Californians are no longer the region’s biggest group of out-of-state buyers.
Now, the dominant group of out-of-state buyers is from outside the country. Canadians bought 405 Phoenix-area houses in April, according to the Information Market.
About one-fourth of the people to buy homes in metropolitan Phoenix during April weren’t from Arizona.
Californians purchased 368 Phoenix homes. Buyers from [...]

The federal tax credit helped new home sales across metropolitan Phoenix increase enough in April to beat last year’s pace.
There were 823 new home sales in metro Phoenix last month, reports the Phoenix Housing Market Letter. That compares to 789 in April 2009. It’s the first month this year that new homes sales have topped last [...]

Discovery Triangle, metro Phoenix’s urban-redevelopment experiment, lost a city when Scottsdale pulled out last month.
But supporters quickly redrew the project’s boundaries and are moving forward with plans to create a regional business, housing and recreation hub to draw new companies and residents as well as supporting those already there.
The triangle, stretching between Phoenix, Tempe and [...]

A new study from Movers.com found Arizona ranked no. 8 for the number of people moving in and out of the state during 2009.
California ranked no.1 one with the most moves, according to the online relocation site. That state’s population remained flat because about the same number of people moved in as moved out.
Arizona’s moves [...]

In April, another 68,000 U.S. homeowners worked out permanent loan modification deals with their lenders, according to the latest report from the U.S. Treasury Department.
That brings the total to about 300,000 homeowners receiving permanent loan modifications. April’s rate is a 13 percent increase from the number of permanent loan modifications in March.
But a problem among [...]

Downtown Phoenix’s evolution, thanks to Arizona State University’s newish campus in the area, will be the topic for the next Urban Land Arizona event.
Former Dean of ASU’s College of Design, Wellington "Duke" Reiter will lead the discussion "Town Gown: Past, Present & Future of ASU Downtown Campus." He led the campus’s development before leaving to [...]

Real estate analysts are beginning to question what impact Arizona’s controversial new immigration law will have on Phoenix’s housing market.The new law could soon be factored into real estate forecasts for the region, just like employment and foreclosure figures. How Arizona residents and out-of-state home buyers react to SB 1070 could drive population trends.
Mike Orr, who [...]

The Arizona Housing Department’s plan for spending $125 million in federal funds to slow foreclosures includes building a website, where homeowners can apply for the aid.
The state agency had planned to use this address, savemyhomeaz.gov, but those plans may change. There are several for-profit sites run by real estate firms with similar names, which is confusing some [...]

A bill to require landlords to give tenants of an Arizona foreclosure home at least 30 days to move out has been signed intolaw.
HB 2766, sponsored by Rep. Barbara McGuire, D, requires a landlord to provide tenants with a written notice at least 90 days before the trustee or foreclosure sale date of the home. [...]

About $2 million in federal funding is available to renovate apartment complexes that have been foreclosed on in Arizona.
The Arizona Housing Department is accepting applications for the Neighborhood Stabilization Program funding.
The money is available for the "redevelopment of foreclosed rental housing projects that must be vacant and/or blighted and service persons at or below 50 percent of area [...]