Arizona Real Estate News Access
All the real estate and mortgage news you need to know in Arizona
Categories:

Archives:
Meta:
August 2008
S M T W T F S
« Jul   Sep »
 12
3456789
10111213141516
17181920212223
24252627282930
31  
08/31/08
The next credit crunch
Filed under: General, Business
Posted by: Lillian Wong @ 6:31 pm

 (Fortune Magazine) — We made it through the bursting of the Internet bubble and now the bursting of the real estate bubble. Next we may be approaching the end of the most worrisome bubble of all: the standard-of-living bubble.  more…

comments (0)
Washington’s ultimate solution
Filed under: General, Real Estate, Mortgages
Posted by: Lillian Wong @ 6:28 pm

(Fortune Magazine) — These are the dog days of summer, the height of our national vacation season. But instead of hitting the beach, people in Washington and on Wall Street are spending their days all atwitter with ideas of what new regulations and rules and controls we need to deal with our financial market meltdowns, the worst since the Great Depression almost 80 years ago.  more…

comments (0)
A lender’s empire is built, then crumbles
Filed under: General, Real Estate, Mortgages
Posted by: Lillian Wong @ 6:18 pm

Mortgages Ltd. has gone in less than two years from being Arizona’s largest private commercial real-estate lender to a company plunged into bankruptcy following the suicide of its CEO, Scott Coles.   more…

comments (0)
Foreclosed homes are drophouse favorites
Filed under: General, Real Estate
Posted by: Lillian Wong @ 6:16 pm

That empty foreclosed home down the street today could be tomorrow’s drophouse.  more…

comments (0)
Builders regroup as market searches for a bottom
Filed under: General, Real Estate
Posted by: Lillian Wong @ 6:14 pm

Metropolitan Phoenix was the home-builder capital of the country a few years ago, with more big national home builders working in this market than any other metro area. But the industry has shrunk with the housing market’s downturn.   more…

comments (0)
Avondale program to aid home buyers
Filed under: General, Real Estate, Mortgages
Posted by: Lillian Wong @ 6:12 pm

People are losing homes all over the Valley, and Avondale is no different in its share of foreclosures and rising vacancies.  more…

comments (0)
Vacant retail spots difficult to lease
Filed under: General, Real Estate
Posted by: Lillian Wong @ 6:10 pm

Within a mile-long stretch of Thunderbird Road in northeast Phoenix sit three shopping centers with major vacancies.   more…

comments (0)
Builder says it will continue work during bankruptcy case
Filed under: General, Real Estate
Posted by: Lillian Wong @ 6:08 pm

Woodside Homes will continue building houses and paying employees as it works through a bankruptcy reorganization initiated by the company’s creditors, a spokeswoman for the builder said Friday.  more…

comments (0)
Bankrupt home builder embarks on new venture
Filed under: General, Real Estate
Posted by: Lillian Wong @ 6:06 pm

A Scottsdale home builder who filed for bankruptcy this summer has launched a new venture aimed at acquiring up to $1.2 billion of self-storage properties.  more…

comments (0)
Builder agrees to Chapter 11 bankruptcy
Filed under: General, Real Estate
Posted by: Lillian Wong @ 6:04 pm

Creditors have forced one of the country’s largest privately held home builders into bankruptcy proceedings, contending Woodside Homes Corp. and nearly 200 affiliated entities owe more than $700 million in bank, bond and note debt.  more…

comments (0)
Investors’ rights problematic for Mortgages Ltd.
Filed under: General, Real Estate, Mortgages
Posted by: Lillian Wong @ 6:02 pm

Bankrupt commercial lender Mortgages Ltd. announced last week that it had hashed out settlements with several real-estate developers.   more…

comments (0)
Sites conjure up mortgage quotes, play up privacy
Filed under: General, Mortgages
Posted by: Lillian Wong @ 5:58 pm

LOS ANGELES - Mortgage lenders have raised the bar on what it takes to qualify for a home loan the past couple of years, but shopping for a loan online has actually gotten a bit easier, if not necessarily less confusing.  more…

comments (0)
Horton opens Desert Ridge models
Filed under: General, Real Estate
Posted by: Lillian Wong @ 5:57 pm

D.R. Horton Co. has opened three model homes in northeast Phoenix’s Desert Ridge neighborhood, the first models to open in the area since Pulte/Del Webb’s Fireside at Desert Ridge first went on sale more than a year ago.   more…

comments (0)
With glut of homes on the market, auctions gain in popularity
Filed under: General, Real Estate
Posted by: Lillian Wong @ 5:55 pm

A growing number of home sellers are dealing with the Valley housing market’s harsh reality by taking their business into virtual reality.  more…

comments (0)
Developer, Orpheum residents trade ire
Filed under: General, Real Estate
Posted by: Lillian Wong @ 5:52 pm

The residents at an upscale downtown Phoenix loft project were booted from the building’s parking lot this weekend, days after some condo owners accused the parking lot’s owner of “wrongdoing” in court papers.   more…

comments (0)
Mortgages Ltd. swaps funding for Centerpoint
Filed under: General, Real Estate, Mortgages
Posted by: Lillian Wong @ 5:51 pm

Mortgages Ltd. plans to substitute its source of funding for Tempe’s stalled Centerpoint high-rise project, attorneys for the bankrupt real-estate lender said in court Monday.   more…

comments (0)
Valley permits for new housing dip 40%
Filed under: General, Real Estate
Posted by: Lillian Wong @ 5:48 pm

Valley housing permits, the leading gauge of planned home construction, skidded more than 40 percent in July, compared with a year earlier, according to the latest report from real-estate analyst RL Brown.   more…

comments (0)
Home sales up slightly in the West
Filed under: General, Real Estate
Posted by: Lillian Wong @ 5:47 pm

Sales of existing homes in the West edged higher overall in July, as many buyers took advantage of falling prices in foreclosure-ravaged areas in California, Nevada and elsewhere, according to two reports Monday.  more…

comments (0)
Credit eases for buyers of more-affordable homes
Filed under: General, Mortgages
Posted by: Lillian Wong @ 5:41 pm

The subprime implosion, record level of foreclosures and losses by lenders have created one of the toughest credit markets in recent history.  more…

comments (0)
Restructuring of mortgage loans gets tougher
Filed under: General, Mortgages
Posted by: Lillian Wong @ 2:06 pm

In January, loan analyst Moe Bedard noticed a promising development in the mortgage-servicing industry: More lenders started restructuring distressed borrowers’ loans to avert foreclosure.  more…

comments (0)