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Foreclosure sales and deals on the city's more-affordable homes are helping to keep the Scottsdale housing market going, according to the latest sales figures. Foreclosure sales in Scottsdale in August more than doubled from a year ago, while home
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The legislation - likely to be enacted soon - devotes $300 billion to helping troubled homeowners avoid foreclosure. The House on Wednesday passed a $300 billion housing rescue bill aimed at helping troubled homeowners avoid foreclosure and supporting
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Bright spots are popping up amid the Valley's gloomy housing market with some builders reporting increased sales. National builder Shea Homes said that sales so far this year in its active adult communities were up 10 percent from the same time a
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Investing in real estate used to be considered a "no brainer," a can't-miss investment. But these days, this sure thing isn't so sure. Home prices keep falling. Standard & Poor tracking shows prices down 7.7 percent nationally in
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Little change is expected in existing-home sales over the next few months, before improving notably during the second half of the year, according to the latest forecast by the NATIONAL ASSOCIATION OF REALTORS ® . Lawrence Yun, NAR chief economist,
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Phoenix takes third place for 2007 population gains The Business Journal of Phoenix The Phoenix area saw the third-highest population increase in the nation last year. According to the U.S. Census Bureau, more than 132,000 people were added to the Phoenix-Mesa-Scottsdale
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FHA limit change may help some Valley homebuyers Some Valley homebuyers may get the boost they need to qualify for a mortgage, following a government decision Wednesday to hike the limits for loans insured by the Federal Housing Administration. The new
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Six Signs It's Time For Home Buyers To Buy If you're waiting for signs of a housing bottom, join the club. Nobody blows a whistle and say, "It's time to buy!" That's why market timing is an art, not a science, but you can improve
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Home prices in the state of denial Despite numerous reports showing home values in historic decline, more than three out of four homeowners believe their own home has not lost value in the past year, according to an online survey. The survey was conducted
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I was reading a MLS web news letter and found this article that I do agree with. It is written by real estate agent Paul Pastore. I thought I would share it with you: 1. Selection, selection, selection. Regardless of the price range a buyer desires, there
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Mortgage rates drop below six percent Second time in more than two years; 30-year fixed amount is 5.87 percent WASHINGTON - Rising worries about a weak economy pushed rates on 30-year mortgages below the 6 percent mark for only the second time in more
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Arizona foreclosures fall for 3rd month in a row The number of foreclosure filings reported in Arizona fell for the third month in a row in November — even as the mortgage crunch continued to squeeze borrowers. A total of 5,767 filings — including
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Existing Home Sales To Trend Upward in 2008, Says NAR The National Association of Realtors (NAR) has suffered some ridicule for its perpetually sunny housing forecasts, even while some markets have been drenched in bad news. But the outlook for 2008 is
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Window-Shopping Foreclosures The foreclosure market continues to boom as no relief appears in sight for stretched subprime mortgage holders. As the economy shows more signs of a slowdown, this trend is likely to continue. Although the real estate industry
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Local businesses upbeat about 2008 Despite rising energy prices and ongoing global uncertainty, local businesses are cautiously optimistic about the national economy in 2008. That’s according to a new Valleywide business economic forecast by the
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