Archive for August 7th, 2006

Phoenix Area Home Sales – 2nd Quarter Report 2006

  • Published: August 7th, 2006
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The Arizona Real Estate Center puts out a quarterly report documenting Phoenix area home sales. This is an excellent source for data: http://www.poly.asu.edu/arec/studies/annual/Sales%20Q206.doc

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The Safety Net That Never Was – Part IV

“THE GUY WITH A BOMB STRAPPED TO HIS CHEST” “House prices are set to drop in the US for the first time on record, US investment bank Goldman Sachs warned this weekend.” With that statement from a July 29 article [1], we all entered a different world. No longer can Joe Sixpack count on constantly increasing home equity to bail him out of his financial problems. Any significant nationwide drop in house prices will inevitably force many homeowners into default. From now on, investment in mortgages is going to get riskier. And it’s not just individuals who will be affected….
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