Southwestern Style Real Estate

Illegal housing bidding on the rise

2009-12-01T21:49:00Z

Buyers interested in purchasing a home at Foreclosure Auction should be aware.... Drop bidding illegal and on the rise in Arizona.

Illegal housing bidding on rise

www.azcentral.com

Illegal housing bidding on rise, Foreclosure auctions held in Maricopa County are supposed to be open and fair. But a practice known as ''drop bids'' threatens to compromise the integrity of the auctions.

Home Sales Jump in October

2009-11-23T18:40:00Z

Home sales jump in October, beating expectations - October U.S. home sales rose 10.1% from September, beating expectations, as the first-time home buyer tax credit helped spur sales. The National Association of Realtors said sales of existing homes, including single-family, townhomes, condominiums and co-ops, surged to a seasonally adjusted annual rate of 6.10 million units in October from a downwardly revised pace of 5.54 million in September. The rate is 23.5% above the 4.94 million-unit level in October 2008. It was the highest sales level since February 2007. Sales had been expected to rise to an annual pace of 5.65 million, according to economists surveyed by Thomson Reuters.
http://www.usatoday.com/money/economy/2009-11-23-existing-home-sales-oct_N.htm

Breaking News: Senate Plans to Extend and Expand Tax Credit

2009-10-30T20:54:00Z

The Senate is looking at several changes to the existing Tax Credit which in my opinion will continue to stimulate the Housing market.

Extends the $8000 tax credit for First Time Home Buyers
Established New $6500 tax credit for existing homeowners
Raised income limits

For more information on these changes CLICK HERE.