Blog
UofA Tucson Home Sold in 4 Days!
Put the home on the market near the UofA in Tucson, Arizona and had the property under contract in 4 days with a cash buyer. Had the home closed and money in the seller’s hands in 15 days! Looking to buy or sell a home give us a call!
Arizona Foreclosure Process Timeline
From time-to-time, I work and help clients that are facing foreclosure in Tucson. I help them avoid foreclosure by keeping their home or selling their home pre-foreclosure to avoid having a foreclosure on their record. Let’s face it life happens and people are stuck in a challenging financial situation and cannot afford to make their mortgage […]
Arizona Landlord Tenant Law and Regulations
How much may I accept as a security deposit? A security deposit may not exceed an amount greater than one and a half month’s rent. However, a separate refundable pet deposit in addition to the security deposit may be permitted if the tenant voluntarily agrees. Am I required to register my rental property? It is […]
How To Get Good Renters Without Spending Lots Of Time
I have been investing in residential single-family rental homes and multi-family rental properties for 25+ years and have made lots of mistakes over the years. Through those mistakes, I have learned how to have the best chance of finding good renters without spending lots of time or money. We manage our own rentals and do not have have […]
Tucson Arizona Housing Market Update February 2018
Highlights of Tucson’s Residential Housing Market for February 2018: *** Watch the video below *** Each month the Tucson Association of Realtors® Multiple Listing Service comes out with Tucson’s monthly housing report. The numbers are out for the Tucson residential housing market report for February 2018. In February 2018, the Tucson housing market showed signs of […]
Top 20 Tucson Real Estate Agents on Social Media in 2018
Social media has always been a moving target for me. I have struggled with social media as to whether it is the best use of my time and have been careful to not get sucked into the rabbit hole of social media as something that is a time vampire and takes away from production and […]
Land For Sale… North East Tucson 10 Acre Platted Lot For Sale
ARE YOU SERIOUS? 8 PLATTED LOTS FOR HOW MUCH? $59,375 a LOT IN THE TANQUE VERDE VALLEY! Check out the video below that shows off this awesome 10-acre parcel of land in the Tanque Verde Valley. Yes, you read it right! 10 ACRES / 8 PLATTED LOTS. Hard to find CR1 lots in the […]
6 Benefits of Home Ownership
There are tons of wonderful benefits of home ownership. Below are 6 benefits of home ownership. BENEFIT of HOME OWNERSHIP #1: HAPPINESS The feeling of owning your own home is unmatched. You can fix it up, make it your own, get a dog, or plant a tree if you want. Doesn’t that sound exciting BENEFIT of HOME OWNERSHIP […]
Seller’s Roadmap – 8 Steps to Selling Your Tucson Home
Selling a home can be a simple process if you have a real estate professional guiding your steps along the way. We can get your Tucson home sold fast and for top dollar. Professional photos are key to selling a house fast and for the highest price. We will higher a professional photographer to take awesome pictures of […]
Tucson Arizona Housing Market Update January 2018
Highlights of Tucson’s Residential Housing Market for January 2018: *** Watch the video below *** Each month the Tucson Association of Realtors® Multiple Listing Service comes out with Tucson’s monthly housing report. The numbers are out for the Tucson residential housing market report for January 2018. In January 2018, the Tucson housing market showed signs […]
eXp Realty Tucson… What Is All The Hype About eXp Realty?
