ARCHIVED BLOG POSTS
2010
Based on today's home prices, current interest rates, and Maricopa county's resident's median income, Phoenix area residents have much higher buying power than they are currently utilizing. According to the Maricopa County Housing Affordability Study, Phoenix residents on average have had a buyi...
10/27/2010
The foreclosure moratorium has been lifted by Bank of America in 23 states. The bank plans to resume foreclosure proceedings on more than 100,000 homes in these states that had been stalled. This news comes 12 days after Bank of America announced the moratorium due to the need to review their i...
10/21/2010
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Many people have determined that strategically defaulting on their mortgages is the best move they can make in this market. These homeowners can still afford to make their payments however have decided it is in their best economic self-interest to remove the liability since the value of their ho...
10/14/2010
Trulia recently published their Buy vs. Rent Index which shows that Mesa is the #6 best city to buy in instead of renting and Phoenix is #8. The data is calculated using the average list price compared with the average rent on a 2 bedroom apartment, condo, or town home listing. Because prices a...
10/11/2010
Interesting news was released this week from some of the heavy hitters in the lending industry. Bank of America, Chase, and GMAC are stopping the home foreclosure process in 23 states. After an internal review of their foreclosure processes, these banks found that many foreclosures were complet...
10/07/2010
Rainer
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Alyssa Samuelson
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