investing: Tucson AZ Real Estate Market Report - September 2008
- 09/24/08 02:19 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)
investing: Buying a Foreclosed Home
- 07/24/08 12:19 PM
After two short sales fell apart, I had a client recently tell me that she was not going to try any more short sales, but was going to look at homes that were already foreclosed. She was experiencing the pain mentioned in What's So SHORT about a Short Sale. Arizona is 3rd in the nation right now in foreclosures so we see our share of bank-owned or foreclosed properties. The situation is pretty extreme in the Phoenix area, although we see our share of foreclosures here in Tucson as well. So how does buying a foreclosure differ from buying any other … (0 comments)
investing: Good News for Investors
- 01/25/08 02:48 AM
With so many short sales, REO and pre-foreclosure opportunities available, many people are either thinking of investing for the first time or are stepping up their investments. The great news is that the pricing of mortgages for investing has come down and is now very close to rates for primary homes (less than 6%). This makes for a fantastic opporutnity for those who have some money that they would like to see a good return on. Remember, though, that the bank will be approving not only your ability to pay, but the property's ability to produce income, so you will want … (0 comments)
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.
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.
;)
;)
