Canadians flock to Arizona for second homes - "We've always looked at Western Canadians as our feeder market," says Cambridge Properties broker Keith Mishkin. "They made up about 1% of our marketplace before, but that number has now doubled." At Corriente Residences in Scottsdale, Ariz., "Canadians make up about 10% of the buyers," Mishkin said. Canucks comprise the largest group of buyers there, after Arizonans, according to sales data, followed by buyers from Colorado, Illinois and California. More than 7,000 residential properties in Maricopa County list Canadian addresses as their primary residences.
http://www.walletpop.com/blog/2010/03/02/canadians-flock-to-arizona-for-second-homes/
HARP Receives a One-Year Extension - The Home Affordable Refinance Program (HARP), which was supposed to expire June 10, will be extended for another year. Since HARP began last April, it has refinanced 190,180 mortgages. The program is aimed at borrowers with little or no equity in their homes.
http://www.realtor.org/rmodaily.nsf/pages/News2010030201