Tucson Real Estate News

You buy them cheap, you sell them fast, and you get paid

Rusty House

Sounds like a lot of If’s and abouts to me. All that said it is possible and it seems this investor is making money, getting some homes off the market and out of the foreclosure lists. It also seems like Blackrock Inc. is working on doing this on a much larger scale according to the article.


Who Has the Better Credit Score?

This was a question posed:
“Which of these two have better credit scores on average — home buyers with higher or lower incomes?”
Great question, wonder why it took so long to ask it. The answer is:
“Inside the country’s fastest-growing home-mortgage program, the surprising answer is: People with lower incomes have slightly higher FICO scores. That [...]


Tucson Foreclosures Bad Omen

AZ Foreclosures

Really Do you believe what they are saying in the Arizona Daily Star?
Looks like things are really bad doesn’t it?
Looks like we should all board up our houses and go live in our cars.
When the real threat are the Giant Man Eating Hybiscus invading Tucson.
Read this and tell me which you think is the real [...]


Tucson When A Bad Omen Isn’t So Bad

AZ Foreclosures

I don’t usually write about foreclosures or rates of foreclosure. But I want to address the article that topped the business section of this mornings “Arizona Daily Star”.


Conventional Loan 25% Down The New Norm

Tucson Wildflower Chia

If 25% down becomes the norm a lot of potential buyers out there sitting on the fence that will be out of the market. Waiting for the house you have been watching to drop even further might not be an issue if you are planing on putting down a substantial down payment.


Monday Morning Moment 900 Closed Transaction Tucson MLS

brownie box camera

Just a brief update on this Tucson Monday morning.


Tucson MLS Statitics March 2008 Garbage In Garbage Out

Stack of Million Dollar Bills

It is call GIGO for short. Right now it is an issue with the Tucson MLS Statistics.


Tucson Real Estate News Today

Tucson Golf shack

Everyone associated with National real estate seems to be quoting and commenting on the report released by NAR on the state of homes sales across the country.
The ”Tucson Citizen” titled their article this morning (like many others) “Home sales rise, prices fall” The regional breakdown provides a better detailed look at how the numbers fall.
“By region of [...]


Tucson MLS Statistics for January 2008

The February 2008 clock is ticking down. We have had some fun over at the Tucson AZ Real Estate blog counting up the closed transactions for the month of January and the trickle in approach to getting data in the system for reporting purposes. The threat of a fine up to $15,000 seems to impacted a few, but not enough.


Tucson Real Estate Tracking February 2008 Closed Transactions

Tucson Closed Transactions Feb 1 - 18 2008

I’ve not only been following the additional closed transactions being added to the January total, which by the way is now at 613, I’ve also been tracking the closed transactions as they go into the Tucson MLS System for February as well.


The Other Door of the Mortgage Barn About to Close

Mortgage Barn

Kenneth Harney in his weekly column carried in the Arizona Daily Star business section on Saturdays brought to light for many of us the upcoming changes in the coverage offered or I should say not even offered in certain circumstances. Here is a quote from the article.


Tucson MLS January 2008 Sold Statistics (Preliminary Report)

Tucson MLS Major Effort to get Accurate & Timely Data
I mentioned a few days back there is a new policy implamented at the Tucson MLS regarding Status Changes of Listings. This included the change from Pending to Sold. The fine can be up to $15,000.
Being at the end of the month I logged [...]