West Valley Properties

According to reports from Radar Logic home prices in November declined in 22 of 25 metropolitan areas on a year-over-year basis.  Radar Logic’s home price index declined 2.2 percent from November 2009 to November 2010.

On a month-over-month basis, home prices were more or less stable from October to November, rising 0.3 percent.  Radar Logic warns that

On a year-over- year basis, the hardest hit metropolitan areas were Atlanta, Chicago, Miami, and Minneapolis, while home prices actually rose in New York City, and remained stable in San Diego and San Jose.  No

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There is not an “awful lot of point” in taking out short-term fixed-rate mortgages at current rates, one expert has claimed.

Ray Boulger, senior technical manager at John Charcol, explained that most Brits who choose fixed-rate mortgages opt for longer deals in an effort to gain “security” over their repayments .

According to a new report from unbiased.co.uk, the rate the average homeowner would be prepared to fix their mortgage at is 3.3 per cent.

This is despite current best buy deals for three-year fixed-rate loans hovering at around 5.1 per cent.

Mr Boulger observed that a 3.3 per cent average rate sounds “unrealistic”, though he acknowledged that it depends upon the length of the deal. Read more…

Certain areas of Arizona recorded higher sales of properties under bank foreclosures listings during 2010 when compared with 2009 levels. The number of foreclosure-related filings also decreased in some counties last year, but analysts cautioned that it is still too early to declare a recovery, no matter how small.

The number of properties under Gilbert foreclosure listings and distressed home listings in other areas of the state remained at high levels last year, giving the state the second highest foreclosure rate in the whole U.S. for 2010. However, some areas, like Tucson, were able to post positive numbers during the year.

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Housebuilder Barratt has united with Hitachi Capital to offer parents a new way of helping their children access the mortgage market .

To this end, the UK arm of the Japanese firm is offering an unsecured loan to parents of first-time buyers purchasing a Barratt home .

While the buyer still needs to find five per cent of the value of the property to put down, their parents can borrow the equivalent of 15 per cent to give a total deposit of up to 20 per cent.

Mark Clare, chief executive of Barratt Developments, commented: “We are genuinely excited about this tie-up with Hitachi Capital because it gives parents a low-risk way to reduce the size of the deposit which their children have to raise in order to buy a home of their own. Read more…

There are many people who want to buy a house. However, buying equates to huge amounts of money. They believe that they need to work very hard to get the house they’ve been longing for since they were young. But, you can save a lot of money if you decide to purchase a foreclosed house, mainly, searching through a list of HUD foreclosures. In Arizona, you can also find stunning houses at a Maricopa home auction list.

The fact is there are foreclosures for sale available all across the country. Some people would even participate in auctions such as Real Estate auction in Medford, Oregon to find good, cheap, livable ones.

Foreclosures might not rest well to some, but it can be good news to open minded potential buyers looking for a decent home that they can own instead of rent. F

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