The Phoenix residential real estate market could see a 10% or greater drop in home sales with the elimination of down payment assistance tied to Federal Housing Administration (FHA) loans, which would have serious repercussions given the market’s already challenging climate.

Nestled in H.R. 3221, or “The Housing & Economic Recovery Act of 2008,” passed into law on July 30th, the Congress and the President set a date of October 1st for the elimination of down payment assistance, a financing option for many home-buyers in the Phoenix real estate market.

Down payment assistance is provided in tandem with a Federal Housing Administration loan whereby home-sellers can contribute monies through an intermediary toward a down payment for home-buyers to purchase a home. The intermediary acts as a pass-through for seller contributions and passes these monies to the buyer as a ‘gift.’ Ameridream Inc. and Nehemiah represent the most visible of these intermediaries and have been involved in several legal challenges with FHA over the down payment assistance option.

But the hard truth is that elimination of these programs may adversely impact the Phoenix housing market and do more harm than good in the short term. This is due to FHA loans and down payment assistance programs’ prominence in the current housing environment. FHA loans haven taken on a hugely important role in the Phoenix residential real estate market. As loan programs disappeared, credit requirements tightened, and down payment requirements rose to 10% or more, FHA loans presented the only option for home buyers to get into properties with 3% or less down payment through the use of DPA. Some estimates are that FHA loans currently represent over 50% of closed residential real estate transactions for the year. As a result, the wholesale removal of down payment assistance programs may have an immediate impact.

If the legislation holds, the market may see two developments. First, there will be heightened activity in the period up to October 1st as affected home buyers seek to lock into homes before they get sidelined and aren’t able to. Second, there will be an appreciable decline in buyer activity and home sales as a result of down payment assistance’s elimination after October 1st. Buyers who could have purchased homes will have to wait or give up their search.

Phoenix could see a 10% or greater decline in an already suffering housing market that potentially moves it away from a market that is recovering to one that is stinging. Taking this one step further, if the impact is similar in other markets across the country, the effect on the broader economy of the United States may be problematic.

The Federal Housing Administration as part of the Department of Housing and Urban Development is staunchly against the use of the programs citing that down payment assistance transactions incur a disproportionate number of foreclosures when compared to loans where the buyer accumulated the down payment. Higher FHA loan defaults raise the costs and risks to FHA. FHA cites that homeowners using these programs are able to buy their homes with effectively no money down and so have no personal stake in the properties themselves. With no personal stake, the buyers may not have the personal financial discipline to keep their commitments or the financial wherewithal to afford the properties in the first place.

Proponents counter that the programs simply allow viable and qualified buyers the ability to own their own homes and that elimination of the program will hurt American families.

Regardless of the side of the debate one is on, the market reality is that wholesale elimination of the down payment assistance option does present a risk to the Phoenix housing market. as it has been an important and prominent enabler for the local housing market. Time will tell if a viable compromise solution is put before the Congress and the President before down payment assistance goes completely away.

Holidays form a very important part of our lives because they recharge our batteries and refresh us completely. The only thing that can lighten us up and invigorate our spirit to work and live life dynamically is a holiday. Not just that, a holiday is something that helps us better understand the place we are visiting; there may be so many things we wouldn’t have known about the place if not for the visit. Most of all, it helps us build memories, which stay with us and probably never fade away until we become extinct. Furthermore, holidays bring us back on track and help us keep the momentum going once again with a new, rejuvenated and vibrant spirit. As humans, it is highly essential for us to take regular breaks from packed and hectic life schedules and enjoy the precious moments that a holiday brings about.

The travel guide can simplify the planning part of a holiday. It gives information pertinent to the destination and its various features. For instance, if you are planning a trip to Goa and you want to know the major tourist attractions, the answer can be got by looking up in a travel guide. Not only that, a travel guide also contains information about the various hotels that are located in the particular destination. For tourists, travel guides have come very much in handy and have helped in developing an understanding towards the various aspects about destination that is being visited. Referring a travel guide is a trend that is widely followed these days.

Travel guides are often documented by travel agencies. Since they deal with helping people enjoy their vacations in different places round the world, these agencies have an in depth knowledge about major and minor tourist destinations. Travel agencies are the best way to obtain travel information and the attractive aspects of a particular place you want to visit. Travel agencies also suggest places that can be visited on the basis of your preferences and priorities. The travel information about a particular place is provided by travel agencies and these agencies also take care of transport and accommodation services. Travels agencies have tie ups with the hospitality industry, both working in mutual coordination in order to promote their own services and increase their brand value. So remember, if you decide to go on a holiday to a particular place, approaching travel agencies is the best option since these agencies provide full travel information of the place you’d be visiting.

Traveling round the world is an exciting prospect and provides something very different when compared to visiting different places in your native country. For one, the culture is completely different and so are the people. Interacting with locals in a different country is as exciting as visiting the attractions there. You can travel world round and enjoy the sights, the cuisines and the wonderful locales which foreign countries can provide. A good source of information about international destinations is travel world magazine. The travel world agencies also give detailed information about the most sought after tourist attractions in the world.

Gold is perhaps the most precious metal that is available today. It is a luxurious metal that only few can afford nowadays owing to the very high gold prices. Even though gold is such an expensive metal that only few people can afford, it really hasn’t been replaced by any other metal. People still seems to save up as much as they can when it comes to buying gold jewelry for themselves. Jewelry is very popular among ladies and it serves as a very good gift item as well. In this article we will be discussing the suitability of gold rings to be given as gifts to someone close to you and to someone who you feel is really special and important in your life.

