Mortgage And Real Estate News

Sunday, December 24, 2017

Housing Choice Voucher program fails to open doors for many renters

Marcella Landson set aside her Section 8 voucher and stared at the shaded map of Tempe, searching for the right neighborhood. They all seemed the same. She had come to find a home, but couldn't even figure out where to look. 

Read more... https://www.azcentral.com/story/news/local/phoenix-best-reads/2017/12/14/locked-out-section-8-housing-vouchers-fail-open-doors-low-income-renters/911767001/

U. S. new home sales skyrocket 17.5 percent in November, biggest jump in more than 25 years

Americans stepped up their purchases of new homes at the fastest pace in more than 25 years in November, with sales skyrocketing 17.5 percent amid robust demand and a continued shortage of existing homes on the market.


Single-story, unattached apartments offer house-like amenities

Metro Phoenix's apartment building boom has a different look in the suburbs. You might have driven by one of the new rental complexes and thought it was a new home subdivision.

Read more... https://www.azcentral.com/story/money/real-estate/catherine-reagor/2017/12/24/tiny-apartment-complexes-new-metro-phoenix-sparks-rental-trend/961893001/

Construction claws back from recession, 'new normal' still unclear

WASHINGTON – It was what one expert called "the mother of all booms."

Just over a decade ago, Arizona's construction industry was leading the country in residential and commercial building. People were waiting up to a year for a house, even as builders were throwing new homes up on spec for the residents who were flocking to the state.


Read more... https://cronkitenews.azpbs.org/2017/12/18/construction-claws-back-from-recession-new-normal-still-unclear/

10 years after the recession began, have Americans recovered?

It's been ten years since the start of the Great Recession.

That's an arbitrary anniversary, sure. But downturns need beginnings, and the National Bureau of Economic Research decided this one happened in December 2007, when employment peaked and started to head south -- for two long years.


Read more... http://money.cnn.com/2017/12/01/news/economy/recession-anniversary/index.html

Reuters: Business News

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