tucson market: My Listings are Selling - Tucson Real Estate Market - October 2008 - 10/21/08 07:30 PM
Happy Fall, everybody!! While we normally back off in terms of real estate sales at this time of year, 2008 is proving to be the exception to the rule, at least in Tucson, AZ. There are deals to be had and buyers seem to be more interested in getting a good … (1 comments)
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tucson market: 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 … (1 comments)
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tucson market: Tucson AZ Real Estate Market Report - August 2008 - 09/04/08 04:27 PM
So how's the market? That seems to be everyone's favorite response when they find out I'm in real estate. I appreciate the question because it means that people want to know from a local expert instead of relying solely on the media for information. The market was kind of blah for … (1 comments)
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tucson market: How Banks are STILL Contributing to the Declining Market - 09/01/08 02:36 PM
Did you know that banks are continuing to contribute daily to the declining market? Even though they have tightened their belts in terms of loaning new money, I see them squander their investors' money on a very regular basis. Here's how:
The Short Sale
At this point, short sales are about … (4 comments)
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tucson market: Tucson Market Experiences a Hiccup - July 2008 - 07/28/08 06:01 PM
For the past several months we have watched the Tucson real estate market slowly recover with the percentages of homes coming on the market decreasing (as compared to a year ago) while the percentage of pending contracts has been steadily increasing. This month, the market experienced a bit of a hiccup. … (3 comments)
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tucson market: 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 … (0 comments)
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tucson market: 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 … (2 comments)
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tucson market: Tucson Market Recovery Continues - April 2008 - 04/12/08 04:25 PM
For the last couple of months I have been predicting that the Tucson Real Estate Market is on its way to a recovery. The most recent numbers (March 2008) confirm that we are indeed headed in the right direction. From working in the market, I can also tell you to expect … (2 comments)
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tucson market: Tucson Real Estate Market Report - March 2008 - 03/24/08 08:28 PM
Ever since January of 2008, real estate agents in the Tucson area have been noticing that business is picking up. It turns out that the numbers are now starting to match our experiences out on the streets.
Median Sales Price
You may have noticed in the news recently that the median sales price … (1 comments)
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tucson market: Tucson AZ Real Estate Market Update - January 2008 - 01/22/08 10:27 AM
We are still hearing some doom and gloom forecasting from the national media, but here and there we are also beginning to hear snippets of positive reporting, especially in our local Tucson area. So what's going on? Are things really turning around? Let's look at the numbers.
Sales Volume
Comparing numbers in December … (0 comments)
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tucson market: 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 … (1 comments)
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tucson market: More Thoughts on the Bush Administration's Rate Freeze Plan - 12/08/07 10:02 PM
A few days ago, I made some comments about the new rate freeze plan based on the details that were out at the time. See Help on the Horizon for Sub-Prime Borrowers? Now that more details are known, I am a lot more skeptical about the positive effect that this plan … (6 comments)
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tucson market: Help on the Horizon for Sub-Prime Borrowers? - 12/06/07 01:13 AM
The problem with the housing market has certainly reached a crescendo in recent months and has gained the attention of the Bush administration recently. The current suggestion is to put a five-year rate freeze on sub-prime mortgages that are currently being paid on time at introductory rates, but are scheduled to … (31 comments)
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tucson market: Tucson Market Continues to Show Improvements - 11/15/07 11:32 AM
Although we are still hearing doom and gloom in the national media regarding the housing market, locally things are continuing to improve. The Tucson real estate market is still not where it was 2-3 years ago, but it is no longer in a decline either. Homeowners who have seen their values decline over the past … (2 comments)
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tucson market: How to Talk to Your REALTOR about Why Your House Isn't Selling - 11/01/07 01:36 PM
Here in Tucson, AZ, like the rest of the country, the market has slowed down and homes are taking longer to sell. Inevitably, I have had more than one person ask me why I think their home isn't selling. Unfortunately, these people have had their homes listed with another REALTOR. I … (3 comments)
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tucson market: Buyers!! Jump on in - the water is great! - 09/18/07 06:43 PM
Economic woes and a cooling real estate market have created the perfect situation for those interested in investing in real estate. Why? There are actually several factors contributing to the opportunity available now.
Note that for this discussion, I will be referring only to the Tucson real estate market. While markets around … (4 comments)
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tucson market: TUSD starts August 14th - Do you need to move by then? - 07/31/07 01:11 PM
The Vail School District has already started classes, but Tucson Unified School District (TUSD) doesn't start until August 14, 2007. That's a full two weeks away and I am offering to help you get into your new home during that time period. If that sounds overly optimistic, I am currenlty finishing … (4 comments)
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tucson market: Buying a Home in a Down Market - 07/07/07 05:58 PM
On its face, buying a home in a down market seems like a piece of cake. You just go in, make an offer and buy a home, right? Well, sometimes it is that easy but not always. We have been seeing headlines like Paulson: Housing 'at or near bottom', which can … (0 comments)
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tucson market: Selling a Home in a Down Market - 06/26/07 08:55 PM
For the past several years the housing market has been fast and furious. With interest rates at their lowest point in decades, many more consumers were able to become homeowners or able to buy more home for their housing dollar. However, many of those loans were adjustable and are now adjusting … (1 comments)
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