PMI Group index says Phoenix housing prices likely to continue falling

Posted by Admin on April 11th, 2008 under Fsbo

PMI Group index says Phoenix housing prices likely to continue falling
While the likelihood of falling home prices is easing up in some parts of the country, the risk of values dropping over the next two years remains high in the Phoenix area, according to PMI Group Inc.'s Spring 2008 U.S. Market Risk Index. (PMI)

Source: feeds.bizjournals.com

At NYC’s Plaza, Quest for $100 Million Sale
Italian businessman Luigi Zunino, who is in contract to buy an apartment at New York’s Plaza condominium, is already seeking someone to pay $100 million for it.
Source: online.wsj.com

Foreclosed Buyers’ Revenge: Trash the House
In Las Vegas, which is caught up in the foreclosure crisis, bankers and mortgage companies are often finding that by the time they get the keys back, embittered owners have trashed the house. They’re finding the best way to deter home rage is to pay people off.
Source: online.wsj.com

Meet the Foreclosure Specialists
Home sales are so slow that many real-estate agents are barely scraping by, but brokers specializing in selling bank-owned properties are thriving. And their bus tours of foreclosure hot spots are becoming common across the country.
Source: online.wsj.com

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