Metro Phoenix housing market has best month in a decade April just might have been the best month for metro Phoenix's housing market in a decade. Foreclosures fell to the lowest level since 2006. Homebuilding continued to rebound. Phoenix kept its spot as one of most affordable big metro areas for ...
More Phoenix homeowners have equity now Fewer metro Phoenix homeowners are underwater now, according to CoreLogic. Approximately 19.5% of the Valley's homeowners owed more than their house is worth as of June 30, down from 21% at the end of this year's first quarter. At the worst of the housing cra ...
Phoenix-area home sales, prices cool in July In Metro Phoenix, both sales and prices dipped in July. Home sales fell 4.5% and the median home sales price inched down to $210,000 compared with June, according to the W.P. Carey School of Business at Arizona State University. The housing market's mode ...
Ariz. homebuilders offering deals New-home prices across metro Phoenix soared too high and too fast in 2012 and 2013 for many buyers to handle, leading to a slump in sales. Home prices have dropped slightly this summer, and builders are trying to lure buyers by offering incentives that include lowe ...
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News Article From: 12-04-2008

Treasury weighs action on mortgage rates, an article from msnbc.com, reports that the Treasury department is "strongly considering a plan to intervene directly in the mortgage industry to dramatically force down rates."  Under the plan, the Treasury would purchase securities that finance newly issued home loans.  In order to participate in the program, lenders would be required to set exceptionally low interest rates.  Those rates may be as low as 4.5% for a traditional, 30-year fixed-rate mortgage.  Most of the securities would be purchased from Fannie Mae and Freddie Mac.  Following a meeting in mid-November, senior Treasury officials stated that they were optimistic that  "subsidizing lower mortgage rates with taxpayer dollars would help revive the housing market." 
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