Written on January 20, 2011 by Brooke Wardlaw
The number of people who bought previously owned homes nationwide last year fell to the lowest level in 13 years. But sales in December jumped to their fastest pace in seven months.
The trend was the same in Utah, where sales were weak for the year, but showed signs of strength in the final month, the Salt Lake Board of Realtors reported Thursday. An estimated 806 existing homes and condominiums were sold in Salt Lake County in December, down from 886 in December 2009, but up from 742 in November 2010.
The National Association of Realtors says sales dropped 4.8 percent, to 4.91 million units in 2010. That was slightly lower than 2008, which had been the weakest level since 1997.
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Written on January 16, 2011 by Rose Ryrie
Tucson purchased roughly 18 acres of land just north of Tucson International Airport to build a 32-million-gallon reservoir.
The money for the $2.3 million purchase came from the city’s Capital Improvement Program budget, said Fernando Molina, a Tucson Water spokesman.
The entire renewable water project – which will provide a backup for the Hayden/Udall Water Treatment Facility in Avra Valley – has an estimated cost of $130 million and is on a 10-year schedule for completion.
“These expenses have no impact on the city’s general fund,” Molina said. “All operations and debt repayment are funded through revenues received from water sales.”
The parcel was purchased as an end-point storage reservoir for water from the Central Arizona Project, Molina said.
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Posted in Real Estate Notes | Comment Now!
Written on January 16, 2011 by George Geoghegan
The last option that most financially troubled people choose to work with is bankruptcy. Bankruptcy is a thing which helps the person to get rid of huge debts, but it also leaves black marks on his/her financial history and limits him/her in achieving full financial freedom. Understanding bankruptcy might be a difficult thing for many people and one possible reason for it is its strict conditions.
Not all people are in genuine need of filing for bankruptcy, most people misuse bankruptcy. The Bankruptcy Abuse Prevention and Consumer Protection Act of 2005 made bankruptcy more difficult by implementing new alterations in the procedure of filing for bankruptcy. Full article…
Posted in Mortgage Help | Comment Now!
Written on January 16, 2011 by Rose Ryrie
A recent article in the LA Times expresses opinions of the fates of several key cities where the housing bubble fully burst.
Irvine Home Address … 97 STREAMWOOD Irvine, CA 92620 Resale Home Price …… $209
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Written on January 16, 2011 by George Geoghegan
Learning how to pay a mortgage off early can provide you with a lot of financial flexibility in your life. By eliminating your biggest payment, you are going to be able to do a lot of different things with your income. Here are a few strategies that you can use in order to pay off your mortgage early.
Refinancing
Refinancing is often looked at as one of the biggest problems that people have when it comes to paying off their mortgage. Typically, people refinance in order to get cash out of their homes or take advantage of a lower interest rate. However, you can also refinance your mortgage into a shorter loan term if you want.
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