News Article From: 11-17-2011
Positive signs for Valley housing market - The Valley housing market is showing signs of improving, according to numbers from Realtor.com. The median list price for a home in the Phoenix-Mesa area in October was $157,675 - up more than 5% from September. The number of homes listed for sale has dropped dramatically to 19,407 in October - down nearly 48% from October 2010. Read article:
http://www.kpho.com/story/16057379/positive-signs-for-valley-housing-market
Gov’t Announces More Refinancing Program Details - Here are some more details about the changes coming to HARP:
• Borrowers must be current on their loan and have no delinquencies in the last six months. A borrower can be 30 days late, however, on one payment in months seven to 12 of the past year. Borrowers much have 20% or less of equity in their homes to participate.
• Loans must be owned or guaranteed by Fannie Mae or Freddie Mac before May 31, 2009.
•The revamped HARP program will begin Dec. 1 and run until Dec. 31, 2013.
Read article:
http://realtormag.realtor.org/daily-news/2011/11/17/gov-t-announces-more-refinancing-program-details
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