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Deal on land in downtown Surprise OK’d

Deal on land in downtown Surprise OK’d

Phoenix signed off on a historic deal Wednesday that cut the city’s ties to a square mile of land in the heart of Surprise it has held for more than 65 years. The agreement clears a key legal hurdle that has long delayed Surprise’s plans to build an urban downtown. Is also allows Phoenix to reap fair market value from a decade-old land swap. Meanwhile, nearby Luke Air Force Base, which is in Glendale, will be able … Read entire article »

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Hi-tech Tucson home is ‘old school’ in its bones

Hi-tech Tucson home is ‘old school’ in its bones

John Wesley Miller uses the words “latest and greatest” to describe the features and fixtures in the “net-zero” energy home he is unveiling today at his Armory Park del Sol subdivision, but the bones of the building are old-school block and cement. The reason is simple. The laws of thermodynamics haven’t changed since Miller began harnessing the sun to heat his buildings … Read entire article »

Buying Vs. Renting from Mike Rohde

Buying Vs. Renting from Mike Rohde

Hi Paula, This is best opened on your laptop or desktop computer or there is an app for an ipad. The cost of waiting is an often overlooked aspect of the buying process for someone who’s currently renting or possibly contemplating doing a move up buy. So I’ve created a basic cost of waiting spreadsheet based on a generic $175,000 purchase price … Read entire article »

Important FHA change for Pima Count 1-1-2014

Important FHA change for Pima Count 1-1-2014

Quick update today for changes coming up from FHA for all loan applications taken after January 1st, 2014. Pima County, as well as a lot of the country, will be required to reduce the maximum base loan amount for all FHA home loans. Currently the ceiling is set at $316,250 as a base loan amount before adding the FHA mortgage insurance but … Read entire article »

The Federal Housing Administration has announced plans to reduce its stake in the market, an indication it sees some signs of strength in real estate.

The Federal Housing Administration has announced plans to reduce its stake in the market, an indication it sees some signs of strength in real estate.

NEW YORK (CNNMoney) The Federal Housing Administration has announced plans to reduce its stake in the market, an indication it sees some signs of strength in real estate. The agency, which insures low down-payment mortgages, is reducing the upper limits of what it will backstop in areas where home prices are high. Starting in the new year, the biggest cap in these areas will … Read entire article »

Expected Price Growth Strongest in West and South Markets

Expected Price Growth Strongest in West and South Markets

REALTORS®  generally expect  a modest  increase in prices in the next 12 months , with the median expected price change at about 4 percent. This is based on responses gathered from the August-October 2013 REALTORS® Confidence Index Survey. About 3,000 REALTORS ® respondents answer the survey each month. See  the October report at http://www.realtor.org/reports/realtors-confidence-index. The graph below shows the median expected price change across the states … Read entire article »

3 Real Estate Scams And How To Avoid Them

At the AARP conference in May, an attendee came over to Barbara Floyd Jones’ booth and shared a unfortunate tale of financial woe. A fake company masquerading as a government-affiliated housing agency had swindled the unsuspecting homeowner out of $10,000 amid promises to modify the mortgage. After coughing up cash for phony “processing fees”, the victim was left five figures poorer with no mortgage relief in sight. It wasn’t the first time Floyd Jones had heard such a tale nor will it be her last. “Consumers are now more aware of scams, but because scams have gotten more sophisticated, consumers are not sure they know how to avoid them,” says Barbara Floyd Jones, program manager for … Read entire article »

Homeowners Take Foreclosure Fight to the DOJ

Homeowners Take Foreclosure Fight to the DOJ

Gisele Mata of Whittier, California, never considered herself a political activist. Other than making some calls on behalf of President Obama during the 2012 campaign, her focus was on her work, family, church and volunteering as a Girl Scout troop leader. But on Monday, May 20, 2013, at Freedom Plaza in Washington, D.C., she was ready to march to the Department … Read entire article »