When you have decided that you want to give gold ring as a gift, there are a few things you need to understand. First of all, there is not just the simple yellow gold from which gold rings are made. There is white gold and rose gold which can be chosen as well. Rose gold, we think, is a good choice for the ladies because it has a pinkish touch to it. It couldn’t be more suitable for any woman since the color pink is also associated with women. White gold on the other hand, is a metal that is commonly known as platinum as well. It has a very glossy shine and looks somewhat like silver, although both the metals are worlds apart.

Keeping in mind the purity of the gold rings for women is also important when selecting one as a gift to give away. Never choose a ring that has been gold-plated because once the plating comes off, the ring loses its shine and its glamour. If you cannot afford a gold ring, you could give away an older one or have a new one made from an older gold ring. Gold rings for women or any kind of gold jewelry for that matter, are never made out of pure 100% gold. Some other metal is always mixed with the gold to make its stronger. The carats that are mentioned on the ring give you an idea of how much gold has gone into making the ring. If you’re gifting a ring something above the 15 carat mark would do because the higher the carats, the more gold has been used in making the ring.

When you’re giving away gold rings for women, make sure you keep a check about the allergies that the lady you are giving the ring to, has. If they suffer from any allergies of gold, it’s best not to give them a gold ring. Perhaps something else would be more suitable. If you’re looking to make the ring more sentimental, you can also have the rings for women, custom-made. You can have a ring made according to your own design and have something of sentimental value engraved on the ring. It could be a date, a name or even a quote; whatever you think is suitable. If you want to spend extra dollars on the ring, you could even have stones fitted into or onto the ring. This will cost you more, but it will definitely add to the look of the ring. A beautiful ring, placed in a nice ring box is sure to lighten up any lady’s mood. Gold rings for women are the perfect gifts to give away if you can afford to give it.

For thousands of years, physicians have been aware of the health/medicinal benefits of garlic. But, today, the popularity of garlic supplements is related primarily to decades of research concerning the health benefits of garlic in lowering cholesterol, thus improving the health of the heart and possibly reducing the risk of heart disease. While no one disputes that there are numerous genuine health benefits of garlic, the most recent research conducted by the National Center for Complementary and Alternative Medicine (NCCAM) casts doubt on garlic’s cholesterol lowering effect and its benefits to heart health.

Over a period of six months, 169 people with moderately high levels of LDL or bad cholesterol were given three different formulations of garlic supplements. The trials were double blinded, randomized and conducted using placebo controls. Older research supporting claims of the benefits of garlic to heart health were not always conducted in this manner. Some research was conducted using laboratory animals. Some research was not blinded or placebo controlled, meaning that researchers or participants knew they were receiving actual garlic supplements. The problem with non-blinded studies is that the results are sometimes skewed towards what the researchers want or expect the results to be, plus, the placebo effect is well documented. When a person believes that they are receiving a product that will help their condition, any substance will return positive results 10-20% of the time.

NCCAM research concerning the cholesterol lowering benefits of garlic supplements was also controlled so that no other changes in diet or exercise regimens were made, because the primary question is whether or not garlic supplements alone actually have a beneficial effect on LDL cholesterol. If the NCCAM results are accurate, then garlic supplements have no effect on LDL cholesterol levels. Thus, the benefits of garlic to heart health may have been overstated by previous researchers or simply blown out of proportion by the media and supplement companies.

The undisputed health/medicinal benefits of garlic are mostly related to a component known as allicin, which is released when fresh garlic is crushed. Louis Pasteur, the father of modern antibiotics, noted garlic’s antibacterial activity in 1858. It was used to prevent gangrene during World Wars I and II. Other health benefits of garlic include the treatment of various infections, such as upper respiratory infections, fungal infections and infection with intestinal worms and parasites. The garlic must be fresh and crushed in order to be effective. The allicin is lost if garlic is cooked.

A San Francisco party bus can be an excellent transportation choice for a wide variety of activities. Instead of renting a traditional limo, you can kick the party up a notch with more space and entertainment. Most buses include amenities like a sound system, plasma televisions and plenty of comfortable seating. These ten events are the perfect opportunities for chartering a party bus.

Club Hopping
Bay area party bus drivers know all the hot spots in the city, and they will help you make the rounds. Most bus services will offer club hopping packages that will include entry to two or three clubs along with plenty of onboard entertainment in between.

Bachelor/Bachelorette Parties

Give the bride or groom a night to remember with a party aboard a San Francisco party bus. You can add your own refreshments and entertainment.

Weddings

Get your wedding party to the church on time in extreme style. A party bus can provide extra time for the wedding party to spend together and add another memorable element to the special day.

Concerts

A party bus makes it easy to see all your favorite entertainers. The bus will pick you up at your front door and drive you right to the front of the arena or concert hall. After the concert, your driver will be ready and waiting to keep the party going on the way home.

Sporting Events

The tailgating is on the bus, and what a party it is! You avoid the hassle and expense of crowded parking lots, and those plasma televisions onboard come in quite handy for catching the pre-game shows.

Birthdays

Have a big birthday coming up? A San Francisco party bus can get you to your destination in high style. If you prefer, party onboard while your driver gives you a unique tour of the city.

Prom

There is simply no better way to impress the senior class than by showing up to your prom in a Bay area party bus. This party on wheels can be the perfect way to start and end your special night and parents can rest assured that kids will make it home safe and sound.

Graduation

That graduate worked really hard to get where he or she is today. Why not reward them with a special trip to the graduation ceremony? Afterwards, a San Francisco party bus can be the perfect way to make the graduation party rounds.

Family Reunions

Get the clan together by hopping aboard a party bus to take you to the reunion site. You can book a Bay area party bus big enough to hold the entire crowd so that everyone gets to the reunion together.