Attention Tucson Real Estate Agents What is All the Hype About eXp Realty? eXp Realty is the first The Agent-Owned Cloud Brokerage® that offers real estate agents revenue share and stock in the company. Take 5 minutes out of your day to watch the video below… It could change YOUR real estate business! If after watching the video […]
Tyler Ford Joins eXp Realty in Tucson | Opens Executive Office Space
Tucson, Arizona – WEBWIRE – Wednesday, Feb 7, 2018 I am happy to announce I have joined eXp Realty! Jeff Hannan and I are opening an executive office suite for eXp Realty agents in Tucson, AZ. Below is a link to a press release: https://www.webwire.com/ViewPressRel.asp?aId=219982 Other related links: Who is eXp Realty For Agents eXp Realty Tucson Office Space
1309 N Venice Avenue, Tucson, AZ 85712 – 4 Plex For Sale – Central Tucson
Very UNIQUE centrally located 4-unit property. Single family home w/ 3-plex for a total of 4 units. Main house is 1,317 sq ft, 3-plex is 1,498 sq ft, additional under roof activity room/office 968 sq ft for a total of 4,483 sq ft under roof. Upside potential to heat & cool 968 sq ft increasing […]
Tucson Arizona Housing Market Update December 2017
Highlights of Tucson’s Residential Housing Market for December 2017: *** Watch the video below *** Each month the Tucson Association of Realtors® Multiple Listing Service comes out with Tucson’s monthly housing report. The numbers are out for the Tucson residential housing market report for December 2017. In December 2017, the Tucson housing market showed signs […]
Tax Reform As It Relates to Real Estate Heads to the President
Lawmakers in the House and Senate passed tax reform legislation today, paving the way for the bill to go to President Donald Trump for his signature. The President has said he intends to sign the bill by Christmas. Last-minute changes to the bill include the following improvements: • Capital gains exclusion. In a huge win for […]
Rents Are On The Rise In Tucson: Don’t Get Caught In The Rental Trap!
There are many benefits to homeownership in Tucson, Arizona. One of the top benefits is protecting yourself from rising rents, by locking in your housing cost for the life of your mortgage. Don’t Become Trapped A recent article by Apartment List addressed rising rents by stating: “Rents are up 2.7% year-over-year at the national level. […]
Dawn to Dusk Arizona Mountain Bike Race
Pictured above Tyler Ford, Tucson cycling Realtor, @ Down to Dusk Arizona 2017 As December rolls around in Arizona, we are so lucky as most other states across the country are cold snowy. Not many places in the US where you can be outdoors riding your bike in a short sleeve jersey mid-December. My wife […]
Tucson Arizona Housing Market Update November 2017
Highlights of Tucson’s Residential Housing Market for November 2017: *** Watch the video below *** Each month the Tucson Association of Realtors® Multiple Listing Service comes out with Tucson’s monthly housing report. The numbers are out for the Tucson residential housing market report for November 2017. In November 2017, the Tucson housing market showed signs some […]
Tucson House Sold Customer Review
Whenever I represent a client who is either selling a house our buying a house a report card is mailed out to my clients by our customer care team. Getting feedback from clients I serve is so important to learn from each transaction. I recently had a listing I sold that I worked really hard to […]
Tucson Arizona Housing Market Update October 2017
Highlights of Tucson’s Residential Housing Market for October 2017: Each month the Tucson Association of Realtors® Multiple Listing Service comes out with Tucson’s monthly housing report. The numbers are out for the Tucson residential housing market report for October 2017. In October 2017, the Tucson housing market showed signs some signs of slow down as we […]
The Loop Bike Ride in Tucson, Arizona
Pima County and the City of Tucson have been hard at work putting in tons and tons of paths along the washes of Tucson, AZ called The Loop. Being an avid cyclist and growing up riding my bike in Tucson, it has been awesome to see Tucson transpire into a bike-friendly community. Especially as Tucson […]
Tucson Arizona Housing Market Update September 2017
Highlights of Tucson’s Residential Housing Market for September 2017: *** Watch the video below *** Each month the Tucson Association of Realtors® Multiple Listing Service comes out with Tucson’s monthly housing report. The numbers are out for the Tucson residential housing market report for September 2017. In September 2017, the Tucson housing market showed signs […]
Tucson Real Estate Offers Time Tested Investment Strategy
A long career in real estate has taught me about the amazing opportunities that exist in real estate investing. I have always said that investing in real estate is a time-tested investment strategy. It worked for your father (or mother), and his (or her) father, and it can work for you, too. “If you are […]
Should I Buy a Home Now in Tucson, AZ? Or Wait Until Next Year?
