This should be good news for the U.S. mortgage market. If we strung a few months together like last month (September), the real estate market would be in trouble.
Leading U.S. banks have reportedly been meeting with U.S. Treasury officials about creating an up-to-$100-billion fund to stave off the danger that there could be a fire sale of shaky mortgage-backed securities, collateralized debt obligations and other distressed assets following the recent global credit crunch.
John Wake
Born in Phoenix, trained as an economist and now a licensed Realtor, John uses hard data from the real estate market to help his clients -- buyers and sellers of residential real estate -- uncover their best choices for finding the right home or finding a buyer for their current home.
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Recent Videos
Phoenix Real Estate Market Situation February 2012 - STAT
McCormick Ranch Home on the Park - UNDER CONTRACT TO BUYER
Arizona Mortgage Market Update
Quick Look at Desert Ridge, Arizona
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Thompson Peak Park in Grayhawk, Scottsdale AZ
Ultimate Phoenix Shadow Inventory Video
Arizona Shadow Inventory = 16 months (kinda)
Arizona Shadow Inventory of Foreclosures
Phoenix home sales HUGE


