Tucson Real Estate Market
Arizona Daily Star Using Zillow For Reporting Source
I opened the “Arizona Daily Star” yesterday and I couldn’t believe what I was reading. A third of Tucson homes sold last year went for losses as foreclosures continued to drive down values in Southern Arizona, Seattle-based Zillow.com reported Tuesday Zillow being used as an authoritative data source is like using a quija board to predict the future.
Senate OKs $15,000 credit for home buyers
Stimulating The Real Estate Market This has been one of the biggest issues in trying to jump start the economy and get it back on the road to recovery. There have been a couple of programs already started.
Tucson Absorption Rates December 2008
There was a significant drop in the overall absorption rate for Tucson from November at 12.59 to December 9.84 Some of the areas of town showed marked improvement.
Tucson MLS Statistics for December 2008
We have put 2008 behind us and many bid it a fond goodbye much the same as they did 2007 with the hope the new year will be a better year. We shall see. We are 3 days away from the new administration being sworn in and I know there have been a lot comparisons to another administration a while back and the first 100 days. The clocks begins in 3 days.
Tucson Real Estate Dec. 2008 A Quick Peek
Snapshot of Tucson Real Estate comparing December 2007 to December 2008 Residential Closed Transactions. What the numbers tell us and how we got where we are today.
Tucson MLS 709 Closed Transactions December 31, 2008
Out with the bad air in with the good. Out with the bad air in with the good. Out with the bad Year in with the Good.
Tucson Real Estate Absorption Rates November 2008
More absorbent than a rubber duck. Able to hold more water than a grain of sand. Got the idea?
While there were fewer new listing than last year the number of closed transactions in November were the lowest in many years. This resulted in an overall increase in inventory of 8 more homes [...]
Tucson MLS Statistics for November 2008
Seems no one wants to write about real estate these days. Any guesses why this could be? You think it might have to do with the state of the real estate economy? Or is it just those Holiday blues making everyone lethargic.
It wasn’t the fact the figures for November were “Dismal”, which [...]
Tucson Az 5 Year Home Value Appreciation
The value of homes in Tucson have fallen over the past 12 months down -8.29. The quarter ending September 30, 2008 produced -3.89 if that total. But did you know that the value of those homes over the past 60 months, (5 years) have increased by +48.14%
Tucson Real Estate Absorption Rates October 2008
October took a step back from September. There was a shift overall in the areas where sales were the strongest for the month. The West saw a good pickup in activity while the East, Southeast and Central saw a slowing in sales. The overall rate increased by over a month but the [...]
Tucson MLS Statistics October 2008
Has anyone heard the one about the economy slowing? It is nice to see it finally slowing, after being in free fall for a couple of months now, slowing is a good thing. Yes, we are still falling but falling slower is a good thing. Ask anyone that has ever fallen, slowing [...]
Tucson Real Estate Absorption Rates September 2008
September 2008 turned out to be the strongest September since 1996 for closed transactions. Some areas showed much improvement while a few lost a little ground. Much of Tucson is below a normal market inventory.
Area
Sept Listed
Sept
Sold
Sept
AR
Aug Listed
Aug
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