Jay Luber, president of Phoenix-based Galaxy Lending, is a veteran of Arizona’s mortgage market. His thoughts and advice for borrowers:… Read More

The Obama administration on Monday announced long-awaited details of an expansion of a program that helps homeowners refinance to reduce their payments. Mortgage rates have fallen to record lows, and many homeowners would save hundreds of dollars a month if they could reduce the amount of interest they pay. But the housing crash has created… Read More

However, today’s devastating market is exasperated by factors that are not typical. A look back at past cycles will help to understand why today’s downturn is so different, and why it is taking longer for the market to rebound.… Read More

With our economy largely based on home building, Phoenix was particularly hard hit, as were areas of Florida, Nevada and Michigan. Although devastating, economic downturns are a normal part of the growth cycle and I am confident that Phoenix will recover soon as we diversify.… Read More