Arcadia real estate , Phoenix real estate , Paradise Valley, AZ real estate listings and homes for sale, home buying, home selling information

Another free workshop for struggling Arizona homeowners begins today

3/11/2010 2:14 PM

The HOPE NOW Alliance, working with the federal government's Making Home Affordable Program, are in Phoenix again hosting a free "Homeownership Preservation" event. It starts today and runs through tomorrow Friday March 12th.
A similar event was held at South Mountain High School last summer.Homeowners facing foreclosure can receive...Read More

Arizona share of new federal foreclosure aid - $125 million

3/5/2010 4:14 PM

Of the $1.5 billion allotted by the federal government to help states hardest hit by housing bubbles that burst, Arizona will receive $125 million.
Arizona is one of five states to receive the money, all states where home prices have dropped more than 20 percent. The money was divided among the states based on drops in home values, unemploym...Read More

Arizona's share of new federal foreclosure funds

3/4/2010 2:06 PM

The Arizona Housing Department is waiting to hear how much of the $1.5 billion in additional foreclosure aid, announced by President Barack Obama in Las Vegas a few weeks ago, the state will receive.
The U.S. Treasury Department is supposed to announce this Friday (tomorrow) what share of the money each of the five states, including Ariz...Read More

Pre-foreclosures on the rise again in Phoenix

3/3/2010 11:29 AM

Pre-foreclosures in the metropolitan Phoenix climbed in February, dashing hopes that the housing market is starting to recover from the crash.
In January, pre-foreclosures, known as notice of trustee sales, fell to their lowest level since late 2008. The significant drop had some housing market watchers hopeful more lenders were working with ...Read More

Federal refinancing aid extended

3/2/2010 1:23 PM

The federal government has added a year to the Home Affordable Refinance Program, known as HARP.
Part of the $75 billion housing aid package, HARP allows homeowners who are underwater, meaning they owe more than their house is worth due to falling home values, to refinance to a lower interest rate.
Now, homeowners who owe up...Read More

Arizona foreclosure help legislation

2/26/2010 12:37 PM

Arizona Democrats have introduced a package of legislation to help tackle the state's foreclosure crisis, and protect homeowners.
HB 2715 would give homeowners facing foreclosure another 60 days to work out a loan modification.
HB 27404 calls for allowing renters in foreclosure homes to stay in the house and continue to pay affordable r...Read More

Phoenix home building slows as tax credit expiration looms

2/24/2010 10:31 AM

The federal tax credit for homebuyers boosted new home sales in metropolitan Phoenix last year. But now the expiration of the credit looms, and new home sales and building have slowed down again.
In January, new home closings in the Phoenix area fell to 479, the lowest level in decades, reports the Phoenix Housing Market Letter. Last November...Read More

Phoenix-area home prices up in latest Case-Shiller index

2/23/2010 12:58 PM

Metro Phoenix home values inched up in the latest S&P/Case-Shiller 20-city home-price index. Between November and December of 2009, home prices ticked up 1.2 percent in the Valley, on a seasonally adjusted basis.
Overall, the 20-city index climbed 0.3 percent for the period. Phoenix was one of only five cities to post an increase in home ...Read More

Arizona to share $1.5 billion in new federal foreclosure aid

2/22/2010 4:00 PM

Arizona is one of five states that will split $1.5 billion from a new federal program aimed at helping regions hardest hit by home foreclosures.
President Barack Obama announced the new funds Friday in Las Vegas as part of a government push to reduce the number of homes falling into foreclosure by assisting unemployed homeowners and other str...Read More

Who has received a loan modification?

2/18/2010 2:32 PM

The federal foreclosure prevention program has aided about 12 percent of the U.S. homeowners who have applied, according to the latest statistics.
At least one million borrowers have applied. Another 76,000 homeowners have been approved and should have loan modification soon, according to the U.S. Treasury Department.
Another 830,5...Read More