Tucson Real Estate News
$8000 First Time Home Buyer Tax Credit
In the stimulus bill passed by the House the credit was raised to $8,000 and it doesn’t have to be paid back.
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
If you’re new here, you may want to subscribe to my RSS feed. Thanks for visiting!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 [...]
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 [...]
