
Most people still purchase a house to be their home. They don’t buy for the short term investment. They buy for a place to live as a family even if it is a family of one. Is it an investment? Of course it is, but it is my home first.
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Most people still purchase a house to be their home. They don’t buy for the short term investment. They buy for a place to live as a family even if it is a family of one. Is it an investment? Of course it is, but it is my home first.
However, we do have the ability to use something called “Logic”. It doesn’t get used much these days. Logic has become the ancient scroll of reason that have been buried in pop culture. I hope someday it’s star will shine again.
If you need something to worry about, go for it. I don’t think it is a big issue. The Seller Dumping didn’t happen, the dumping of REO homes on the market causing Sale prices to plummet is another thing I don’t see happening.

Competing with your own Comps is one of the reasons a bank would go to the trouble of fixing up a home getting it ready to live in before putting it on the market.
The one thing that jumped out at me in the year over year comparison was the Average Sale Price. It was UP for the first time since Feb. 2008 over the previous year.
Only Reporting on the 9 Tucson areas, not the 13 Areas covered by TAR MLS Statistics Report
$209,033 Average Sale Price
$150,00 Median Sale Price
Market Update: Jan 2013
Last Updated On: Feb 8
806 Closed Transactions
103 Short Sales
254 REO Sales
$187,515 Average Sale Price
$149,000 Median Sale Price
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