With the beginning of August rolling on through, we are hoping to enjoy a great month of weather as we move forward towards Labor Day. We have had phenomenal weather this summer, our mildest summer in over 7 years. A lot of 80's and 90's type days....thanks to a great monsoon season.
Laura and I attended a seminar on FHA benefits and appraisals. One fact we gladly wrote down was noting that Green Valley was not a a still declining market, but had basically leveled out in price corrections. That was in a presentation from the Pima and Pinal county appraisers. That was unusal because the appraisers both agreed that Tucson was still in a declining market, while there were other areas that were in a default scenario. The FHA speaker was presenting the program that they have for reverse mortgages. The FHA programs max out at about $239,000. This is a fantastic way for people over 62 to use the capital equity in their homes to enjoy life or pay other outstanding bills and yet be able to maintain residency in their homes. For a government program, it holds quite a potential for the right candidates.
Our market showed a little over 900 listings for availability, as about 950 listings last year at this time. So the easing of inventory is a welcome sight. Last year at this time our mls had sold 680+ homes, while year to date we have sold about 520+ homes. Indeed, it is a little down from last year, but we seem to be leveling out. It is quite a beautiful summer, as with all the moisture it is truly "green valley". If any of you are interested in our area, please visit us at: www.greenvalleydreams.com or pick up the phone, email us and let us answer any quiestions you might have about Green Valley.
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