Arizona Real Estate News Access
All the real estate and mortgage news you need to know in Arizona
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March 2008
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03/22/08
Landmark annexation on the way
Filed under: General, Real Estate
Posted by: Lillian Wong @ 8:07 pm

CAVE CREEK - The town is in the final stages of a landmark annexation that would set aside more than 4,000 acres of untouched desert for preservation, and out of the hands of developers.  More…

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Valley urban-retirement communities on the rise
Filed under: General, Real Estate
Posted by: Lillian Wong @ 8:02 pm

The latest breed of retirement community departs from the master-planned, golf-course and recreation-center variety made popular across Arizona and California by the entrepreneur Del Webb.  More…

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Arizona gets foreclosure aid funding
Filed under: General, Real Estate, Mortgages
Posted by: Lillian Wong @ 7:59 pm

Arizona has received $1.45 million in federal funding to help the state’s growing number of homeowners facing foreclosure.  More…

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Fannie’s, Freddie’s freedoms signal shift in policy
Filed under: General, Mortgages
Posted by: Lillian Wong @ 7:58 pm

WASHINGTON - By making it easier for Fannie Mae and Freddie Mac to raise funds and back nearly $2 trillion in home loans this year, the government is making its role in steadying the economy decidedly more hands-on.  More…

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Could Fed moves stoke market panic?
Filed under: General, Business, Real Estate, Mortgages
Posted by: Lillian Wong @ 7:56 pm

WASHINGTON - There’s a risk in Federal Reserve Chairman Ben Bernanke’s bold moves of late.  More…

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DC Ranch community thrives
Filed under: General, Real Estate
Posted by: Lillian Wong @ 7:54 pm

Don and Barbara Ruff have hunkered down on several of Scottsdale’s so-called ranches since 1963 when they moved to town.  More…

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Bear Stearns investors hope to stop bank’s sale
Filed under: General, Business, Mortgages
Posted by: Lillian Wong @ 7:52 pm

NEW YORK - Bear Stearns shareholders are likely to try to stop JPMorgan from snapping up their company for just roughly $2 per share. But any opposition may be in vain.  More…

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Unlikely CEO presiding over Bear Stearns’ implosion
Filed under: General, Business, Mortgages
Posted by: Lillian Wong @ 7:50 pm

SEATTLE - Alan Schwartz wasn’t supposed to be running Bear Stearns Cos., and now he is presiding over the 85-year-old securities firm’s sale.  More…

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Treasury’s Paulson to cool ‘meltdown’ at Bear Stearns
Filed under: General, Business, Mortgages
Posted by: Lillian Wong @ 7:47 pm

WASHINGTON - Treasury Secretary Henry Paulson, the consummate Wall Street baron who amassed a fortune at investment giant Goldman Sachs, is applying his insider knowledge to help manage a credit-market meltdown.  More…

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Homeowners dream up new incentives to seduce buyers
Filed under: General, Real Estate
Posted by: Lillian Wong @ 7:46 pm

NEW YORK - Frustrated as her house languished on the market for three straight summers, J.J. Rodgers is trying a new sales tactic: giving the two-story home away in an essay contest.  More…

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Commercial bank accounts considered safe
Filed under: General, Real Estate
Posted by: Lillian Wong @ 7:44 pm

NEW YORK - The credit crisis has done more damage on Park Avenue than on Main Street, but the near-collapse of investment bank Bear Stearns raises the question of whether Wall Street’s troubles could spread to commercial banks and ordinary depositors.  More…

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Fed scrambles to soothe jitters
Filed under: General, Business, Real Estate, Mortgages
Posted by: Lillian Wong @ 7:42 pm

WASHINGTON - The Federal Reserve is primed to aggressively cut a key interest rate even lower today, racing to contain spreading financial fires that threaten an economic meltdown.  More…

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Huge land-swap proposals in doubt due to Renzi upheaval
Filed under: General, Real Estate
Posted by: Lillian Wong @ 7:40 pm

When federal grand jurors handed up a 35-count indictment of Rick Renzi last month, they accused the Arizona congressman of cheating to win an election and abusing his powers for profit.  More…

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Canadian pays record amount for Paradise Valley mansion
Filed under: General, Real Estate
Posted by: Lillian Wong @ 7:38 pm

A 10,000-square-foot mansion on 5 prime acres along the slope of Paradise Valley’s Mummy Mountain has been snapped up for a record $14 million by a Canadian attorney.  More…

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Developer loses building-permit fight
Filed under: General, Real Estate
Posted by: Lillian Wong @ 7:36 pm

A local developer who sued Carefree for denying him a permit was turned back in a federal appeals court.  More…

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Where’s the Bottom?
Filed under: General, Business, Real Estate
Posted by: Lillian Wong @ 7:34 pm

After a weekend of meltdowns, bailouts and rate cutting, investors returned to the stock market following the collapse of Bear Stearns in a remarkably forgiving frame of mind.   More…

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