Real estate in Alberta is recovering rapidly and will receive 500 million in budget support in 2013

Real estate in Alberta is recovering rapidly and will receive 500 million in budget support in 2013. Mike Orr, a real estate expert at Arizona State University, said that from 2011...

Real estate expert at Arizona State University, Mike Orr, said that from September 2011, real estate in Arizona began to stabilize, and in March 2012 After a strong monthly increase, the region's housing supply fell by 64% compared with last year, and the housing loss rate also decreased by 82%. He said that the rapid recovery of the housing market in such a short period of time shows that the Arizona real estate market is relatively volatile. The bankruptcy housing trend ended relatively early in Arizona compared to other states, which may also be the reason why the market here has recovered so early. Although there are strong signs of market recovery in Arizona, we also see some other signs. For example, the homeownership rate has reached a 15-year low, which means that many people have lost their home ownership in the bankruptcy wave.

In addition, there is good news worth paying attention to. On Tuesday, the Arizona State Court signed the 2013 government budget. Received a $500 million budget from National Loan Services to help families address their mortgage crisis. The money will be used to require banks to provide second loans to families on the verge of bankruptcy to reduce losses. Arizona's funds will also be used to increase enforcement and prosecution of mortgage fraud and to compensate for losses suffered due to mortgage fraud. Funds may also be used to fund housing counseling, bankruptcy assistance hotlines, bankruptcy mediation programs, legal aid, housing remediation projects, and related staff. For more real estate news, please contact Goldtrust Realty Tinna Tel: (480)287-0180 E-mail: goldtrustrealty2010@gmail.com