Mortgage And Real Estate News

Friday, April 29, 2016

Australia blocks land sale to Chinese for second time in six months

SYDNEY (Reuters) - The Australian government on Friday blocked the sale of S. Kidman & Co, the country's largest private land holding, to a Chinese-led consortium for the second time in six months, again saying the sale is not in the national interest.

Read more... http://mobile.reuters.com/article/idUSKCN0XQ0KR

Thursday, April 28, 2016

Sunday, April 24, 2016

Looking for luxury? Mansions plentiful in metro Phoenix

A lot of mansions across metro Phoenix are sporting "for sale" signs in their front yards.

But luxury home sales in the Valley picked back up in March after sagging last summer during the stock market jitters.

Read more... http://www.azcentral.com/story/money/real-estate/catherine-reagor/2016/04/21/luxury-mansions-metro-phoenix/83295380/

Sneak peek: Check out Mesa's new, gigantic international marketplace

It's like walking into a big-box store, a Walmart or Target. If either carried durian chips, rocoto chile paste and dried mackerel, that is.

AZ International Marketplace, opening on Wednesday, April 20, is a gargantuan new mega store from the owners of Mekong Plaza that's designed to make an oversize impact, both commercial and cultural, on the southeast Valley.

Read more... http://www.azcentral.com/story/entertainment/dining/dominic-armato/2016/04/19/sneak-peek-mesa-gigantic-az-international-marketplace/82940134/

Saturday, April 23, 2016

Section 8 Housing Program Waiting List Opens after 11 Years

The city of Phoenix Housing Department will accept applications for the Section 8/Housing Choice Voucher (HCV) program beginning Monday, May 23 through Friday, May 27, or until 10,000 applications are received. 

The city's HCV program is funded by the U.S. Department of Housing and Urban Development and is available for low-income individuals and families to provide safe and decent affordable housing.  Program participants pay at least 30 percent of their adjusted gross monthly income toward their rent to a private landlord of their choice and the program will pay the landlord the remaining balance of the rent.

Read more... https://www.phoenix.gov/news/housing/1275

Thursday, April 21, 2016

What TRID Delays? Turn Times Lowest in a Year

It appears that lenders have surmounted the initial difficulties they encountered with the roll-out of the new Truth-in-Lending disclosures (TRID) required by the Consumer Financial Protection Bureau (CFPB) starting in October 2015.  The new rule initially led to delays in home sale closings as lenders and their software vendors became familiar with the system.

Read more... http://www.mortgagenewsdaily.com/04212016_ellie_mae_loan_metrics.asp

Tuesday, April 19, 2016

Apartment plan shows divide in visions for downtown Tempe's future

A proposal that would bring a 13-story apartment building to the edge of downtown Tempe has revealed sharp divisions between business owners, residents and elected officials that go beyond the project itself.

At stake is the question of where the city should literally draw the line between dense, urban construction and traditional neighborhoods west of Farmer Avenue.

Read more... http://www.azcentral.com/story/news/local/tempe/2016/04/11/tempe-13-story-apartment-plan-farmer-avenue/82357954/

Wednesday, April 13, 2016

Fund manager Q&A: Mining stocks better play on gold prices

After years of losses, funds focused on gold and gold miners are up sharply this year as investors snapped gold for protection from a turbulent stock market.

Gold-focused funds were among the best-performing mutual funds in the first quarter. The precious metal is up nearly 17 percent this year and 2.4 percent over the past 12 months.

Read more... http://bigstory.ap.org/article/fe4bb6e23cdf4f85be08e8392b62e807/fund-manager-qa-mining-stocks-better-play-gold-prices

Spring training baseball boosts Phoenix housing market

Metro Phoenix draws many visitors seeking sunshine, baseball and homes in February and March.

The Valley's housing market typically gets a boost during these months, when it's a hub for spring training. That sets the pace for the year.

Read more... http://www.azcentral.com/story/money/real-estate/catherine-reagor/2016/04/08/baseball-very-good-phoenix-housing-market/82719486/

Blame owners, not builders, for housing crunch

Gridlock in the housing market that's slowing both first-time home purchases and trade-ups to better units is the chief reason for a persistent housing shortage, according to a new study.

Read more... http://www.usatoday.com/story/money/2016/03/21/blame-owners-not-builders-housing-crunch/81990336/

Thursday, April 7, 2016

Diocese of Phoenix to build $15M Catholic high school west of Phoenix

In an effort to address growth in the West Valley, the Diocese of Phoenix is planning to build a $15 million Catholic high school in Avondale.

The closest Catholic high school to the 25-acre site is Bourgade Catholic High School at 4602 N. 31st Ave. in Phoenix, which is 20 miles away.

Read more... http://www.bizjournals.com/phoenix/news/2016/04/05/15-million-catholic-high-school-coming-to-west.html

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