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Arizona Arizona Real Estate News Blog; October, 2007 Archive

Boom, Bust in Area Beset by Foreclosures

By Art C Ryter at 10/06/07 22:17

Relates numerous tales of disappointment and deception in the failed housing market in Phoenix, Arizona. Many speculators and legitimate home buyers from California and Nevada descended on Phoenix to buy new home construction that was rising in price thousands of dollars a week. Now, there are hundreds of vacant homes, many foreclosed on with no relief from refinancing or better terms in sight.

Original source: . [404 Check: was link to http:/ / news. yahoo. com/ s/ ap/ 20071006/ ap_ on_ re_ us/ leaving_ homes, anchor: Boom, Bust in Area Beset by Foreclosures]

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Arizona Tags: real estate • foreclosure • foreclosure refinance • subprime •
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Arizona Arizona Real Estate News Blog; October, 2007 Archive

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