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August 2013

Found 29 blog entries for August 2013.

Phoenix area real estate?  Accused of being in a bubble.

According to the S&P/Case Shiller Index, Las Vegas and Phoenix have topped the nation in price increases.  “They’re clearly in bubbles,” said Karl Case, one of the creators of the index. “What can go up can go down -- real quick.”

Reaction?

Well, there's someone who wants to pop that bubble statement.

That is Michael Orr, Director of Real Estate at the W.P. Carey School of Business at Arizona State University.

You can almost hear him roll his eyes around talk of a bubble.

We actually do wait for him to stop chuckling.

Orr, on his regular appearance on That Real Estate Show Saturdays on KTAR says, "You know what my reaction is. They are clearly not in bubbles.  In fact, the

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Get the latest real estate news from all over the Valley. Whether you live in Phoenix, Scottsdale or Glendale, That Real Estate Show has it covered.  This week, August 31, 2013....

Pop that Bubble! This week Michael Orr, Director of Real Estate at the WP Carey School of Business at ASU joins us for That Market Report. Find out what he thinks about everyone saying the Valley real estate market is in a bubble.

Michael Orr Director of Real Estate at the W.P. Carey School of Business at ASU

Great news for those who have foreclosed, short sold or filed for bankruptcy.  Find out from Lisa the Lender that you may only have to wait 12 months to buy another home.

Latest on the Valley housing market, we have Catherine Reagor from the Arizona Republic in to talk about her upcoming Sunday article profiling some Valley residents  who

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Phoenix home prices are in the news again, and That Real Estate Show has the latest information for anyone may be on the fence of whether to buy or sell a home in Phoenix.

From Scottsdale real estate news to the latest on Phoenix home prices, we cover the entire Valley.

Here's what's coming up on That Real Estate Show, Saturday, August 31st, 2013 at 3pm:

REAL ESTATE BUBBLE – ASU’s Michael Orr reacts to a national expert’s quote on a real estate bubble in Phoenix and Las Vegas. 

ARIZONA FHA LOANS – Lisa the Lender has more on the changes to FHA loan requirements and why it good news for anyone who had a recent short sale or foreclosure.

PHOENIX COMMUNITY EVENTS   - Buying a home in Phoenix?  That Real Estate Show Community Events Director

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Phoenix home prices continue to increase according to the latest report by Case-Shiller. 

The national real estate report Case-Shiller, which is released at the end of each month, cites a 19.8% increase in home prices for Phoenix, continuing a 15 month trend of double digit price growth in the Valley.  Phoenix real estate has risen 37.1% in value since the low point of September of 2011.  San Francisco (47%) is the only real estate market that has seen more of a rise in prices.  In other words, the Case-Shiller report is more positive news for homeowners and potential sellers in Phoenix, as there’s a good chance that home values will continue to rise throughout 2013. 

Phoenix real estate compared to other major U.S. cities  

The Case-Shiller also hinted as some good news for anyone looking to buy a

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First time Phoenix area home buyers are curious to know where to start in the home buying process?

What is the first step in the Arizona home buying process?

Drum roll please......getting prequalified!

 

Heck if it's been a while since you've bought your last home in the Valley of the Sun.....Child, things have changed.  Mix in a housing bubble along with a housing crash followed by a whole whack of people losing their homes to foreclosure and short sales, add a dash of arrests and jail time.  You've got a ripe recipe for the feds to step in and start regulating a lot of things.  Some of the regulations now include ......a whole lot more paperwork.  No longer, as Lisa the Lender would say,  can you qualify for a loan just by being able to fog

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So you'd like to buy a home in Phoenix but you've lost your home to short sale or foreclsoure?  We've got good news.

arizonans can own a home 12 months after foreclosure or short sale

Qualified persons can now get a mortgage after only 12 months of going through a distressed sale.  It used to be years.

lending program to help those who have foreclosed or short sale

It's called the Back to Work Program

Program Summary

-Show credit impairments resulting from loss of employment/loss of household income

-loss of employment and or income of 20% or more for six months or longer

-The recovery period begins the month of loss of employment/income

-Demonstrate full recover and complete housing counseling

-Re-establishment of credit for 12 plus months from short sale or foreclosure.

See if you can qualify for the Back to Work Program.

for all phoenix and valley real estate information tune into that reale state show
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Phoenix real estate is in the news again.  This week on That Real Estate Show, we have more news on increasing home prices in Phoenix, and what it could mean to those looking to buy a home in Arizona. 

PHOENIX REAL ESTATE UPDATE– Michael Orr from the Cromford Report and ASU returned from vacation, and has more news on increasing home prices in Phoenix as well as across the state. 

FHA LOANS – Big news from FHA, which has now reduced the wait for those looking to get back into a home after a foreclosure or short sale. 

MOVING TO PHOENIX? – If you’re new to the Phoenix area, Diva Danielle Williams has 3 great ideas for you to consider. 

WHAT’S MY CREDIT SCORE? – Lisa the Lender has more good news for those looking to buy a home in Phoenix. 

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Those who have a home or condo in Scottsdale are in shock.  As well as anyone who has ever been to this gorgeous Scottsdale landmark.   I know, I was.  How could something so beautiful ever be taken down? 

It's a great place to take company and enjoy the great restaurants that call the Borgata home.

The Scottsdale City Council has voted for the Borgata to come down and a developer is going to put up condominiums instead called the Residences at Borgata.  AV Homes, according to the Arizona Republic,  will build three buildings of 218 condos that will be four stories tall.  All will include one and two bedroom condos with an underground parking garage.  No price points have been released yet.

Scottsdale condos to be built

The Italian style village was built in 1981 and is

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Phoenix’s real estate market is one of the most active in the country.  That Real Estate Show has the latest Arizona real estate news and opinion from the state’s top experts. 

That Real Estate Show is the show for YOU and YOUR Realtor -

Phoenix Real Estate – Michael Orr from ASU and The Cromford Report is back from vacation with some big news on rising home prices in the Valley.  Will Phoenix home prices continue to rise?

Arizona FHA Loan – Lisa the Lender has some BIG news about FHA loans, especially if you had a foreclosure or short sale in recent years.

Phoenix Hotspots – New to the Phoenix area?  Diva Danielle has some great ideas for couples, singles, and families who want a fun weekend activity. 

Real Estate Bubble?  – Real estate

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Lost your Arizona home?  Some Good News for you!

After having a foreclosure, short sale, bankruptcy, or deed-in-lieu, you don’t have to wait 3 years to purchase another home.

We’re not kidding.

That is “IF” you qualify for the “Back to Work Program” the feds announced today.  FHA has unveiled a new dealio for those that have had a distressed sale. in Phoenix or any other city in the Phoenix metropolitan area.

Here’s the scoop.

You may be able to purchase a home after only a year (12 months) IF…

There’s that “IF” again….

If you lost your job or had a decrease in income of 20% or more for at least 6 months that caused your Arizona foreclosure, short sale, bankruptcy, or deed-in-lieu…you could be back in the game….BUT only if you can

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