Phoenix Foreclosures Continue To Fall
In a new report released by data research firm Core Logic, the foreclosure rate in Phoenix has continued to fall.
Mortgage Broker Accused of Down Payment Scheme
A Phoenix area mortgage broker is being sued over allegedly manipulating FHA down payment requirements. The Lending Company, Wells Fargo Funding and RJ Reynolds are all named as defendants in the class action suit.
Homes Are Getting Bigger
Homes are getting bigger. Does that mean the housing market is getting stronger? Newly released data from the U.S. Census Bureau shows homes are growing in size. In fact we may see a high water mark in 2012. According to this article, homes are typically built smaller in times of economic downturn and larger during times of prosperity.
Facebook Acquires Face.com
It appears Facebook, in its attempt to preserve its standing as the preeminent social media behemoth, has acquired yet another tech company. Face.com, a company devoted to face recognition software, has been purchased by Facebook for an undisclosed sum.
Arizona #3 in Construction Job Growth
The latest data from the Bureau of Labor Statistics shows Arizona enjoyed the 3rd highest spike in construction job growth in May, trailing only Texas and California.