Are you contemplating buying a home? If interest rates rising and home values increase what is the impact it could have on a house purchase in Tucson, AZ? What to buy a home can cost your thousands of dollars over the life of your loan! Check out the infographic below as to the impact of […]
Tucson, Arizona Housing Market Update August 2017
Each month the Tucson Association of Realtors® Multiple Listing Service comes out with Tucson’s monthly housing report. The numbers are out for the Tucson residential housing market report for August 2017. In August 2017, the Tucson housing market took its normal summer slow down and pulled back slightly from the highs of late spring. Tucson remains […]
Tucson, Arizona Housing Market Update July 2017
Highlights of Tucson’s Residential Housing Market for July 2017: *** watch the video below *** Each month the Tucson Association of Realtors® Multiple Listing Service comes out with Tucson’s monthly housing report. The numbers are out for the Tucson residential housing market report for July 2017. In July 2017, the Tucson housing market took its […]
Buyer Demand Continues Outpacing The Supply Of Homes For Sale
The price of any item is determined by the supply of that item, as well as the market demand. The National Association of REALTORS (NAR) surveys “over 50,000 real estate practitioners about their expectations for home sales, prices and market conditions” for their monthly REALTORS Confidence Index. Their latest edition sheds some light on the relationship between Seller Traffic (supply) and Buyer […]
The Importance of Getting a Home Warranty When Buying a House
WHY EVERY PERSON BUYING A HOME SHOULD GET A HOME WARRANTY If you are buying a home there are so many benefits as to why you want to get a home warranty. Or if you are a seller you can get sellers coverage while your home is listed for sale as protection for certain items […]
How Do Rising Home Prices in Arizona Stack Up Against Other States?
Recently there has been a lot of talk about home prices and if they are accelerating too quickly. As we mentioned before, in some areas of the country, seller supply (homes for sale) cannot keep up with the number of buyers who are out looking for homes, which has caused prices to rise. The great news […]
Tucson Housing Market Update June 2017
Highlights of Tucson’s Residential Housing Market for JUNE 2017: *** watch the video below *** Each month the Tucson Association of Realtors® Multiple Listing Service comes out with Tucson’s monthly housing report. The numbers are out for the Tucson residential housing market report for June 2017. In June 2017, the Tucson housing market showed signs […]
The 5 Greatest Benefits Of Home Ownership
Recently, Freddie Mac reported on the benefits of home ownership. According to their report, here are the five benefits that “should be at the top of everyone’s list.” ONE: Home ownership can help you build equity over time. TWO: Your monthly payments will remain stable. THREE: You may have some tax benefits. FOUR: You can take pride in ownership. […]
Tucson Housing Market Update May 2017 Continues to Show Signs of Strength!
For highlights of Tucson’s residential housing market for MAY 2017: *** watch the video below *** Each month the Tucson Association of Realtors® Multiple Listing Service comes out with Tucson’s monthly housing report. The numbers are out for the Tucson residential housing market report for May 2017. In May 2017, the […]
How Much Tucson Home Can I Afford Based On Interest Rates
When buying a home in Tucson, Arizona consider the impact interest rates have on the affordability of homeownership. In 1985 interest rates were at 12.22%… to keep you mortgage payment below $1,000 a month you would have been able to afford a home that cost $95,550. If you compare 1985 to today… interest rates are […]
If Your Tucson, AZ Home Hasn’t Sold Yet… Definitely Check the Price!
The residential housing market has been hot in Tucson, Arizona. Home sales have bounced back solidly and are now at their fourth highest pace over the past year. Demand has remained strong throughout spring as many real estate professionals are reporting bidding wars with many homes selling above listing price. What about your house? If your Tucson […]
What Would You Sacrifice to Save For Your Tucson, AZ Next Home?
