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market analysis: Tucson Real Estate Market - 2009 in Review - 01/27/10 08:22 PM
Short sales, foreclosures, and the First Time Homebuyer Tax Credit. All these factors have led to a very exciting 2009 and have stimulated activity in the real estate market. However, short sales and foreclosures have been a double-edged sword. On the one hand, they have offered some great bargains to buyers, but on the other hand, they have kept prices lower, causing problems for sellers and even limiting the pool of available properties for buyers who do not wish to purchase a distressed property. In a very real way, they are a self-perpetuating problem, but with the unemployment rate where it … (0 comments)
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market analysis: Tucson AZ Real Estate Market Report - September 2008 - 09/24/08 09:19 PM
Like the rest of the country, the Tucson Real Estate market has taken its share of lumps over the last year or so. However, we have been seeing a reduction in inventory over the past nine months, which is the first step towards a recovery. Will we continue this trend or will national economic woes along with the ongoing foreclosures have an ill effect on our market? Let's look at the numbers.
Note: These numbers are from August 2008 so we do not yet know what effect the current shenanigans on Wall Street will have on our local home buyers and … (1 comments)
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market analysis: Tucson Real Estate Market Report- June 2008 - 06/19/08 02:57 PM
Well, we have reached the dog days of summer, the time each year when I question my sanity for living in this sun scorched city. As I eagerly await the arrival of the monsoons and the cooling temperatures that they bring, I will take a minute to talk about what is going on in the Tucson Real Estate Market. I will compare numbers from May 2008 to May 2007 and will also talk a little bit about the change between the numbers from April 2008 and May 2008. My numbers are obtained from the monthly statistics published by the Tucson Association of … (0 comments)
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market analysis: Tucson Real Estate Market - Steady Progress May 2008 - 05/19/08 06:42 PM
As we enter the prime homebuying season this year, I see a lot of small improvements in the market but no drastic changes. This is probably a healthier way to recover than suddenly having tons of buyers snapping up properties right and left. That would be exciting, but would actually add to market instability rather than cure it.
I will be comparing the numbers for April 2008 with those of April 2007, but I will also compare April 2008's numbers with those from March 2008 so that you can see how things are changing in the short term as well as the … (2 comments)
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market analysis: Slow But Steady - Tucson Real Estate Market Analysis - 01/07/08 11:15 AM
While the national media still reports very bad news for the real estate market, our local Tucson market continues to stabilize slowly but surely. It is still a fantastic time for buyers because our inventory is still so high. However, I predict that within the next 12 months we will see that inventory dwindle and buyers and sellers will be on more equal footing.
The most recently released statistics compare sales in November 2007 with sales in November 2006. There are both good and bad components, naturally. Let's take a look.
The Good News
Comparing to November 2006, we have a slight increase in … (1 comments)
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market analysis: Tucson Market Shows Signs of Stabilization - 10/19/07 02:20 PM
Like other markets across the country, we here in Tucson are experiencing a large inventory, creating a great opportunity for buyers and investors. However, for the economic health of our community, it is better to have a "normal" market rather than a buyer's or seller's market.
The Tucson Association of REALTORS recently provided their sales statistics for the month of September, 2007. Remember that these stats include only homes that are listed throught the Tucson MLS. It does not include unrepresented sellers, commercial transactions or the majority of "new build" sales.
However, comparing to the same month in 2006 there are some … (0 comments)
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Robin Willis, Tucson's Expert Agent, Realty Executives
Tucson,
AZ
More about me…
Realty Executives Southern Arizona
Address: 1849 N Kolb Rd, Tucson, AZ, 85715
Office Phone: (520) 886-8282
Cell Phone: (520) 481-3695
Email Me
Tucson, AZ is a varied and exciting community to live in. Whether you are buying or selling a home, it's vital to have someone on your side who has the information pertinent to your area.
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