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By The Cascade Team Real Estate | Broker in Issaquah, WA
  • Chandler, AZ - Housing Market Update

    Posted Under: Market Conditions in Chandler, Home Buying in Chandler, Home Selling in Chandler  |  December 7, 2012 4:22 PM  |  777 views  |  No comments

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    Daily Real Estate News | Friday, December 07, 2012

    Extending tax relief on debt forgiveness is “a high priority,” HUD Secretary Shaun Donovan said at a Senate Banking Committee hearing Thursday. His remarks come at a time when buyers are being drawn back to the housing market thanks to low mortage rates and other factors.

    Prices are rising because the number of foreclosures is declining and underwater borrowers are getting a break, as banks slash the balances of thousands of mortgages and let home owners sell for less than the value of their loans rather than go into foreclosure.

    Source: “Housing Recovery Depends on Slashing Mortgage Debt,” CNBC.com (Dec. 6, 2012)

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