It is no fun to buy a home and have a big chunk of your income go to your monthly mortgage payment. When buying a home in Tucson, AZ think about making some sacrifices to save for a bigger down payment lowering the amount you finance. When saving for your next home in Tucson what […]
Investing In Tucson, AZ Real Estate With Your Self Directed IRA
As you know, the Tucson real estate market has had some big up and down swings. So why not take advantage of Tucson real estate opportunities with your IRA and set up a self directed IRA to do so? Recently all over Wall Street Journal, New York Times, and countless other publications there have been […]
5 Features of a Profitable Investment Property in Tucson, Arizona
You’ve probably heard the horror stories about people who buy a property for investment purposes, and then that property turns out to be a huge money pit rather than a money-making asset. It can certainly happen, but it doesn’t have to if you keep in mind these 5 features of a profitable investment property in […]
#1 Reason to List Your Tucson, AZ House for Sale, NOW!
If you are debating listing your Tucson, AZ house for sale this year, here is the #1 reason not to wait! Buyer Demand Continues to Outpace the Supply of Homes for Sale The National Association of REALTORS’ (NAR) Chief Economist Lawrence Yun recently commented on the inventory: “Last month’s dip in closings was somewhat expected given […]
Tucson Window Repair – Shameless Plug
I recently had one of my listings get broken into and realized how lucky I was to have Danny Abbot of Bella Window and Door on my team of vendors that I work with. Also super lucky that a neighbor did their part in scaring the intruders off and reporting something suspicious to me and […]
A Millennials Guide to Buying a Home in Tucson, Arizona
If you are a millennial in Tucson, Arizona and interested in home ownership reading the guide below about buying a home is worth the read. The Millennial Generation is the largest generation in United States history. According to the US Census Bureau: “[Millennials] born between 1982-2000, now number 83.1 million and represent more than one-quarter […]
Tucson Residential Market Update April 2017
For highlights of Tucson’s residential real estate market for April 2017: *** watch the video below *** Each month the Tucson Association of Realtors® Multiple Listing Service comes out with Tucson’s monthly housing report. The numbers are out for the Tucson residential real estate market report for April 2017. In April […]
Gallup: Real Estate is Best Long-Term Investment 4 Years Running
Every year, Gallup surveys Americans to determine their choice for the best long-term investment. Respondents are given a choice between real estate, stocks/mutual funds, gold, savings accounts/CDs, or bonds. For the fourth year in a row, Real Estate has come out on top as the best long-term investment! This year’s results showed that 34% of […]
Do You Know the Cost of Waiting to Buy a Home?
Some Highlights: The “Cost of Waiting to Buy” is defined as the additional funds it would take to buy a home if prices and interest rates were to increase over a period of time. Freddie Mac predicts that interest rates will increase to 4.8% by this time next year, while home prices are predicted to […]
Casa Real Townhomes – 7831 E Baker Street, Tucson, AZ – Fix Up Town Home Before and After
I recently bought a town home in desirable Casa Real which is located near Speedway and Pantano. The town home was is need of a full remodel. We gutted the entire town home and did a complete remodel. The list of things we did were: Removed popcorn from ceiling and re-textured ceiling. Painted the […]
The Impact of Home Ownership on Family Health
The National Association of Realtors recently released a study titled ‘Social Benefits of Homeownership and Stable Housing.’ The study confirmed a long-standing belief of most Americans: “Owning a home embodies the promise of individual autonomy and is the aspiration of most American households. Homeownership allows households to accumulate wealth and social status, and is the […]
Is the Current Pace of Home Sales Maintainable?
There are some experts questioning whether the current pace of residential home sales is maintainable. Are too many people buying homes like in 2004-2006? Are we headed for another housing crisis? Actually, if we look closely at the numbers, we can see that we are looking at a very healthy real estate market. Why the […]
Your Tax Return: Bring it Home
This time of year, many people eagerly check their mailboxes looking for their tax return check from the IRS. But, what do most people plan to do with the money? GO Banking Rates recently surveyed Americans and asked the question – “What do you plan on doing with your tax refund?” The results of the […]
Tax Return Depressing? Owning a Home Could Help!
