Arizona is one of the states hit hardest by the housing slump.
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The Phoenix housing market has seen the third worst price decline over the past year, trailing only Las Vegas and Miami.
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The East Valley Tribune reports from Arizona. “Less than two years ago, Gilbert homeowners Tim and Kris Koster moved to the East Valley and shelled out $433,000 for a five-bedroom home. They recently heard a similar-sized home in the area sold for nearly $130,000 less. Looking back, it was the worst possible time to buy […]

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The Rocky Mountain News reports from Colorado. “After years of easy money, when people in the lending industry joked that all you needed was a pulse to get a loan with a low, initial teaser rate, lenders have returned to making sure borrowers are qualified to make payments. ‘Some of my loan officers I have […]

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OK, so the real estate bubble has landed, popped, evaporated. I get it already. I don’t need to keep hearing this. I was reformed.

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