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Phoenix AZ Luxury Home Sales

Phoenix AZ  September Luxury Home Sales

A developer, two doctors, an estate-planning attorney and a builder are among the buyers and sellers in this week’s priciest home sales.

$6,000,000.

Marcarco III, a limited partnership based in Delaware, paid cash for a four-bedroom, four-bath, 5,215-square-foot home originally built in 1958, with a 1,175-square-foot pool. The home sits on more [...]

Arizona Affordable Homes. Tax Credit Assistance Program

Arizona puts feds’ money to work building affordable homes

Arizona is receiving $66 million from the federal stimulus package to revive more than 30 stalled affordable-housing projects for families, seniors and the disabled.

The developments are expected to create at least a thousand homes for residents who cannot find housing they can afford, as well as at [...]

AZ Homeowners Have First Bid Before Investors

First Look aids Arizona home purchases

Arizona home buyers trying to tap federal funds to help them purchase foreclosure homes now may find it a little easier.

Mortgage giant Fannie Mae recently launched a program called “First Look” that bars investors from bidding on its foreclosure homes for the first 15 days that they go on the [...]

Madoff Beach House Sells Big

Madoff beach house sells big
The Ponzi swindler’s Montauk getaway goes to a mystery buyer for more than its $8.75 million list price.

NEW YORK (Fortune) — It looks like Fed chief Ben Bernanke is right in saying the recession is ending: Today, Tiffany’s & Co. advertised a $115,000 diamond and platinum bracelet in its page three [...]

US Housing Market Report. Housing Foreclosure Cloud

US Housing Market Report

Some clouds in housing report gain. Overall increase in starts is tempered by downturn in single-family component

NEW YORK (CNNMoney.com) — New home building increased overall in August, a government report said Thursday, but the gain was clouded by a dip in new construction of single-family homes.

The Census Bureau reported Thursday that builders [...]

FHA Propping Up Housing Market

Obama bolsters program that insures home loans.  More homebuyers depend on government-insured FHA loans and defaults are rising. Federal housing officials take steps to lower the program’s risk.

NEW YORK (CNNMoney.com) — With a growing number of homebuyers depending on government-insured loans, the Obama administration is taking steps to shore up the Federal Housing Administration program.

Rising [...]