Many Americans got some depressing news last week; either their tax return was not as large as they had hoped or, in some cases, they were told they owed additional money to either the Federal or State government or both. One way to save on taxes is to own your own home. According to the […]
Tucson Residential Market Update March 2017
For highlights of Tucson’s residential real estate market for March 2017: *** watch the video below *** Each month the Tucson Association of Realtors® Multiple Listing Service comes out with Tucson’s monthly housing report. The numbers are out for the Tucson residential real estate market report for March 2017. In March 2017, the Tucson housing […]
![Arizona Home Prices Up 7.4%! [INFOGRAPHIC]](https://www.tucsonhomesandlots.com/wp-content/uploads/2017/03/Year-Over-Year-300x83.png "Arizona Home Prices Up 7.4%! [INFOGRAPHIC]")
Arizona Home Prices Up 7.4%! [INFOGRAPHIC]
Waiting To Buy A Home In Tucson, Arizona Could Cost You Money! Some Highlights: The Federal Housing Finance Agency (FHFA) recently released their latest Quarterly Home Price Index report. In the report, home prices are compared both regionally and by state. Based on the latest numbers, if you plan on relocating to another state, waiting to move may end […]
The Home Foreclosure Crisis Coming To An End: 10 Years Later
CoreLogic recently released a report entitled, United States Residential Foreclosure Crisis: 10 Years Later, in which they examined the years leading up to the crisis all the way through to present day. With a peak in 2010 when nearly 1.2 million homes were foreclosed on, over 7.7 million families lost their homes throughout the entire […]
Tucson Residential Market Update February 2017
TUCSON ARIZONA HOUSING MARKET FEB 2017 SNAPSHOT VIDEO BELOW Each month the Tucson Association of Realtors® Multiple Listing Service comes out with Tucson’s monthly housing report. The numbers are out for the Tucson residential real estate market report for February 2017. In February 2017, the Tucson housing market showed signs of strength to start the year. […]
How to Get the Most Money When Selling Your Home
Every homeowner wants to make sure they get the best price when selling their home. But how do you guarantee that you receive maximum value for your house? Here are two keys to ensuring you get the highest price possible. 1. Price it a LITTLE LOW This may seem counter-intuitive. However, let’s look at this […]
How Long Do Most Families Stay in Their Home?
The National Association of Realtors (NAR) keeps historical data on many aspects of homeownership. One of the data points that has changed dramatically is the median tenure of a family in a home. As the graph below shows, for over twenty years (1985-2008), the median tenure averaged exactly six years. However, since 2008, that average is almost […]
Tucson Residential Market Update January 2017
Each month the Tucson Association of Realtors® Multiple Listing Service comes out with Tucson’s monthly housing report. The numbers are out for the Tucson residential real estate market report for January 2017. In January 2017, the Tucson housing market showed signs of strength. Normally as we head out of the holiday season and into the […]
The Great News About Rising Prices for Homeowners in Tucson, Arizona
Recently there has been a lot of talk about home prices and if they are accelerating too quickly. As we mentioned before, in some areas of the country, seller supply (homes for sale) cannot keep up with the number of buyers out looking for a home, which has caused prices to rise. This has been […]
3 Tips for Making Your Dream of Buying a Home Come True
Some Highlights: Realtor.com recently shared “5 Habits to Start Now If You Hope to Buy a Home in 2017.” Setting up an automatic savings plan that saves a small amount of every check is one of the best ways to save without thinking a lot about it. Living within a budget now will help you […]
Tucson Residential Market Update December 2016
Each month the Tucson Association of Realtors® Multiple Listing Service comes out with Tucson’s monthly housing report. The numbers are out for the Tucson residential real estate market report for December 2016. In December 2016, the Tucson housing market showed signs of strength. Normally as we head into the holiday season the housing market starts […]
Millionaire to Millennials: Buy a Home!!
