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As I have said previously the market in picking up speed in many areas but what sub-markets of Tucson are doing best? Here is what I see across the Tucson market. 1) Oro Valley- The housing market here has changed in the past 6 months. It used to be that you could find pretty solid [...]
I have been following the market closely for years and I can easily say without question is the first week of January 2012 I have seen more activity from the buyers then almost any week I can remember since 2005. Every Realtor that I know that understands the market is saying the same thing which [...]
Tucson’s best and also most expensive single family residential development ever built is back on the market this time priced at $15.9M. Previously Campbell Cliffs (as the property is well known in Tucson) had been listed most recently at $22M in January of 2008 before being taken off of the market for the past almost [...]
There’s a new program out that is pretty good for first time buyers on a budget looking to get a nice home. The program is the Pima County Land Trust. These homes are foreclosures purchased by Pima County (most are within Tucson) the homes are then fixed up to like new standards and placed on [...]
I have been representing quite a few clients with children attending the University Of Arizona purchasing U of A Homes this year. Due to real estate prices in Tucson having come down so much, parents of University Of Arizona students can now purchase a home for almost the same it would cost to rent a [...]
For the first time in a long time it seems like buyers continue to come into the market and actually buy property in Tucson. The numbers indicate this as active listings are down, absorption rate (the stat that tells you have balanced the market is between buyers and sellers) is UNDER 6 months right now! Last year it was [...]
Real estate prices in Tucson dropped 4.53 percent from July to August, and they have dropped 1 percent from August to September this year. Interest rates remain around 4 percent or even a little lower, so if you’ve been renting for awhile and plan to stay in Tucson, this may be a good time to [...]
Rates to buy a home are as low as I have ever seen due mostly to several things all equating to investors buying bonds that in turn push down mortgage rates (it pushes down the rates of anything that has to do with interest being calculated actually). Right now a 30yr FHA fixed (fixed for [...]
Lennar is rolling out a new type of home with floorplans for parents and grown children, or grown children and parents to be able to live together each having essentially private master bedroom suites with private living areas. New home builders are currently struggling to find buyers as they simply can’t compete with foreclosure homes [...]
I haven’t been writing much on the blog lately but have been selling a lot of properties and for those that don’t watch the Tucson real estate market everyday the numbers and values are very low. Basically it’s simple if you are renting (even an apartment) for the most part you can buy a home [...]