compare and contrast - Loan Modification Forum

cactus77727 · 04-25-2009, 11:26 AM

How do you reconcile these two quotes from different news articles? Am I missing something? Apparently, Mr. Brown has NOT seen the loansafe website.

America's Most Foreclosure-Ridden Towns
Matt Woolsey, 04.21.09, 05:20 PM EDT
Forbes
In Queen Creek, Ariz., 40 miles from downtown Phoenix, boom-time buyers were looking for more space than they could afford in inner suburbs like Scottsdale where four-bedroom homes can reach over $1 million. In Queen Creek today, it's easy to find a four-bedroom, two-bathroom home bought in 2005 or 2006 for $250,000 to $275,000 now listed for foreclosure sale at between $70,000 and $80,000.

Queen Creek homes may signal turn-around
by Hanna Scott/KTAR (April 23rd, 2009 @ 8:43am)

A Canadian company is building hundreds of new homes just outside Queen Creek in what may be a sign that the Valley's housing market is ready to turn.
Valley housing analyst R.L. Brown said Mattay Homes' development is proof of what he's been saying: "The wind is beginning to shift for the new house market."
The market for resale homes, however, may take a while to hit bottom, said Brown.

04-25-2009, 11:26 AM	#1 (permalink)
cactus77727 Senior Member Join Date: Sep 2008 Location: Arizona Posts: 542 Nominated 0 Times in 0 Posts TOTW/F/M Award(s): 0	compare and contrast How do you reconcile these two quotes from different news articles? Am I missing something? Apparently, Mr. Brown has NOT seen the loansafe website. America's Most Foreclosure-Ridden Towns Matt Woolsey, 04.21.09, 05:20 PM EDT Forbes In Queen Creek, Ariz., 40 miles from downtown Phoenix, boom-time buyers were looking for more space than they could afford in inner suburbs like Scottsdale where four-bedroom homes can reach over $1 million. In Queen Creek today, it's easy to find a four-bedroom, two-bathroom home bought in 2005 or 2006 for $250,000 to $275,000 now listed for foreclosure sale at between $70,000 and $80,000. Queen Creek homes may signal turn-around by Hanna Scott/KTAR (April 23rd, 2009 @ 8:43am) A Canadian company is building hundreds of new homes just outside Queen Creek in what may be a sign that the Valley's housing market is ready to turn. Valley housing analyst R.L. Brown said Mattay Homes' development is proof of what he's been saying: "The wind is beginning to shift for the new house market." The market for resale homes, however, may take a while to hit bottom, said Brown.

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