Last week, CNBC ran an article quoting self-made millionaire David Bach explaining that not purchasing a home is “the single biggest mistake millennials are making” because buying real estate is “an escalator to wealth.” Bach went on to explain: “If millennials don’t buy a home, their chances of actually having any wealth in this country […]
Start 2017 Off Right… List Your House for Sale
As we are about to bring in the New Year, families across the country will be deciding if this is the year that they will sell their current house and move into their dream home. Many will decide that it is smarter to wait until the spring “buyer’s market” to list their house. In the […]
Homeowner’s Net Worth Is 45x Greater Than A Renter’s
Every three years, the Federal Reserve conducts a Survey of Consumer Finances in which they collect data across all economic and social groups. The latest survey, which includes data from 2010-2013, reports that a homeowner’s net worth is 36 times greater than that of a renter ($194,500 vs. $5,400). In a Forbes article, the National […]
Tucson Projected as number 9 housing market for 2017
Good news for the Arizona housing market for 2017! Phoenix is projected as the number one housing market in 2017 and Tucson as ninth housing market for 2017 according to Realtor.com’s forecasters. To view the article: CLICK HERE
The Impact Your Interest Rate Has on Your Buying Power
Some Highlights: Your monthly housing cost is directly tied to the price of the home you purchase and the interest rate you secure for your mortgage. Over the last 30 years, interest rates have fluctuated greatly with rates in the double digits in the 1980s, all the way down to the near 4% we are […]
Tucson Residential Market Update November 2016
Each month the Tucson Association of Realtors® Multiple Listing Service comes out with Tucson’s monthly housing report. The numbers are out for the Tucson residential real estate market report for November 2016. In November 2016, the Tucson housing market showed signs of strength. Normally as we head into the holiday season the housing market starts to […]
Why Are Mortgage Interest Rates Increasing?
According to Freddie Mac’s latest Primary Mortgage Market Survey, the 30-year fixed rate mortgage interest rate jumped up to 3.94% last week. Interest rates had been hovering around 3.5% since June, and many are wondering why there has been such a significant increase so quickly. Why did rates go up? Whenever there is a presidential […]
What is Private Mortgage Insurance (PMI)?
When it comes to buying a home, whether it is your first time or your fifth, it is always important to know all the facts. With the large number of mortgage programs available that allow buyers to purchase a home with a down payment below 20%, you can never have Too Much Information (TMI) about […]
Tucson Residential Market Update October 2016
Each month the Tucson Association of Realtors® Multiple Listing Service comes out with Tucson’s monthly housing report. The numbers are out for the Tucson residential real estate market report for October 2016. In October 2016, the Tucson housing market showed some signs of slow down as we head into the holiday season which is normal […]
Benefit of Arizona is Having the Grand Canyon In Our Backyard
One of the many benefits of living in Tucson, Arizona is having the Grand Canyon in our backyard. If you live in Arizona or are going to be visiting the state seeing the Grand Canyon with your own eyes is a must! For many years, I was one that grew up in Tucson, Arizona and […]
How Long Do Families Stay in a Home?
The National Association of Realtors (NAR) keeps historic data on many aspects of homeownership. One of the data points that has changed dramatically is the median tenure of a family in a home. As the graph below shows, for over twenty years (1985-2008), the median tenure averaged exactly six years. However, since 2008, that average […]
Percentage of Homeownership by Decade and by State
There has been a lot of talk about the falling homeownership rate in the United States. In December 2004, the homeownership rate reached an all-time high of 69.4%, while the current rate is 62.9%. When comparing these two figures, there is some room for concern regarding the difference. However, today let’s shine some light on […]
Sales of Distressed Properties Hit New Low
Sales of distressed properties hit new low pushing inventory levels down and prices up! The National Association of Realtors (NAR) recently released their latest Existing Home Sales Report revealing that distressed property sales accounted for 4% of sales in September. This is down from 7% in 2015, and is the lowest figure since NAR began […]
Tucson Investor Friendly Realtor
Are you a real estate investor looking for a Tucson investor friendly Realtor? Hi, my name is Tyler Ford, I am a Tucson investor friendly Realtor that specializes in working with other fellow investors looking to invest in residential real estate in Tucson, AZ. My team and I also work with real estate investors looking […]
7 Graphs That Show the Real Estate Market Is Back!
Some Highlights: Distressed property sales fell to its lowest number since NAR began tracking it in 2008. As you can see, with less distressed properties, sales are up in all price ranges except the $0 – $100K price range. Interest rates are still at historic lows, signifying that now is the right time to buy!
