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Here is the place where the community gets together to talk about what matters most to them. If you have an article you'd like to submit that's related to our community you can submit your articles directly to info@85212.com. They will be reviewed and posted here. This is Your Community Connection, your input is valuable.

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Local Mesa Business is participating in MS bike ride
Author :: Samantha Slusser
Date :: Wed 03/10/2010 @ 08:27
MS BIKE RIDE: Physicians Physical Therapy looking for donations and support of the community



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Desert Ridge Player Wins National Home Run Derby
Author :: 85212 Administrator
Date :: Mon 01/25/2010 @ 08:21
Desert Ridge Baseball Player and Senior Travis Flores wins National Home Run Derby
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Community Holiday Lights List
Author :: 85212 Administrator
Date :: Mon 12/07/2009 @ 07:33

A List of Area Homes Decorated for the Holidays


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Home Buyer Tax Credit Expanded
Author :: The Kenny Klaus Team
Date :: Mon 11/16/2009 @ 09:28
Home Buyer Tax Credit Info
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Teach your Young Children to Share through Early
Author :: Bob Seifert
Date :: Thu 10/29/2009 @ 04:18

Add Article Summary...


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Wall Street Journal Real Estate News

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Helmsley Estate Sells Manhattan Hotel
The Helmsley Carlton House is being sold to a partnership between private-equity firm Angelo, Gordon & Co. and Extell Development for about $170 million.

WTC Development Talks Continue
Negotiations continued between developer Larry Silverstein and the Port Authority who are trying to resolve an impasse over the redevelopment of the World Trade Center site before a critical deadline Friday.

Fortis Sues Lender Kennedy in Debt Case
Kennedy Funding, a New Jersey lender to cash-strapped real-estate developers, has plenty of experience going after debtors who fall behind on their payments. But now it's Kennedy's turn to get squeezed.

European REIT Rollout at Hand
With European property markets beginning to recover from the market downturn and global recession, there are signs that the REIT revolution could be at hand.

General Growth Debt Bet Pays Off
A handful of investors dug to the bottom of the discount bin and snapped up General Growth's convertible bonds at three cents on the dollar. They now trade at 103 cents.

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Wall Street Journal Money & Investing News

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Traders Bet on Change in Fed's Language
Some investors think a pick up in U.S. economic activity will convince the Fed to hint at plans to raise the fed funds rate later this year by on Tuesday dropping a commitment to low interest rates for an "extended period".

Rally Is Tale of Wounded Stocks
The riskier end of the U.S. stock market is back in favor. That includes small stocks, stocks badly hurt by the financial crisis and those most dependent on global economic growth.

Wachovia in Talks Over Alleged Drug-Money Laundering
The Wells Fargo unit is in talks with the Justice Department to settle U.S. allegations that a failure in bank controls enabled Mexican exchange houses to launder drug money, according to people familiar with the situation.

Abu Dhabi Fund Reports Returns
The emirate's secretive Investment Authority, in its first annual review, reported an annualized return of 6.5% a year over the last 20 years.

No Need to Sound the Inflation Alarms Yet
U.S. manufacturing has staged an impressive rebound, but the improvement hasn't been evenly spread, with sectors heavily exposed to the ailing housing market still hurting.

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Wall Street Journal Most Read Daily News Articles

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Questions Arise in Prius Case
An investigation of the Toyota Prius involved in a dramatic incident on a California highway last week is raising questions about the driver's version of the event.

Microsoft Workers Hide Their iPhones
Microsoft employees are passionate users of the latest tech toys. But there's one gadget love that many at the company dare not name: the iPhone.

Higgins and Conway: Swing Districts Oppose Health Reform
Sobering poll news for 35 key House members.

Burlingame and Joscelyn: Gitmo's Indefensible Lawyers
Legal counsel to some of the detainees went far beyond vigorous representation of their clients. Doesn't the public have a right to know?

Test on Prius Is Inconclusive
U.S investigators said they can't yet explain what happened to the Toyota Prius that was involved in a dramatic incident on a California highway last week.

Google Set to Close China Site
The step would remove one of the last major foreign players from the world's largest Internet market.

Obama's Turn Against Israel
The U.S. makes a diplomatic crisis out of a blunder.

China Talks Tough to U.S. on Currency
Premier Wen Jiabao suggested that U.S. efforts to boost its exports amounted to "a kind of trade protectionism."

Arab Cuisine Invades Camp Pendleton
Denise Hazime had some reservations about opening the first Arabic food stand on the largest Marine base on the West Coast. But it turned out to be an appetizing idea.

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Daily Real Estate Blog from AZCentral.com

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Latest loan modification report card
More U.S. homeowners are receiving mortgage modifications, according to the latest report card on the program from the federal goverment.
The number of permanent modifications climbed to 170,000 in February from 116,000 in January, according to the U.S. Treasury Dept.
There's been criticism from housing advocates that many three-month trial modifications started by lenders have not been made permanent. It's clear from February's increase, Treasury was not pleased with the results and are pushing lenders harder.
Treasury reports another 91,800 permanent modifications have been approved by servicers and are pending borrower acceptance.
An addtional 72,000 new trial modifications were started in February.
The goverment is estimating these loan ...

