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Tucson Monsoon Season is over for 2009
That’s about it.
Tucson September Home Sales Drop
Monsoon Lots of Promises Not much Delivered
September does tend to be one of the slower months of the year for Tucson real estate. We are rapping up a long hot summer. We had 75 days of over 100 degrees this season. That’s a lot of heat with very little rain to go with it. School has begun meaning most families have made their moves for the year. It is too hot and early for the snowbirds to be coming in to look for their new nest. I think we will have a strong second home market this season. Last year there was a lot of fear over those nest eggs and many sat on them instead of investing in a second nest in Tucson.
It probably turned out to be a good wait. They can get more bang for their nest egg buck this year than last.
October 1 bring new Regs
October is like fruit basket upset when it comes to lender/mortgage regulations. A whole bunch of new regs go into effect today and it will take some time to figure out what effect these are going to have on the housing market. My suspicion, getting ready for these is part of what slowed things down in September. Government is very good at some hind sight and closing the door after the horse is out, or in this case we could say turning on the sprinklers after the house has burned.
Consumer Confidence Index
Since the media reporting on Government indicators can’t report the movements of the turtles till they move the information we receive is usually out of date before we get it. Kind of funny in the world of instant communication. It seems the recent reports are on old news of a lack of consumer confidence just as many are returning to buying Motor Homes and other items which are not considered necessities. These sales are reported rather quickly and fly in the face of the older data about the slowing of consumer confidence. Only Wall Street in their own bubble of existence seems to react to these turtle data streams with the exuberance of a school of fish fleeing from a shark in their midst.
Welcome to the Forth Quarter of 2009
Personally I’m glad to see it come. The first three quarters have been a challenge. The forth will have its own challenges but more rewards are slipping into the mainstream and while it probably will be a rough Christmas for retailers (Christmas are you kidding me, it isn’t even Halloween yet) it looks like the corner is turning slowly. So here we go. By the way, it is only supposed to be 89 degrees today and cooler tomorrow, I’m so ready for the forth quarter. Our best weather of the year is arriving and the celebrating is about to begin. Come on down to Tucson.
Nice roundup and outlook for the next quarter. It’s good to remind ourselves that while sales aren’t where they were before, there are still annual fluctuations that have nothing to do with the economy.