Arizona Real Estate News Access
All the real estate and mortgage news you need to know in Arizona
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06/15/08
States muscle in on ‘mortgage rescue’ operations’ promises
Filed under: General, Mortgages
Posted by: Lillian Wong @ 1:24 pm

For people about to lose their homes to foreclosure, the advertisements seem like a lifeline: “We buy houses for cash” or “Refinance your mortgage and receive a seven-day vacation.”   more…

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Mortgages Ltd. financial standing examined
Filed under: General, Business, Mortgages
Posted by: Lillian Wong @ 1:22 pm

The future of Mortgages Ltd. following the death of owner Scott M. Coles is clouded by questions about its economic health and pending litigation.   more…

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6 real estate bargains
Filed under: General, Real Estate
Posted by: Lillian Wong @ 1:17 pm

The housing downturn’s upside? You don’t have to go overseas anymore for your dream retirement home. We found the six best markets for deals.  more…

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Fed Talking Tough, But Analysts Doubt A Quick Rate Hike
Filed under: General, Mortgages
Posted by: Lillian Wong @ 1:10 pm

Rising consumer prices, better-than-expected economic data and inflation warnings by Federal Reserve Chairman Ben Bernanke have raised expectations that the central bank will hike interest rates this year.  more…

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Population counts were far off mark
Filed under: General, Real Estate
Posted by: Lillian Wong @ 1:06 pm

Accurately tracking and projecting Arizona’s growing population are crucial to financial and development plans across the state.  more…


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Army builds new facility in Buckeye
Filed under: General, Real Estate
Posted by: Lillian Wong @ 1:03 pm

The Arizona Army National Guard and the Army Reserve are building two multimillion-dollar, shared training centers in the state and closing a base as part of a national program to trim military infrastructure and save money.  more…

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Plans for Ftn. Hills development could face November referendum
Filed under: General, Real Estate
Posted by: Lillian Wong @ 1:01 pm

A Fountain Hills citizens group fighting a planned community in the northern part of town says they have enough signatures to place a referendum on the Nov. 4 ballot.  more…

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State regulators crack down on illegal subdivisions
Filed under: General, Real Estate
Posted by: Lillian Wong @ 12:57 pm

Arizona Real Estate Commissioner Sam Wercinski has an agenda.  more…

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Plan to clarify mortgage papers sparks ire
Filed under: General, Mortgages
Posted by: Lillian Wong @ 12:44 pm

WASHINGTON - A single sheet of paper has the real-estate industry in an uproar.  more…


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Westcor betting $1 billion on long-term plan for Valley
Filed under: General, Real Estate
Posted by: Lillian Wong @ 12:41 pm

Westcor, the Valley’s largest mall company, turns 40 next year. Like many midlifers, the company believes it is experienced enough to capitalize on opportunities and challenges by developing a long-term strategy and sticking to it.  more…

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Heat, economy bring hard times for merchants
Filed under: General, Business, Real Estate
Posted by: Lillian Wong @ 12:37 pm

Downtown Scottsdale retailers expect shoppers to be scarce each summer, but that seasonal slump is compounded this year by an ailing economy, increased competition and a decline in sales during the busy tourist season.  more…

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Builders’ debt ratings lowered on dim prospects for rebound
Filed under: General, Real Estate
Posted by: Lillian Wong @ 12:34 pm

LOS ANGELES - Credit-rating agencies are betting that the housing downturn will deepen well into next year, dragging out home builders’ woes.  more…


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Developer plans retail center in Surprise
Filed under: General, Real Estate
Posted by: Lillian Wong @ 12:32 pm

A Phoenix developer plans to build a retail and office center on 7 acres of vacant land near Bell Road and Coyote Lakes Boulevard in Surprise.  more…

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Bernanke says rate cuts over
Filed under: General, Mortgages
Posted by: Lillian Wong @ 12:30 pm

Ramping up his tough anti-inflation talk, Federal Reserve Chairman Ben Bernanke is raising expectations on Wall Street and elsewhere that the central bank could boost interest rates sooner than anticipated if high oil and food costs threaten to spur a broader bout of spiraling prices.  more…

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Mortgages Ltd. shores up firm’s operations
Filed under: General, Business, Mortgages
Posted by: Lillian Wong @ 12:28 pm

Mortgages Ltd. is no longer making new loans on projects, has halted returning investors’ money and is reviewing each of its approximately 70 loans with developers in an effort to shore up the company, executives said Tuesday.  more…

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April home sales up; experts wary
Filed under: General, Real Estate
Posted by: Lillian Wong @ 12:26 pm

NEW YORK - Pending home sales unexpectedly rose in April to the highest reading since October, an industry group said Monday, but experts say the large proportion of distressed-property sales will continue to weigh down prices.  more…

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Mortgages Ltd. to lay out its next steps
Filed under: General, Business, Mortgages
Posted by: Lillian Wong @ 12:18 pm

Mortgages Ltd. investors may get a clearer picture this morning about the real-estate lender’s future during a conference call with top managers.   more…

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Arizona economy is feeling the pain
Filed under: General, Business
Posted by: Lillian Wong @ 12:14 pm

When you see Arizona’s economy laid out in graphs, you can pick up pretty clearly where it’s hurting.  more…

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Real-estate funds can be house of returns
Filed under: General, Real Estate
Posted by: Lillian Wong @ 12:10 pm

Real-estate mutual funds are faring surprisingly well in the worst real-estate market in decades. One reason: Real-estate funds invest in commercial properties, which march to a different drummer than the residential market. Will the commercial real-estate rally continue? Probably, but it wouldn’t hurt to move in slowly.  more…

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Real-estate school enrollment falls, agents abandon practice
Filed under: General, Real Estate
Posted by: Lillian Wong @ 12:07 pm

Connie Ross wonders a little when people tell her they want to enroll in real-estate school.  more…

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