September 2009
Celebrated on the first Monday in September, Labor Day honors the contributions workers have made to strengthen the prosperity and well-being of America. While today’s holiday is marked with leisurely activities including parades, picnics and pool-time, a look back at history reveals the struggles many individuals endured to achieve the American dream.
It's Football Season! You can smell it in the air, you can see it all around, you can just feel it... it's that time of year again: It's football season! Whether you like college football, the NFL or both, it's time to break out the face paint, the foam fingers, and the old pigskin, because football season is upon us. If you're like millions of fans, you've been waiting anxiously since the end of last season for this season to begin. There is just nothing quite like BBQ, some chips and dip and a little football.
To see when and where your team(s) are playing I have provided some links below for the 2009 College and NFL football. 2009 College Football Schedules: 2009 NFL Schedule: So... What's the buzz? New-home sales rise in July In June, new home sales increased by 11% over the prior month’s report to an annualized pace of 384,000. This marked the largest monthly percentage increase in nine years. The July reort shows that new home sales continue to increase with a month over month jump of 9.6%, beating economist expectations. This sets the annualized pace at 433,000 versus expectations of 390,000. It appears that the government stimulus for first time home buyers is helping stabilize new home sales.
I was going to buy a copy of The Power of Positive Thinking, and then I thought: What the hell good would that do? ~Ronnie Shakes
In this edition:
Tax Credit due to expire November 30, 2009! With low interest rates, a large inventory of homes, and decreasing home prices, there’s never been a better opportunity for first-time homebuyers, who are financially able, to purchase a home. In fact, the National Associates of REALTORS® predicted 53.5% of homebuyers in 2009 will be first-timers; due in most part to the $8,000 tax credit. But who qualifies as a “first-time homebuyer” and what are the exact provisions surrounding the tax credit? Click here for a short FAQ and find out why you need to act now if you plan on taking advantage of this great government incentive!
A Terrific Time to Buy RISMEDIA, August 29, 2009-The $8,000 first-time home buyer tax credit along with record low interest rates, numerous tax credits as well as a housing inventory that is going to take some time to shrink, now is a terrific time to get into the real estate market. Whether you are looking for your first home or even a move-up home, you shouldn’t be sitting on the sidelines. Tony Ventura, Owner/Manager of Better Homes and Gardens Real Estate Ventura Barnett Properties discusses why now is such a great time to buy a home. Click here for complete article.
Buyers Interested in Low Cost Foreclosure Homes Need to Act Now NEW YORK, N.Y., Aug. 24 (SEND2PRESS NEWSWIRE) -- The high foreclosure rate across the United States during the last two years caused an abundance of properties to flood the market. Prices on real estate dropped as the number of available homes kept growing. An analysis conducted by ForeclosureDataOnline.com using their large database of foreclosure information has found that situation is changing. Prices are rising and homes are being purchased more quickly than in recent months. Click here for complete article.
Arizona Your Way Home Program - Help Buying Foreclosed Homes & Real Estate If you have been considering purchasing a home but the budget is tight, there may be options that you want to consider The Your Way Home program being offered in Arizona provides assistance to those who qualify to purchase eligible foreclosed homes in the state. This information will help you determine if you may be a candidate. As of July 1st of this year, this program was available to all residents of Arizona. Essentially, the Arizona Department of Housing will offer 22% in purchase assistance if you qualify. Click here for complete article.
Housing Lifts Recovery Hopes AUGUST 22, 2009 - Wall Street Journal Sales of existing homes in July jumped at the fastest rate in 10 years, sending stock prices up around the globe on hopes that the U.S. housing market -- a driver of the world's largest economy -- is stabilizing after years of decline. Click here for complete article.
Study: Valley home price skid near the end of the line Phoenix Business Journal - Wednesday, August 19, 2009 A new housing study released by Arizona State University concludes that the worst of the housing price declines in the Phoenix market are over for now. The Arizona State University-Repeat Sales Index still notes that price declines are taking place, but at a much less drastic rate than earlier in the year. Click here for complete article.
Housing Affordability Continues to Hover Near Highest Level in 18 Years RISMEDIA, August 21, 2009-Bolstered by affordable interest rates and low prices, nationwide housing affordability during the second quarter of 2009 continued to hover near its highest level since the series began 18 years ago, according to the National Association of Home Builders/Wells Fargo Housing Opportunity Index (HOI). Click here for complete article.
Foreclosures Rise, Driven by Loss of Jobs and Income RISMEDIA, August 24, 2009-(MCT)-Delinquency and foreclosure rates for U.S. mortgages continued to rise in the second quarter, with loans to the most qualified borrowers going bust at an unnerving clip, especially in hard-hit states such as Florida and California. Click here for complete article.
Arizona Foreclosures Surge; Third in Nation: July Numbers up 17% from June, 48% from Last July RISMEDIA, August 17, 2009-(MCT)-Thousands of homeowners across Arizona moved closer to losing their homes last month. Arizona had the third-highest foreclosure rate in the United States in July, with one in every 135 housing units receiving a foreclosure filing, according to the latest market report from RealtyTrac, an online marketplace for foreclosure properties. Click here for complete article.
September 2009 Mortgage Rates (from BankRate.com)
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