Arizona Real Estate News Access
All the real estate and mortgage news you need to know in Arizona
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December 2007
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12/24/07
Washington in a sweat over mortgage ills
Filed under: General, Mortgages
Posted by: Lillian Wong @ 3:40 pm

WASHINGTON - After a slow and stumbling start, Washington is scrambling to try to prevent the unfolding mortgage crisis from pushing the country into recession during an election year. There is a strong feeling, though, that the government will need to do more to avert a financial disaster.  More…

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Troubled year for housing in Valley
Filed under: General, Real Estate
Posted by: Lillian Wong @ 3:38 pm

A year ago, Phoenix housing counselor Joann Hauger spent her days helping people buy their first home.  More…

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Valley cities vie for parts in Super Bowl
Filed under: General, Sports
Posted by: Lillian Wong @ 3:35 pm

It’s Arizona’s Super Bowl, but Valley cities are competing for their piece of the action, including where the national news networks will stage broadcasts leading up to the February showcase.  More…

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Somber home builders see prices falling until 2009
Filed under: General, Real Estate
Posted by: Lillian Wong @ 3:31 pm

WASHINGTON - A trade group for home builders said Thursday that home-price declines won’t stop until early 2009, as a lethargic economy and troubled mortgage market drop the bottom even lower.  More…

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Commercial market slows, brokers say it’s not yet time for concern
Filed under: General, Real Estate
Posted by: Lillian Wong @ 3:27 pm

Brokers and developers working in the residential real-estate industry have felt the pain of the subprime mortgage fiasco, and economists say it is only going to become more pronounced in 2008.  More…

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Developer selects 2 apartment sites
Filed under: General, Real Estate
Posted by: Lillian Wong @ 3:23 pm

The developer of two luxury condominium projects overlooking Tempe Town Lake will debut its first apartment units in Surprise and north PhoenixMore…

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Valley Ho alters plan, turns condo units into hotel suites
Filed under: General, Real Estate
Posted by: Lillian Wong @ 3:21 pm

A slowdown in condominium sales in downtown Scottsdale has altered the plans for Hotel Valley Ho and its residential units.  More…

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Developer pays big in eco-damage case
Filed under: General, Real Estate
Posted by: Lillian Wong @ 3:13 pm

A developer and his partners have agreed to pay the state a record $12.1 million to settle a lawsuit that accused them of polluting the state’s water, bulldozing protected land, fatally infecting bighorn sheep and destroying archaeological sites.  More…

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Real-Estate Investors Like
Filed under: General, Real Estate
Posted by: Lillian Wong @ 3:07 pm

The market for office towers, apartment buildings and shopping malls is in an awkward middle stage — the boom is clearly over, but no bust has happened.  More…

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Midwest Leads Nation in Home Loan Losses
Filed under: General, Real Estate
Posted by: Lillian Wong @ 3:03 pm

Michigan and Ohio share something with Florida and California - some of the nation’s highest rates of foreclosed homes and delinquent mortgages. But the reasons for their woes are as different as their climates.  More…

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Subprime-loan help unveiled
Filed under: General, Mortgages
Posted by: Lillian Wong @ 2:53 pm

The state has unveiled the first steps of a plan to help Arizona homeowners who are facing foreclosure due to subprime loans.  More…

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Goldfield Ranch project gets OK
Filed under: General, Real Estate
Posted by: Lillian Wong @ 2:49 pm

Plans to build 1,000 homes east of Fountain Hills got the initial thumbs up Wednesday from the Maricopa County Board of Supervisors.  More…

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European living in Tempe
Filed under: General, Real Estate
Posted by: Lillian Wong @ 2:47 pm

New condominiums at Sixth and Roosevelt streets in central Tempe take a nostalgic look backward, but the even-newer condos across the street take a daring look forward.  More…

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Construction declines persist as building-permit requests fall
Filed under: General, Real Estate
Posted by: Lillian Wong @ 2:43 pm

WASHINGTON - Housing construction fell in November with single-family activity dropping to the lowest level in more than 16 years. Analysts said the recession in housing showed no signs of a turnaround.  More…

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Consumer groups, mortgage lenders blast Fed’s new proposal
Filed under: General, Mortgages
Posted by: Lillian Wong @ 2:40 pm

If ultimately adopted, the new rules put forth by the Federal Reserve Tuesday to cut down on predatory lending would apply to new loans made by thousands of institutions, including banks and brokers.  More…

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Developer donates Dreamy Draw tract
Filed under: General, Real Estate
Posted by: Lillian Wong @ 2:37 pm

The mountain on Dreamy Draw Drive in Phoenix has been saved under an agreement unveiled Tuesday.   More…

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Builder hopes project will fill a void
Filed under: General, Real Estate
Posted by: Lillian Wong @ 2:34 pm

Another massive retail and residential development is in the works for the Southeast ValleyMore…

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Broader loan fixes gain clout
Filed under: General, Mortgages
Posted by: Lillian Wong @ 2:33 pm

WASHINGTON - Support is growing on several fronts for mortgage-industry reforms and homeowner-assistance programs with a broader impact than the administration’s plan to freeze interest rates on a small percentage of home loans.  More…

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Realty firm opens office inside Wal-Mart
Filed under: General, Real Estate
Posted by: Lillian Wong @ 2:30 pm

Not only can you buy furniture at Wal-Mart, but you can now shop there for a house to put it in, too.  More…

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