America: Too Big to Fail? - A thorough article that delves into the past to figure out why our nation’s economy is like this today. Will Fannie and Freddie survive? What’s in store for the nation in the last two quarters of 2008?
Many Share the Blame for the Housing Crisis - Everybody’s responsible. The buyer and the seller. The agent and the brokerage. The mortgage company and the investors. It took all of us to tango into this mess.
AZ Opinion: Why Homes Around the University Will Always Rise - The area’s east and west of the University will be recession proof because our University is heavily invested into research and the enrollment is increasing every year. The Sam Hughes area is always highly sought out for a reason.
Arizona Gas Prices Lowest in the Nation - Arizona still has the lowest gas in the nation. If we’re being optimistic right now in today’s economy, the gas is low. Yay!
Tucson’s Shari’s Drive In Closes - One of Tucson’s old school gems throws in the white towel. After 55 years of being in business… Too bad, really…
UA Ranks #2 for Peace Corps Fellows - University of Arizona is recognized for having the second to the highest enrollment within the Peace Corps. Thank you to all those who serve in the name of Peace!
With the financial industry hurting in today’s economy, I’m glad that there are more provisions being put into play by the government when mortgages are concerned. But with provisions come prices that we’ll have to be paying with time and work.
So home loans are now going to be work. It’s troublesome when you’re going through the process of applying, hopefully it won’t be hard like applying for a foreign visa, but I think it’ll do its job of truly only allowing qualified applicants.
The nation is still shaken up from its financial crisis, but this week, it seemed like the Senate is prepared to pass a new housing bill to mainly prevent foreclosures. This measure is to strengthen Fannie and Freddie Mac to allow these two companies to come back up, along with giving homeowners a good mortgage to carry. If this new bill passes, expect to see these implemented changes.
FHA Role Expansion
Create a New Regulator for Fannie and Freddie
Raise Conforming Loans
Update FHA Rules
Provide Housing-Related Tax Credits
Help States Buy Foreclosed Properties
Whatever the case, the Senate knows that this bill is long overdue; no longer can the government hope to see this crisis taking care of itself. Changes need to be made, and all that’s needed now is for the House to accept this bill also.
Vulture Real Estate Investors Swoop In - With the prices of properties dropping along with some homeowners being stuck in a mortgage jam, real estate investors are coming into the market and investing in flips and rentals. Although there are many deals available today (getting a property 70 cents to the dollar), at the year’s end there are expected to be so much more because banks will want to cut their losses then and there.
Fannie Mae and Freddie Mac Hitting 2008’s All Time Low - The possibilities of new accounting procedures made these two government sponsored enterprises plummet in share value. How big is this trouble to Fannie and Freddie’s operations?
Top 100 Real Estate Market Forecasts - Find the median home price, 5 year price change, 1 year forecast, and percent change in foreclosures for Tucson and 99 other cities.
