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Fewer foreclosures slowed Sept. sales - Investors looking to snap up foreclosure homes in Maricopa County found fewer properties on the market in September, triggering a slowdown in sales for the month, according to a new report from Arizona State University.  Prices squeaked up a bit from August but have fallen significantly in the past year.  The September median price for traditional resales, which don't include foreclosures, was $125,000, up from $120,000 in August, but down from $135,000 in September 2010.  Read article:
http://www.azcentral.com/business/realestate/articles/2011/10/12/20111012report-fewer-foreclosures-maricopa-county.html

Mortgage applications increase 1.3% - The refinance index also edged up 1.3%, while the purchase index grew 1.1% over a week ago, according to the Mortgage Bankers Association.  The increases in both categories were driven by government loans, the MBA said.  The government purchase index alone shot up 2.4%.  The refinance share of mortgage activity remained unchanged overall, representing 79.1% of all activity.  Read article:
http://www.housingwire.com/2011/10/12/mba-mortgage-applications-increase-1-3