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Nextage Realty Professionals

Twitter Weekly Updates for 2009-05-31

By Jerry Cecil, on May 31st, 2009

Going to run the 7 mile Willow Lake Trail to check it out for next week’s race…should be more Prescott fun! > [...]

Posted by Jerry Cecil May 31, 2009, 3:54 pm

More foreclosures and delinquent mortgages in Arizona

By Jerry Cecil, on May 29th, 2009

The Mortgage Bankers Assocation reported yesterday that Arizona residential deliquencies rose to 9.22 percent of homes in Arizona and foreclosures were started on an additional 2.52 percent of AZ mortgages bringing the total to 5.56 per cent of all homes in foreclosure.

“It is difficult to overstate the severe impact home-price declines have had on mortgage performance,” [...]

Posted by Jerry Cecil May 29, 2009, 11:49 am

Prescott Arizona area foreclosure market report as of 5-23-09

By Jerry Cecil, on May 25th, 2009

Prescott Area Market Report

 Just like the previous week, twenty new foreclosed or short sale homes came on the market last week, about one in every 5 homes being listed in the Prescott Arizona Area MLS system.   5/20 are short sale listings (see yellow highlight).

Is there a flood of foreclosures ready to hit the market? 

See:  Banks to unleash [...]

Posted by Jerry Cecil May 25, 2009, 8:48 am

Twitter Weekly Updates for 2009-05-24

By Jerry Cecil, on May 24th, 2009

Propellerheads – Spybreak – gotta love music from The Matrix – nice climing song at 128 BPM ♫ http://blip.fm/~6l2sy #
Social Distortion – Ring Of Fire – 90 BPM – Great cover of Ring of Fire…upbeat good running song ♫ http://blip.fm/~6mq2e #
Jan Driver – Kardamoon – 126 BPM – Good warmup song…interesting Arab feel ♫ [...]

Posted by Jerry Cecil May 24, 2009, 3:54 pm

Change is good: $8,000 tax credit now ineligible for down payment

By Jerry Cecil, on May 19th, 2009

Many lenders, real estate agents, and home builders applauded when HUD said it would let banks and local governments offer short-term “bridge loans” to cover the down payment for first-time buyers eligible for the tax credit. The loans would have been available to applicants for federally insured mortgages such as Federal Housing Administration loans. 

See:  Home builders [...]

Posted by Jerry Cecil May 19, 2009, 2:44 pm
 
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