Tucson Real Estate News
The Difference between Staging and Stuff
There is a difference. The quickest way to tell the difference. Staging Enhances the property, Stuff Detracts.
$8000 First Time Home Buyer Tax Credit
It doesn’t have to be paid back. But, the window of opportunity is closing for the $8000 first time home buyer tax credit. All purchases must be made completed by November 30, 2009.
Foreclosures for Pima County ONLY 9000 – Good News
The headline in today’s (newly shrunk) “Arizona Daily Star” ” The number of local homes entering foreclosure last year was almost 9000 and they’re dragging down home prices.”
Tucson MLS Statistics September 2008
August came and disappeared before I even wrote a detailed look at the Statistics. I didn’t realize this till I set out to create the Stats table for September. August was a very decent month and September was even better compared to year over year and month over month.
Tucson MLS Statistics Sept 08 [...]
What’s Happening September 30, 2008
It’s not a bailout it is the Emergency Economic Stability Act
I never prefer the media spin on what is going on, period. The selling of the Emergency Economic Stability Act as some kind of fat cat bailout is just one example. There are plenty of negative opinions to be found everywhere about this [...]
Feds Fuel Fannie and Freddie
The Four F’s for Today
Yes, the BIG NEWS! for the economy and the housing industry is the take over of Freddie Mac and Fannie Mae. I hesitate to use the word “takeover” but it almost seems appropriate.
No one really knows what this means yet. In the Sunday Business section of the Arizona Daily [...]
You Thought Mortgage Fraud Was Over Think Again
It seems the downturn in the housing market has done more than cause cracks in stucco. Since the mortgage industry meltdown last August there have been tighter and tighter restrictions on the Mortgage industry in an effort to curb fraud. I for one thought it must be better now.
After reading Kenneth Harney article titled “Despite [...]
US Housing starts hit a 17 year low
Home and apartment construction nationwide fell in July to its lowest level in more than 17 years.
The US Commerce Dept. report shows that construction of single-family homes in July fell by 2.9 percent from the previous month to a pace of 641,000. That is the lowest mark since January 1991.
If you are a builder or [...]
Back in Tucson with More Real Estate News to Share
I’ve been on the road for the past two weeks. I still have kept in touch reading the daily Arizona Daily Star email headlines updates. There have been a few changes in the past two weeks and the Tucson MLS Statistics for July were released in my absense. I’ve printed those out and hopefully will [...]
Tucson Foreclosures Short Sale REO Bank Owned July 2008
There they are; all the buzz words of Real Estate these days. After seeing the headline “Foreclosures more than double here” in the Saturday, July 27, 2008 Arizona Daily Star I decided I wanted to see for myself where all this stacks up in the Tucson MLS system.
According to an aside on the front page [...]
How Big is the Housing Crisis
How Wide Spread is it Across our Country
How Big indeed? This doesn’t mean there isn’t one. It means the aunt hills have been made into an entire mountain range, not just a mountain. Fear, misinformation and the economy as a whole drive much of the media and the fear they have instilled. Now it is [...]
Tucson Real Estate Urban Legend
Too Many Zero Can A Legend Make
I wrote earlier this week about waiting for a data fix in the Tucson MLS. Back on July 3, 2008 a property was set to closed tranaction with a sale price of $95,500,000. I knew when I saw it that was too many zeros as the end of the [...]
