Daniel Wexler's (wexler) Blog

I call Arizona's last 10 years the real estate ‘gold rush' .... where for the first time home buyers thought of getting rich and making money on their own and a place to live was secondary. yes, a lot of money was made; and lost. However, let's remember the Top 5 reasons to buy a home. (the order...

Toll Brothers is having a Toll Brother's New Home Expo with great deals this weekendPhoenix area home builders are struggling to sell homes. There has been a 56% drop in New home sales from June 2007 to June 2008 according to R.L. Brown's housing report on the Phoenix area real estate market. The...

Today, Friday, the FDIC unveiled a plan that will help more than a million people stay in their homes and prevent foreclosure. According to Reuters  The Federal Deposit Insurance Corp plan to modify about 2.2 million home mortgage loans. Highlights: FDIC plan offers financial incentives for mortg...

America is not going out of business!! Although, for many , times are difficult; Especially, in terms of cost of living, available jobs and the housing market. However, we are still in the best economy in the world. People come to the United States to live, work and realize the "American Dream". ...

The number of homeowners facing foreclosure has exploded across the country. RealtyTrac reported that due to strict lending, no liquidity , higher unemployment and and overall struggling economy , domestically and abroad have let to a continued rise in homes being repossessed. This is no way to h...

I am not happy. We , the good paying US Taxpayer , was told by the Federal reserve that they would , or possibly would, use the $700 Billion bailout to buy bad debt. Thus, helping stabilize banking so they could begin borrowing money so they could lend. And, thereby help strengthen housing which ...

I work with a lot of real estate investors. One person, who has been exteremly successful, has shared with me his 3  real estate investing secrets explained. 1) Make sure that your primary residence is not an investment; it is primarily a place for your family to live. A home offers tax benefits....

‘predatory' lending with extortionate interest rates or loan products (think, option ARM's) contributed to shocking abuse of the banking system. The results of such lending practices has caused 266 major lending operations implode since the end of 2006; Most notably IndyMac Bancorp Inc  after wit...

credit tightening is forcing interest rates to go higher and money more scarce for buyers who are already struggling to obtain affordable loans. The Fannie Mae & Freddie Mac fallout It results is more expensive money, higher monthly payments making housing more expensive, not more affordable; fur...

Banks are becoming more aggressive in their attempt to freeze HELOC'sThose of you who read my blog regularly know that I have been calling to Ban all short sales. The amount of short sales in Maricopa County, which includes Phoenix, Scottsdale, Paradise Valley, Tempe, Fountain Hills, Tempe, Mesa,...