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New home recovery builds in metro Phoenix	5/25/2012 2:43 PM
New-home permits in metro Phoenix climbed again in April. There were 1,184 single-family permits issued last month, compared with 1,036 in March, according to the “Phoenix Housing Market Letter.” If these figures don’t impress, remember that a year ago, permits were hovering around 600 a month. The report’s publishers, RL Brown and Greg Burger say that last month’s home building activity “confirms the early stages of a house recovery in metro Phoenix.” ... read the rest of this post
Homeowners beware: another foreclosure aid scam in metro Phoenix	5/24/2012 3:01 PM
The Arizona attorney general has filed a complaint against a Surprise woman in another scheme to take advantage of struggling homeowners. The state prosecutor has filed a lawsuit against Rosa Galope alleging she defrauded homeowners looking for help in obtaining mortgage modifications to avoid foreclosure. “The economic crisis has created a number of vulnerable consumers who are often targeted for predatory schemes,” Attorney General Tom Horne aid. The lawsuit alleges Galope charged thousands of dollars in up-front fees for mortgage-loan modification and foreclosure help, and then later claimed the money was donated to her church, Nation to Nation ... read the rest of this post
Phoenix housing market update	5/17/2012 8:40 AM
Here’s a quick look at the latest statistics. April showed another month of positive gains for metro Phoenix’s housing market. The region’s median monthly resale home price climbed to $138,325,from $131,000 in March, according to Tom Ruff’s analysis with AZbidder and Information Market.In October, the median was $115,000. Last month, there were 8,552 home sales across the Phoenix area, down from 9,581 in March but up from 7,293 in February. The number of metro Phoenix homes taken back by lenders fell to 1,642, down from almost 2,000 in March. In spring 2011, there were more than ... read the rest of this post
Capitol Mall Assoc. raffling off Phoenix houses - only $20 a ticket	5/15/2012 11:57 AM
Here’s a chance for homebuyers to not be outbid by investors and get a house for $20. The Capitol Mall Association is raffling off two homes, one in south Phoenix and the other in west Phoenix. Tickets are going for $20 apiece or six for $100, and the houses are renovated and ready to move into. “These are great houses. Anybody who can get one for $20 will be very happy,” Capitol Mall Executive Director Shannon Dubasik said “But we are running out of time.” The non-profit must sell 27,000 tickets by May 31, the day of the drawing, ... read the rest of this post
Home building in metro Phoenix show signs of a recovery	5/8/2012 4:12 PM
The rebound of metro Phoenix’s new home market continues to build. New home permits were up 61 percent in the region during March, accord to the latest Phoenix Housing Market Letter. The increase is more staggering than the actual numbers, but still it signals “evidence of a new housing rebound,” according the report’s publishers RL Brown and Greg Burger. In March, there were 1,036 single-family permits issued. It was the first month in awhile where home- building permits topped 1,000. Last year in March, there were 645 single-family permits issued across the Phoenix-area. Overall, ... read the rest of this post
Arizona housing leaders fight to keep money from lender settlement	4/30/2012 10:17 AM
The Arizona Housing Alliance, made up of leaders in the housing industry, is considering legal action to stop a proposed $50 million sweep from the mortgage settlement fund to balance the state's budget. Arizona received a payment of $97.7 million to a mortgage settlement fund as part of a settlement reached by 49 states and the country’s five largest mortgage loan servicers who engaged in fraudulent foreclosure practices. The consent judgment stipulates the money should be used to avoid preventable foreclosures, to ameliorate the effects of the foreclosure crisis, and to prevent mortgage fraud. Governor Brewer’s and top Republican legislative leaders’ ... read the rest of this post
Watch out for scams on $25 billion lender settlement	4/27/2012 12:05 PM
Scams to try to cash in on the $25 billion settlement with the nation’s largest lenders have already begun, and the deal was finalized just last month. The Arizona Attorney General is warning consumers to watch out for companies contacting them about the settlement. People who are eligible for part of the settlement will be contacted directly by one of the five major lenders involved — BofA, Citigroup, the former GMAC (now known as Ally Financial), JPMorgan Chase and Wells Fargo. Arizona's portion of the settlement is $1.6 billion. About $1.3 billion of that amount will ... read the rest of this post
Phoenix commercial foreclosure web site	4/24/2012 11:52 AM
Phoenix group called VIZZDA, which stands for visual data, has created a website with information on commercial foreclosures in metro Phoenix. VIZZDA has data, photos, video, past ownership and the current foreclosure status of all metro Phoenix’s commercial properties and vacant land. Users including banks, investors, brokers, contractors and vendors, can see what commercial properties are in foreclosure on any given block, a mile-radius or city and then compare them with comps, or recent sales, of similar properties. “We are providing more than data. We are creating content,” said Hadden Schifman, co-founder of VIZZDA. “We believe ... read the rest of this post
Phoenix commercial foreclosure web site	4/24/2012 11:34 AM
Phoenix group called VIZZDA, which stands for visual data, has created a website with information on commercial foreclosures in metro Phoenix. VIZZDA has data, photos, video, past ownership and the current foreclosure status of all metro Phoenix’s commercial properties and vacant land. Users including banks, investors, brokers, contractors and vendors, can see what commercial properties are in foreclosure on any given block, a mile-radius or city and then compare them with comps, or recent sales, of similar properties. “We are providing more than data. We are creating content,” said Hadden Schifman, co-founder of VIZZDA. “We believe ... read the rest of this post
Q and A with new president of developer DMB Associates	4/13/2012 2:30 PM
DMB Associates promoted Charley Freericks to president earlier this week. Here are some opinions on the housing market, and DMB’s future from the the veteran of Arizona real estate. 1. How would you describe metro Phoenix’s current housing market? Economy? There is significant anecdotal evidence for the beginning of a recovery. In housing, in retail, office, and in employment. I look for it in discretionary spending places - restaurants have wait lists, at sporting events seats are filled and there are lines at concessions. DMB’s communities and commercial centers tell the same story – month to month and year over year the ... read the rest of this post

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