We all know this is just a preliminary report awaiting the official report from the Tucson Association of Realtors Multiple Listing Service. Its nice to know up front though what we may expect. The information in this report is what is available as of August 31, 2007. I double checked July’s sales and the reported sales did increase slightly to 1,131.
I believe that home sales will fall short for the second month in a row from the numbers I predicted months back. With all the hype on the media about the American Home Mortgage and First Magnus some buyers have become hesitant. The serious buyers have moved forward. The bottom hasn’t fallen out of the market, but, the speed bumps sure have gotten bigger. Some of the actions in the market over the past week or so are attempts to get the market back in the right direction. Time will tell whether these efforts will work. All that is a totally different article. So, we’ll just leave it at that. READ MORE