Wednesday, May 14, 2008

Fannie To Aid Underwater Loans

Home resales rise in W. Valley as prices are slashedfrom The Arizona Republic, reports that according to a report from Arizona State University, home sellers in the West Valley have slashed their asking prices up to 30 percent since February, and the price cuts are spurring sales in Surprise, El Mirage and Goodyear. Jay Butler, director of realty studies at ASU’s Morrison School of Management and Agribusiness, said although home resale activit[...]

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[Source: The Money Blogs]

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