(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…
(Fortune Magazine) — These are the dog days of summer, the height of our national vacation season. But instead of hitting the beach, people in
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…
That empty foreclosed home down the street today could be tomorrow’s drophouse. more…
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…
People are losing homes all over the Valley, and Avondale is no different in its share of foreclosures and rising vacancies. more…
Within a mile-long stretch of
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…
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…
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…
Bankrupt commercial lender Mortgages Ltd. announced last week that it had hashed out settlements with several real-estate developers. more…
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…
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…
A growing number of home sellers are dealing with the Valley housing market’s harsh reality by taking their business into virtual reality. more…
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…
Mortgages Ltd. plans to substitute its source of funding for
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…
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,
The subprime implosion, record level of foreclosures and losses by lenders have created one of the toughest credit markets in recent history. more…
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…