The collapse in the housing market has created a new way of thinking among real estate investors. Money is no longer just being made by investors. It’s being shared among a new breed of entrepreneurs coached by the man whose book and motto is “Think a little different.” “I do everything I need to do… Continue reading TV Real Estate Guru Makes Investors Rich
Category: Arizona
arizona housing market
White House Considers Free Money
By Mike Colpitts Weighing its political options, the Obama administration is carefully considering recommendations of Housing Finance Agencies in four states to reduce mortgage principal of homeowners at risk of foreclosure. The proposals made to the White House could act as a magic bullet to aid in the recovery of the nation’s housing markets, giving… Continue reading White House Considers Free Money
Foreclosures Keep Pace
For fifty consecutive months foreclosure notices filed against U.S. homes have risen on a year over year basis, according to the latest Realty Trac monthly report. Notices of foreclosure activity were filed against 308,524 properties in February. Foreclosure auctions, including notices of Trustee’s Sales and Notices of Sheriff’s Sales, the last steps in the foreclosure… Continue reading Foreclosures Keep Pace
2010 Arizona Housing Market
Arizona housing prices were rising as a result of federal tax credits, lower asking prices and near record low mortgage rates. But then like the winds blowing across the desert before a storm, the values of homes were swept lower as a result of the home buyers tax credit expiring. In Arizona a major secondary… Continue reading 2010 Arizona Housing Market
Huge Rise in Walkaways
A growing number of homeowners are doing what was once unthinkable – strategically walking away from mortgages, and the trend is showing huge signs of increasing with the approval of academia. A consulting company working for financial institutions, Oliver Wyman estimates that 16% of current foreclosures are of mortgage borrowers intentionally walking away, choosing to… Continue reading Huge Rise in Walkaways
Markets on the Mend in Time for Christmas
By Kevin Chiu It’s the season of comfort and joy, Christmas trees and Santa Claus flying down the chimney. All of us wish for World Peace. We hope for a New Year that will be better than 2009 when the World’s financial system nearly blew up on Wall Street. In the face of all the… Continue reading Markets on the Mend in Time for Christmas