I’ve been too busy selling real estate this past week. I really hope to get them out tomorrow. : )

Glad you like mine.

Those areas would be XSW and XS in the report. There is a lot of territory in those areas so it will be a generalization at best. The legend is at : http://www.tucsonrealtors.org/documents/areaboundaries.pdf

I’ll start putting a link to a larger legend map on these reports.

Thanks

It doesn’t translate into lower prices when seller aren’t willing to accept lower prices.

Just answer this one question…

How does a huge supply of homes not translate into lower prices?

I understand everything you are talking about. It just doesn’t have any bearing on what we do or what I write.

I pay attention, but that’s not the point, We aren’t in the business of running the country, we are in the business of helping people buy and sell Tucson Real Estate.

Someone else is in charge of running the country.

683 sales for September was thin. YES. But in light of the mortgage industry and their ties to the market, it is understandable. Now we all wait and see what October’s number bring.

I’m sorry bobby joe, but your arguments are water thin. Arm chair the economy all you want.

For all the impact it has on the economy you might as well play monopoly.

I wish you the best in the future and hope at some point you can purchase a home, if not in Tucson somewhere in this country you will enjoy living.

I don’t have the will or the energy for debate. I have always tied to openly and honestly answer your questions. It is apparent you have your opinions and views and facts and reality will not change them. You are entitled to them. You should probably start a site of your own. You have access to a lot of data and it is apparent you are articulate like to write. I think you would like blogging about real estate and the economy. There is always room for one more in the blogosphere.

“As long as Helicopter Ben Bernake doesn’t debase my Savings account any further.” This is referring to the debasement of our currency by the FED Chairman Ben Bernake. It’s precipitous slide in value as compared to other currencies in recent months. Google: Dollar Slide

I have savings… I have around 10K in a CD @ 5.34% that matures every 6 months… Plus another couple $K in savings. I carry the debt for my credit score. I’m also eligible for a VA loan.

You don’t pay attention to what’s going on outside of Tucson do you? Things that ultimately affect your life… you don’t really care, eh? You should stop and look at the macro (which means Big) picture once in while. It will sharpen your thoughts on the micro scale.

How many Real Estate Agents are there in Tucson? 683 sales are awful thin for the entire area, no?

First the numbers are not wrong. They are the numbers out of the Tucson MLS, that is all they are and that is all they have ever been reported to be.

Second, John Strobeck reports on lots more data than the Tucson MLS records.

Third, if you are making 45k a year, and have no savings and 6k of secured debt. You will never be able to afford a home in Tucson.

You will really need to put away some savings to have a 20% down payment and enough cash besides to pay for closing costs.

All the reports in the world and the lowering of the housing prices by 50% won’t make any difference if you don’t have the down payment and the funds to cover closing costs.

I have more information than you do because it is my life. I work in the Tucson Real Estate Market. We work with real live buyers and sellers every day. This is the information I have, not some orange or green or red report or some statistical report skewed to represent a particular bias.

We are helping people that are buying homes to live in. We are helping people that have saved and invested and have the money to buy homes in Tucson because they are more affordable and a better investment for “them” than where they currently live. This is the difference. For you it is theory, for us it is day to day helping people who either have to buy or sell or want to buy or sell and we help guide them through the process.