Wednesday, January 11, 2012

Feds are considering turning foreclosures into rentals.....deja vu..circa 1988


The Obama administration is changing its position on housing by offering the foreclosure market to investors to utilize as rental property.  We had the same situation in the late 1980's when the RTC funding was cut by congress.  The RTC was then forced to  liquidate what we now refer to as "toxic assets" to fund their in house payroll.



How do you think this will impact already ailing prices?



http://www.linkedin.com/news?actionBar=&articleID=5562274737595355150&ids=c30Qe3cSdPsVdzwOdzcSczoRdiMMcj4QczATcPcOdPgMd34NdzkRb30RcjkRcPkVdjsPdPgTcz8SdjkIejgOcjgPdzkTcPgPej0MczoRdiMQc3cMcj8Tcz0N&aag=true&freq=weekly&trk=eml-tod2-b-ttl-2&ut=2D1PIOooXGiB41


Feds are considering turning foreclosures into rentals.....deja vu..circa 1988


The Obama administration is changing its position on housing by offering the foreclosure market to investors to utilize as rental property.  We had the same situation in the late 1980's when the RTC funding was cut by congress.  The RTC was then forced to  liquidate what we now refer to as "toxic assets" to fund their in house payroll.



How do you think this will impact already ailing prices?



http://www.linkedin.com/news?actionBar=&articleID=5562274737595355150&ids=c30Qe3cSdPsVdzwOdzcSczoRdiMMcj4QczATcPcOdPgMd34NdzkRb30RcjkRcPkVdjsPdPgTcz8SdjkIejgOcjgPdzkTcPgPej0MczoRdiMQc3cMcj8Tcz0N&aag=true&freq=weekly&trk=eml-tod2-b-ttl-2&ut=2D1PIOooXGiB41


Monday, January 9, 2012

Phoenix-area housing may be on the mend

Phoenix-area housing may be on the mend

The Latest Real Estate Market Information and Predictions for the 2012 Phoenix MSA


Phoenix Area real estate reality and marketing projections...Sales numbers down, sales inventory declining, sale prices trending slightly up, median price predicted to remain stable in January with declines in February and March, foreclosures showing downward trend, lenders showing more interest in "short sales" rather than foreclosures....final analysis...stability and indications of recovery. The full report is attached in the link.....and call me for all your real estate needs!!



 



http://www.armls.com/docs/stat-ppi-2012/stat-january-2012.pdf?utm_source=iContact&utm_medium=email&utm_campaign=Communication&utm_content=STAT+Jan+2012