Tucson Residential Market Update September 2016
Each month the Tucson Association of Realtors® Multiple Listing Service comes out with Tucson’s monthly housing report. The numbers are out for the Tucson residential real estate market report September 2016. The big challenge for buyers is lack of inventory which has caused home prices to increase over the past six months. Check out what […]
Sold in 1 Day for $4,000 More Than the List Price
Just sold this Tucson home pictured above in 1 day for $4,000 over the list price. Recently wrote an article, on the link below, about what it takes to get a home sold fast for top dollar. Check out 10 reasons… what it takes to get a home SOLD FAST!
Mortgage Rates by Decade Compared to Today
Mortgage rates have a huge impact on the housing market and the affordability of home ownership. Mortgage interest rates have remained at all time lows but are predicted to rise in the 1st quarter of 2017. Now is a great time to buy before interest move up! The infographic above shows historical data of what […]
TUCSON HOME SOLD IN 5 DAYS! 10 REASON AS TO WHY?
Just SOLD this Tucson home on the northeast side of town in 5 days for full list price! The home had been on the market for 7 months with NO offers with another agent. One might ask… why would a home sell in 5 days when it had been on the market for 7 months […]
Tucson Residential Market Update August 2016
Each month the Tucson Association of Realtors® Multiple Listing Service comes out with Tucson’s monthly housing report. The numbers are out for the Tucson residential real estate market report August 2016. Check out what home prices are doing in Tucson, AZ for August 2016. Highlights of the Tucson Residential Real Estate Market Report for August […]
Home Prices Up 5.61% Across The Country!
Arizona home prices are up 8.3% year-over-year! Some Highlights: The Federal Housing Finance Agency (FHFA) recently released their latest Quarterly Home Price Index report. In the report, home prices are compared both regionally and by state. Based on the latest numbers, if you plan on relocating to another state, waiting to move may end up costing you more! Vermont […]
New Construction Numbers: Now Versus 2005
There is some thinking that the pace of the housing recovery is unsustainable and that we may be heading for another housing bubble. However, Jonathan Smoke, the Chief Economist of realtor.com explains the basic difference between 2005 and today: “The havoc during the last cycle was the result of building too many homes and of […]
Arizona Residential Buyer’s Inspection Notice and Seller’s Response
Buyer Inspection Period Whether buying or selling a home the inspection period and the Residential Buyer’s Inspection Notice and Seller’s Response (“Buyer’s Inspection Notice” or BNSR) often creates lots of confusion. The “Buyer’s Inspection Notice” is a 1 to 3 Step Process both buyers and sellers really need to think through before responding. It is important to understand […]
Pathway to Purchase – The newest program to help you buy a home in Arizona!
The Arizona Department of Housing (ADOH), acting with the Arizona Home Foreclosure Prevention Funding Corporation (AHFPFC), is providing down payment assistance (DPA) to qualified homebuyers purchasing a primary residence in 17 targeted municipalities in Arizona. The assistance is an incentive to purchase in targeted housing markets that have been hardest-hit by foreclosures. It’s name: Pathway […]
Home Values: DEFINITELY NOT in Bubble Range!
There are some industry pundits claiming that residential home values have risen too quickly and that current levels are on the verge of another housing bubble. It is easy to see how this thinking has taken form if we look at a graph of home prices from 2000 to today. The graph definitely looks like […]
How Scary is the Housing Affordability Index?
