Nation’s Building News, Week of August 13 – Age-Qualified Adult Housing Has Some Growing Up to Do
The aging of the baby boomers and the rising share of the U.S. population comprised of people who are 55 or older suggest room for significant growth in age-qualified active adult housing, but so far that segment of the marketplace hasn’t reached its potential, according to a special study by NAHB housing analysts Paul Emrath and Helen Fei Liu.
http://www.nbnnews.com/NBN/issues/2007-08-13/Front+Page/index.html
Seeking Alpha, August 12 – Home Price Indexes Showing No Signs of Recovery
S&P’s recent home price data indicates the continuation of bleak conditions in the real estate market. With May 2007 data available, the S&P Case-Shiller Home Price Indexes marked their 18th consecutive decline in annual growth rate; the trend has persisted since December 2005.
http://seekingalpha.com/article/44222?source=i_email&u=36629
San Fransisco Chronicle, August 12 – Storm Clouds for Builders
For California’s home builders, it has gone from a perfect storm to a pathetic one.
http://www.sfgate.com/cgi-bin/article.cgi?f=/c/a/2007/08/12/RET6R9MD4.DTL
The Arizona Republic, August 9 – Foreclosure notices in Gilbert take 240% leap
Foreclosure notices in Gilbert and Ahwatukee Foothills jumped 240 percent in the first six months compared with the same period a year earlier, as more homeowners struggle to afford the higher-priced homes in these communities.
http://www.azcentral.com/news/articles/0809gr-foreclose0809.html
East Valley Tribune, August 8 – Housing dip triggers Agritopia price cuts
As Gilbert’s Agritopia community nears buildout on its first phase, even the niche subdivision is feeling the recent housing-market downturn.
http://www.eastvalleytribune.com/story/94707
Fox11AZ.com, August 7 – Some outer suburbs in metro Phoenix hit hard by foreclosures
Most of the foreclosures in metropolitan Phoenix are in the farthest flung neighborhoods where buyers had gone to get the most house for their buck.
http://www.fox11az.com/news/topstories/stories/kmsb-20070806-apjc-hithardby.9e0d45e.html
East Valley Tribune, August 6 – Queen Creek, Pinal hit hard by foreclosures
Most of the foreclosures in the Valley are in the farthest flung neighborhoods where buyers had gone to get the most house for their buck.
http://www.eastvalleytribune.com/story/94584
Arizona Daily Star, August 6 – Luxury home sales healthy despite real estate downturn
Much of Tucson’s residential real estate market might be in the doldrums —but the view from the top looks just fine, according to local industry observers.
http://www.azstarnet.com/business/195182 Seeking Alpha, August 1 – A Look At U.S. Home Price Performance in 20 Markets
The S&P/Case-Shiller home price indices have quickly become a go-to guide for residential real estate valuations across the country. We’ve been covering the indices over the past few months, and below we have updated our data to include the most recent numbers (May ‘07) released today.
http://usmarket.seekingalpha.com/article/43181The Arizona Republic, July 31 – Ellman buys 1,860 acres in Goodyear
Valley developer Steve Ellman bought 1,860 acres in Goodyear, picking up a multimillion-debt for infrastructure that the seller could not pay.
http://www.azcentral.com/business/articles/0731swv-ellman0731-ONL.html
ForeclosureS.com July 2007 Report: Houses Lost up 27% Over June
Mortgage defaults and foreclosures continue at an alarming rate nationwide, swallowing up home ownership dreams for tens of thousands more Americans every month.
http://home.businesswire.com/portal/site/google/index.jsp?ndmViewId=news_view&newsId=20070806005310&newsLang=en
Seeking Alpha, July 31 – U.S. Foreclosure Filings Shoot Up – RealtyTrac
U.S. foreclosure filings surged 58% in H1 2007, with California skyrocketing 170% and Florida up 77%, according to foreclosure data company RealtyTrac Inc.
http://seekingalpha.com/article/42905?source=i_email&u=36629
The Arizona Republic, July 31 – Foreclosures soar in Arizona
The fallout from the country’s real-estate slump continues to reverberate in Arizona and across the nation as more homeowners and lenders turn to foreclosure to solve their financial woes.
http://www.azcentral.com/arizonarepublic/business/articles/0731biz-foreclosures0731.html
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Kendall E. Matthews, CRMC
Phoenix, Arizona Investment Real Estate
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