Gene Urban, The Urban Team at Realty Executives, weighs in on 3 listings in the Phoenix, Arizona area where the average sales price is about $215,000 in the city.» Read More
Finished lot prices are up an average of 40% nationwide, and in the hottest markets they've nearly doubled. USA Today reports.
Real estate brokers say demand from international investors has flagged in locations that have been most attractive to overseas buyers- markets such as San Francisco, Phoenix, Las Vegas and Miami.
LOS ANGELES, Aug 11- Jan Brzeski stands in a sun-filled, beautifully refurbished living room high in the Hollywood Hills, looking out at a swimming pool and, miles below, stunning views of Los Angeles.
Aug 6- President Barack Obama on Tuesday called on Congress to overhaul the nation's decades-old mortgage finance system and wind down government-backed Fannie Mae and Freddie Mac. So far, legislative efforts to expand refinancing programs have failed in Congress.
*Obama proposes winding down Fannie Mae, Freddie Mac. The core of Obama's proposal involves winding down mortgage finance giants Fannie Mae and Freddie Mac, which own or guarantee more than half of all U.S. home loans and are critical to keeping capital flowing to lenders and borrowers.
Home prices are up 35 percent in Phoenix from where they were in September of 2011, and President Obama is sharing his proposal to dismantle Fannie Mae and Freddie Mac, with CNBC's Diana Olick. Shaun Donovan, Housing and Urban Development secretary; and Jaret Seiberg, Guggenheim Partners, discuss the impact to home ownership.
*Obama to speak about housing's rebound in Arizona. *Obama to back winding down Fannie Mae, Freddie Mac. More than four years after Obama outlined his plan to halt the housing market free fall in February 2009, he returns to Phoenix, where he will again talk about housing.
WASHINGTON, Aug 5- President Barack Obama will propose overhauling the U.S. mortgage finance system in a speech on Tuesday, weighing in on a tangled and polarizing problem that was central to the devastating financial crisis in 2007-2009 and that continues to slow the economic recovery, the White House said.
*Obama to speak about housing's rebound in Arizona. More than four years after Obama outlined his plan to halt the housing market free fall in February 2009, he returns to Phoenix, where he will again talk about housing. "My fear is that people think the problem is over," said Patricia Garcia Duarte, president of Neighborhood Housing Services of Phoenix. "
LONDON, July 29- Accountancy firm Deloitte has lost its appeal against a regulatory ruling that it failed to manage conflicts of interest in its advice to MG Rover Group and the "Phoenix Four" directors who bought the British carmaker before it collapsed.
WASHINGTON, July 1- A group of 19 attorneys general, led by Texas, has joined a U.S. Justice Department probe of a planned merger of American Airlines Inc and US Airways Group Inc, three sources close to the discussions told Reuters.
PRESCOTT, Ariz., July 1- Fire investigators in central Arizona launched a probe on Monday into how wind-driven flames closed in on and killed 19 specially trained firemen in a tragedy that marked the greatest loss of life among firefighters in a U.S. wildland blaze in 80 years.
The crew from the Prescott, Arizona, Fire Department was killed on Sunday when the fast-moving blaze trapped them near Yarnell, a town about 80 miles northwest of Phoenix. Temperatures were likely to hit well over 100 degrees Fahrenheit in Fresno, California, Phoenix and to the north in Boise, Idaho, and Spokane, Washington, according to Accuweather.com.
July 1- A fast-moving Arizona wildfire that killed 19 elite firefighters over the weekend has engulfed more than 8,370 acres and continues to rage unchecked, state officials said on Monday.
PHOENIX, June 30- Nineteen firefighters from an elite team in Arizona were killed on Sunday while battling a fast-moving wildfire that destroyed scores of homes and forced the evacuation of two small towns northwest of Phoenix, the state capital, authorities said.
BRUSSELS/ BERLIN- The European Union demanded the United States explain a German magazine report claiming Washington is spying on the group, using unusually strong language to confront its closest trading partner over its alleged surveillance activities. ( USA EU/SPYING, by Ben Deighton and Annika Breidthardt, moved, 600 words).
PHOENIX, June 29- A gas leak at Intel Corp's second-biggest manufacturing plant, located in Chandler, Arizona, sickened up to 43 people, including 11 who were taken to a local hospital, company and local fire officials said on Saturday.
June 27- Dramatic home price gains in some of America's largest cities point to a potentially new housing bubble in those areas, according to Robert Shiller, who helped create a closely watched gauge of U.S. housing prices.
The U.S. Attorney's Office for the District of Delaware said businessman Xiang Li, 36, would be deported to China pending his release from prison. Li, of Chengdu, China, was arrested in June 2011, in an undercover sting by U.S. Department of Homeland Security agents on the Pacific island of Saipan, an American territory near Guam.
Housing data released Tuesday was mixed, prompting economist Robert Shiller to call the housing recovery positive in the short-term, but not without many headwinds.