U.S Real Estate

California Man Gets Prison in Arizona Housing Scheme

arreswtedA California man was sentenced this week to five years in prison for his involvement in a scam in which many Arizona Latinos lost their homes.

For full article see: http://www.azcentral.com/business/realestate/articles/20130807california-man-prison-arizona-housing-scheme.html

US Home Foreclosures on Track For 6-year Low

130410183117-chart-foreclosure-completions-620xaThe U.S. is on track to end the year with the fewest homes repossessed by lenders in six years, a trend that should help limit the negative impact foreclosures have on home values.

For full article see: http://www.azcentral.com/business/realestate/free/20130815us-home-foreclosures-track-year-low.html

Pending Sales of US Homes Slip But Remain Solid

pending home salesFewer Americans signed contracts to buy U.S. homes in July, but the level stayed close to a 6 ½-year high. The modest decline suggests higher mortgage rates have yet to slow sales sharply. The National Association of Realtors says its seasonally adjusted index for pending home sales declined 1.3 percent to 109.5. That’s close to May’s reading of 111.3, the highest since December 2006

For full article see: http://www.azcentral.com/business/realestate/free/20130828pending-sales-us-homes-slip-remain-solid.html

US Home Prices Rise 12.4% From Year Ago

U.S. home prices climbed 12.4 percent in August from a year ago, fueled by more buyers bidding on a limited supply of houses.

For full article see: http://www.azcentral.com/business/realestate/free/20131001us-home-prices-rise-from-year-ago.html

Shutdown Causes Anxiety for Buyers and Sellers

governmentAs the partial government shutdown extended into week No. 2 and the deadline looms for the extension of the debt ceiling, some home buyers and sellers are getting worried about the potential impact on their real estate transactions.

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