EAST VALLEY, AZ
Hold on and grab the popcorn, short sales could become more interesting
Dean Ouellette of the East Valley Team talks about how the price per square foot for East Valley short sales has grown closer to the price of foreclosures. Does that give banks more leverage in negotiating short sales? The East Valley Short Sale market is changing, and maybe not for the better for sellers. The gap on price per square foot between foreclosures and short sales is…Rest of Story…

GRANDVIEW, OH
Grandview home sales up 100%
The graph shows Grandview single family home sales and inventory (homes for sale) for the past 15 months through April 2010. April 2010 Grandview home sale were double sales for April 2009. The red line is pending sales. The federal home buyer tax credits expired at the end of April 2010. Grandview home sales up 100% a market report for April 2010…Rest of Story…

LAKE GENEVA, WI
SHOULD YOU REFINANCE YOUR LAKE GENEVA MORTGAGE?
Because of strife in Greece, Spain and North Korea, conforming Lake Geneva mortgage rates are back to all-time lows. They’re at levels not seen in 50 years. For homeowners that missed the Refi Boom of November 2009, it’s a second chance. In this well-presented, 3-minute video from NBC’s The Today Show, you’ll get tips getting low rates and choosing the best time to lock in…Rest of Story…

PHOENIX, AZ
Phoenix police officer shot, killed; suspect in custody
A Phoenix police officer was shot and killed while searching for a man near Indian School Road and 19th Avenue early Wednesday morning. Officer Travis P. Murphy, 29, was shot about 1:30 a.m. He had a wife and children ages 2 years old and 2 weeks old. The line-of-duty death marks the first in Phoenix since an officer was fatally wounded by a drunken driver in 2008…Rest of Story…

SAN ANTONIO, TX
Would you treat your friends this way?
I’ve written before about the use of the word “friends” in social media. These days, a friend is only a click away. We like everyone and everyone likes us, our businesses, groups, associations, and the products we use and buy. With all this like going around, you might think we’ve finally achieved world peace. When social anthropologists look back, maybe they’ll call it the…Rest of Story…

SEATTLE, WA
More Seattle Blogs: Seattle’s backyard cottages make a dent in housing need
John Stoeck is building a one-bedroom, 437-square-foot cottage on the spot where his garage stood before a tree fell on it. Construction costs: about $50,000. When the cottage is finished this summer, he plans to rent it for at least $900 a month, which will make a nice dent in his mortgage payments. His is just one of about 50 tiny cottages sprouting in backyards across the…Rest of Story…

US – DEFAULTS
Could be a bigger pig than you think…
From this week’s Standard & Poor’s Structured Finance Intelligence update – “U.S. Residential Mortgage Default Index: Defaults Are Waning But Cumulative Default Rates Remain Extremely High For Recent Vintages” – U.S. Residential Mortgage Default Index slowed in the first quarter of 2010 (OK, good…)
Additionally, the rate of increase, measured as a percent of the unpaid principal…Rest of Story…

US – UNCERTAINTY
Real estate news confuses, analysts don’t agree on market health
Foreclosures are down slightly but by some accounts the numbers of loans that will go into default in the coming years will still go up. New construction surges and new home sales are up substantially but the value of raw land in many places is down. The stock market is up 190 points. The stock market is down 227 points the next day…Rest of Story…

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