Tucson Real Estate Absoption Rates July 2008
I’m going to chalk this up to the lazy crazy days of summer. I wrote more on this in yesterdays post on the Tucson MLS Statistics for July 2008.
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Tucson Real Estate Absoption Rates June 2008
The overall absorption rate for Tucson in June was 7.88 months
The absorption rates improved for most of the Tucson areas in June. Some of the areas are actually showing a lower than normal inventory. The inventory for June dropped to 8,140 for all of Tucson and two area have just over 5 months [...]
Tucson Good News and Bad News for the Local Housing Market
Good news and Bad news in the Local Real Estate Market
No Photo Saturday
I know you like pictures but this is a quick post
as we head to Phoenix for Island Fries and Burgers
Check out the link for a picture of a really good burger
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This might have been a good article title but it is a very twisted way [...]
Tucson MLS Residential Closed Transaction June 2008 Snapshot
There are two more days for Closed Transactions to be entered into the system before stats will be pulled or a fine incurred for late entry. I know many of you following the Tucson Real Estate Market are wondering what June is going to be like considering the continued lose of consumer confidence in the economy and the cost of crude oil now topping over $143 a barrel, at least that is what I heard this morning.
Hummer Hip A Status Symbol Turned Pariah
Here in Tucson I think we have more than our share of Hummers and I’m not talking about the kind which fly around the yard fueling up on nectar from flowers. I still see them around town, quite a few of them actually. It looks like the one above is headed out of town.
Tucson Lost Home Equity
Once again Kenneth Harney has cut through the retoric to the heart of a matter. He has been a weekly read of mine for some time. It is a column I look forward to reading every Saturday in the Arizona Daily Star business section. Yesterday’s column tackled and Lost Home Equity that has been in the media reported in the billions of dollars of lost equity value.
Tucson Real Estate Absorption Rates May 2008
Here is the absorption rate table for showing April and May 2008 Absorption Rates. As you can see some areas are doing quite well while others are still struggling to get under the 11 months of inventory mark. However, it appears overall we are moving in the right direction. Down from the [...]
Tucson MLS Closed Transactions Pass 1025 for May 2008
Just a quick update on how the Tucson Real Estate Market faired for May 2008. It looks like Average and Median Sale Prices are going to be reported lower than April. Pending contracts appear to be up, New listings down slightly and Active listings under 9000 for the month.
A Tail of Two Tucson Real Estate Articles
Two articles, same author, same newspaper, Tucson Real Estate the topic in both. But different styles in communicating the information. I decided to talk about this with “The Dog”.
Tucson Real Estate In The News has a New Theme
If you were hanging around this blog this weekend you might have seen several different looks when you got here. Some of the time it was broken slightly, other times it was broken badly. One theme which was getting rave reviews for the way it looked, was extremely under cooked.
Winter Weather Returns to Tucson this weekend
Winter weather? Well winter weather here means anything between 50 and 80 degrees. But, it is unseasonably cold this weekend. We woke up in the low 50’s and it is only 66 degrees outside as I write this. If I wanted to sensationalize the weather the way the media does the [...]
Tucson Real Estate This is our Market
This is our market. It is what it is given all that has and is occuring in our country economically. New Home Construction is tied to Mortgage even more than it is tied to new construction. If buyers can’t get financing to buy a house then builders can’t sell them.
