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Suite 700
Phoenix, AZ 85016
For Sale
View more documents from Adelman Realty Group.
Tuesday, December 15, 2009
New office address 2415 E. Camelback Rd Suite 700, Phoenix, Az 85016
2415 E. Camelback Rd
Suite 700
Phoenix, AZ 85016
Suite 700
Phoenix, AZ 85016
Monday, December 14, 2009
Urgency in advertising?
Thursday, December 10, 2009
Foreclosure Activity Slides but trouble may lie ahead
The terrible slide in the housing market may be close to ending. Realtytrac reports that foreclosure filings fell 8% in November compared to the previous month. November was the 4th straight month that U.S foreclosure activity has declined after hitting all-time highs in July 2009. Loan modifications and other prevention efforts along with recently extend and expanded home buyer tax credits are overshadowing the most prevalent symptoms of the US's ailing housing market----foreclosures and home value depreciation.
Recent data has shown that approximately 25% of all home loans are underwater. People with impending loan adjustments (option arms/Alt A Loans) do not have much incentive to keep their homes. Many of these will reset causing much higher monthly payments and find that their mortgage payments are too high for them to meet. High unemployment rates will continue into 2010 and could increase again if the retail season is weak which in turn will cause store closings and lay-offs. Credit access and weak consumer spending may contribute to more firings in the work force.
Look for interest rates to start increasing in 2010 due to the taxing effects of federal borrowing.
The slide in foreclosure activity wont last long. Many of the issues that caused high foreclosure rates have gone away but some are regaining momentum.
Stay tuned!
Recent data has shown that approximately 25% of all home loans are underwater. People with impending loan adjustments (option arms/Alt A Loans) do not have much incentive to keep their homes. Many of these will reset causing much higher monthly payments and find that their mortgage payments are too high for them to meet. High unemployment rates will continue into 2010 and could increase again if the retail season is weak which in turn will cause store closings and lay-offs. Credit access and weak consumer spending may contribute to more firings in the work force.
Look for interest rates to start increasing in 2010 due to the taxing effects of federal borrowing.
The slide in foreclosure activity wont last long. Many of the issues that caused high foreclosure rates have gone away but some are regaining momentum.
Stay tuned!
Wednesday, December 9, 2009
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