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Another free workshop for struggling Arizona homeowners begins today
The HOPE NOW Alliance, working with the federal government's Making Home Affordable Program, are in Phoenix again hosting a free "Homeownership Preservation" event. It starts today and runs through tomorrow Friday March 12th.
A similar event was held at South Mountain High School last summer.Homeowners facing foreclosure can receive free housing counseling at the events.
 
The current workshop is being held at the Glendale Civic Center and starts at 1 p.m today and runs until 7:30 p.m. Tomorrow, the doors are open from 10 a.m. to 6 p.m.
The Civic Center is located at 5750 W. Glenn Drive in Glendale. 
If you attend the workshop, ...

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Arizona share of new federal foreclosure aid - $125 million
Of the $1.5 billion allotted by the federal government to help states hardest hit by housing bubbles that burst, Arizona will receive $125 million.
Arizona is one of five states to receive the money, all states where home prices have dropped more than 20 percent. The money was divided among the states based on drops in home values, unemployment rates and foreclosure figures. The four other states and the funds they will receive: California, $670 million; Florida, $418 million; Michigan $155 million; and Nevada, $103 million.
This money will supplement the $75 billion Home Affordable Modification Program, announced by Obama ...

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Arizona&#039;s share of new federal foreclosure funds
The Arizona Housing Department is waiting to hear how much of the $1.5 billion in additional foreclosure aid, announced by President Barack Obama in Las Vegas a few weeks ago, the state will receive.
The U.S. Treasury Department is supposed to announce this Friday (tomorrow) what share of the money each of the five states, including Arizona, hardest hit by foreclosures will get.
The Treasury Dept. is also expected to give the five states guidelines on how the money can be spent to help homeowners facing foreclosure. One way the Arizona Housing Dept. would like to spend the money is to continue to ...

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Pre-foreclosures on the rise again in Phoenix
Pre-foreclosures in the metropolitan Phoenix climbed in February, dashing hopes that the housing market is starting to recover from the crash.
In January, pre-foreclosures, known as notice of trustee sales, fell to their lowest level since late 2008. The significant drop had some housing market watchers hopeful more lenders were working with borrowers on loan modifications early on and more borrowers could afford their monthly mortgage payments.
But in February, there were 7,604 pre-foreclosure notices filed by lenders in metropolitan Phoenix, up from the 6,762 in January, reports the Information Market.
Foreclosures did fall last month to 4,271, from 4,452 in January. But ...

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Federal refinancing aid extended
The federal government has added a year to the Home Affordable Refinance Program, known as HARP.
 Part of the $75 billion housing aid package, HARP allows homeowners who are underwater, meaning they owe more than their house is worth due to falling home values, to refinance to a lower interest rate.
 Now, homeowners who owe up to 125 percent of what their home is worth have until June 2011 to try to refinance under the plan.
About 190,000 homeowners have been able to use the program to refinance so far.
The original limit was 105 percent, which helped very few Arizona homeowners. ...

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Arizona foreclosure help legislation
Arizona Democrats have introduced a package of legislation to help tackle the state's foreclosure crisis, and protect homeowners.
HB 2715 would give homeowners facing foreclosure another 60 days to work out a loan modification.
HB 27404 calls for allowing renters in foreclosure homes to stay in the house and continue to pay affordable rents, and homeowners who lose homes to foreclosure to remain as renters;
HB 2766 requires a landlord to give a renter at least 30 days notice if they have to move out of a foreclosure home
HB 2321 requires homes to be maintained during the foreclosure process.
HB 2739 creates a mandatory ...

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Phoenix home building slows as tax credit expiration looms
The federal tax credit for homebuyers boosted new home sales in metropolitan Phoenix last year. But now the expiration of the credit looms, and new home sales and building have slowed down again.
In January, new home closings in the Phoenix area fell to 479, the lowest level in decades, reports the Phoenix Housing Market Letter. Last November, Valley new home sales surged to 1,3124 as builders offered deals to rival foreclosure prices, and buyers rushed to take advantage of the tax credit. In December 2009, there were 956 new home sales.
Home building also slowed in January. There were 678 permits ...

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Phoenix-area home prices up in latest Case-Shiller index
Metro Phoenix home values inched up in the latest S&P/Case-Shiller 20-city home-price index. Between November and December of 2009, home prices ticked up 1.2 percent in the Valley, on a seasonally adjusted basis.
Overall, the 20-city index climbed 0.3 percent for the period. Phoenix was one of only five cities to post an increase in home prices. Los Angeles posted the largest increase, 1.4 percent.
Year-over-year, the Valley saw home values drop 9.2 percent on the index. While the data lags due to the time it takes to research home prices across the country, Case-Shiller is considered the best national index tracking ...

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Arizona to share $1.5 billion in new federal foreclosure aid
Arizona is one of five states that will split $1.5 billion from a new federal program aimed at helping regions hardest hit by home foreclosures.
President Barack Obama announced the new funds Friday in Las Vegas as part of a government push to reduce the number of homes falling into foreclosure by assisting unemployed homeowners and other struggling borrowers.
Because foreclosures damage home values and have been a critical factor in the collapse of the housing market, any recovery will have to be preceded by a slowdown in repossessed homes.
Almost a year ago in Mesa, Obama announced the $75 billion Home ...

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