Obtaining a home loan is going to get even more difficult.Lending guidelines are tightening almost daily for borrowers as the subprime-loan crisis spreads. Those higher-risk loans have just about disappeared as their default rates soar.Now, financing is getting tougher for all homebuyers.On Thursday, megalender Countrywide Financial Corp. had to take out an emergency loan to […]
It is truly hard to believe what has happened in Greater Phoenix over the past 5 years. While many Phoenicians were caught “flat footed” with the wave of out of state investors in 2004 and 2005 it appears that the real estate market has gone through a tremendous absorption of a huge investor sell-off. While […]