2007 — a stark contrast to a year ago when most forecasters were predicting
www.foreclosurepulse.com - Tuesday, December 16, 2008
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Bush Foreclosure Solution Just Adds Water
This can directly affect the homeowners’ ability, or desire for that matter, to proceed with such things as short sales and other types of workout situations that may offer them foreclosure relief, for instance. “…the Administration strongly believes this relief should be temporary to assist homeowners during the current mortgage market transition period and to avoid distorting consumer and lender decisions on new mortgage loans,” the statement said. Probably not in the near term at least, since most major lenders are still holding out from agreeing to workout deals and short sales.
www.foreclosurepulse.com - Tuesday, December 16, 2008
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Now Homebuilders Face Foreclosure
in Arizona, Kara Homes Inc. Sales of new homes have suffered the biggest decline since records began in 1963. New-home sales plunged 26.4 and Meritage Homes in Arizona. To move the glut of unsold inventory quickly, some builders are staging flashy promotions, For millions of Americans facing foreclosure, the Federal Reserve’s interest rate cut this week was welcome news that could possibly help save thousands of homeowners from default by giving them the opportunity to refinance their adjustable-rate loan into a fixed-rate mortgage with a lower interest rate. But for
www.foreclosurepulse.com - Tuesday, December 16, 2008
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  • Now Homebuilders Face Foreclosure
    in Arizona, Kara Homes Inc. Sales of new homes have suffered the biggest decline since records began in 1963. New-home sales plunged 26.4 and Meritage Homes in Arizona. To move the glut of unsold inventory quickly, some builders are staging flashy promotions, For millions of Americans facing foreclosure, the Federal Reserve’s interest rate cut this week was welcome news that could possibly help save thousands of homeowners from default by giving them the opportunity to refinance their adjustable-rate loan into a fixed-rate mortgage with a lower interest rate. But for
    www.foreclosurepulse.com - Tuesday, December 16, 2008
    READ MORE
  • Realtors '07 Forecast Looks Promising for Future Foreclosure Activity
    At Wednesday’s Opening Session of California Realtor EXPO 2006, Leslie Appleton-Young, Chief Economist for the California Association of Realtors, presented her housing forecast for next year , calling for the state’s median home price to drop for the first time in 10 years and the pace of home sales to continue to decrease. The CAR forecast also calls for a 2 percent drop in the state’s median home price next year from a projected median price of $561,000 for 2006, down to a projected median of $550,000 in 2007 — a stark contrast to a year ago when most forecasters were predicting
    www.foreclosurepulse.com - Tuesday, December 16, 2008
    READ MORE
  • A (Relatively) Few Bad Apples Spoil the Barrel
    Still, nearly a quarter million properties in one month can have a significant impact on a housing market that is registering about 5 million existing home sales for the entire year . "Although quot;Although only about 2 percent of households nationwide will be in some stage of foreclosure this year, these properties contribute to already bloated inventories of homes for sale, and put downward pressure on home values," said James J. According to the RealtyTrac U.S. Foreclosure Market Report issued today, the total number of properties with foreclosure activity in April
    www.foreclosurepulse.com - Tuesday, December 16, 2008
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  • Bush Foreclosure Solution Just Adds Water
    This can directly affect the homeowners’ ability, or desire for that matter, to proceed with such things as short sales and other types of workout situations that may offer them foreclosure relief, for instance. “…the Administration strongly believes this relief should be temporary to assist homeowners during the current mortgage market transition period and to avoid distorting consumer and lender decisions on new mortgage loans,” the statement said. Probably not in the near term at least, since most major lenders are still holding out from agreeing to workout deals and short sales.
    www.foreclosurepulse.com - Tuesday, December 16, 2008
    READ MORE