Some industry pundits are saying that the housing market may be heading for a slowdown. One of the data points they use is the falling numbers of the Housing Affordability Index, as reported by the National Association of Realtors(NAR). Here is how NAR defines the index: “The Housing Affordability Index measures whether or not a typical […]
2 Myths About Mortgages That May Be Holding Back Tucson Home Buyers
Many Tucson home buyers may not know their mortgage options when buying a home. The down payment may be less than you think although saving for a bigger down payment of 20% or more is best and the FICO score requirement may be less than you think. First off when buying a home, we would […]
Real Life vs. Reality TV: 6 Myths Explained
Have you ever been flipping through the channels, only to find yourself glued to the couch in an HGTV ‘show hole’*? We’ve all been there… watching entire seasons of “Love it or List it,” “Fixer Upper,” “House Hunters,” “Flip or Flop,” “Property Brothers,” and so many more, just in one sitting. When you’re in the […]
Home Prices in Tucson, AZ for July 2016
Each month the Tucson Association of Realtors® Multiple Listing Service comes out with Tucson’s monthly housing report. The numbers are out for the Tucson residential real estate market report July 2016. Check out what home prices are doing in Tucson, AZ for July 2016. Highlights of the Tucson Residential Real Estate Market Report for July […]
Do You Know the Impact Your Interest Rate Makes?
Some Highlights: Interest rates have come a long way in the last 30 years. The interest rate you secure directly impacts your monthly payment and the amount of house that you can afford if you plan to stay within a certain budget. Interest rates are at their lowest in years… RIGHT NOW! If buying your […]
3 Questions Every Tucson Home Buyer Should Ask Themselves
If you are debating purchasing a home in Tucson, AZ right now, you are probably getting a lot of advice. Though your friends and family will have your best interest at heart, they may not be fully aware of your needs and what is currently happening in the real estate market. Answering the following 3 […]
Brexit 1 Month Later: The Impact on Mortgage Rates
Just over a month ago, the United Kingdom decided to withdraw from the European Union in a decision commonly known as Brexit. At that time there was a lot of speculation on how that decision would impact the U.S. residential mortgage market. Today, we want to look at the impact of the first 30 days. […]
Tucson Homeowner’s Net Worth is 45x Greater Than a Renter’s!
Every three years, the Federal Reserve conducts a Survey of Consumer Finances in which they collect data across all economic and social groups. The latest survey, which includes data from 2010-2013, reports that a homeowner’s net worth is 36 times greater than that of a renter ($194,500 vs. $5,400). In a Forbes article, the National Association of Realtors’ (NAR) Chief Economist Lawrence Yun predicts that in […]
Did you know that 89% of homes SOLD in Tucson, AZ were below $399,999 in the month of June 2016?
THIS MAY SURPRISE YOU! Although the Tucson housing market has been doing well there is a segment of the market that is still struggling. Tucson needs to bring in higher paying jobs to support higher priced homes sales. Did you know that 89% of the homes sold in Tucson, AZ in the month of June 2016 […]
Home Prices in Tucson, AZ for June 2016
Each month the Tucson Association of Realtors® Multiple Listing Service comes out with Tucson’s monthly housing report. The numbers are out for the Tucson residential real estate market report June 2016. Check out what home prices are doing in Tucson, AZ for June 2016. Highlights of the Tucson Residential Real Estate Market Report for June […]
3 Crucial Questions Most Tucson Home Buyers Don’t Know the Answer To…DO YOU?
Whether you are considering the purchase of your first Tucson, AZ home or trading up to the home your family frequently fantasizes about, there are three crucial questions you must know the answer to: What is the minimum down payment required to purchase a home? What is the minimum FICO score required to qualify for […]
Home Prices in Tucson, AZ for May 2016
Each month the Tucson Association of Realtors® Multiple Listing Service comes out with Tucson’s monthly housing report. The numbers are out for the Tucson residential real estate market report May 2016. Check out what home prices are doing in Tucson, AZ for May 2016. Highlights of the Tucson Residential Real Estate Market Report for May […]
Tucson First Time Home Buyers… Your First Home is Within Your Grasp Now?
There are many Tucson first time home buyers sitting on the sidelines trying to decide if they should purchase a home or sign a rental lease. Some might wonder if it makes sense to purchase a house before they are married and have a family. Others may think they are too young. And still others […]
Wall Street Journal: Housing Recovery Picks Up Steam
Yesterday, The Arizona Daily Star had an article about the economic optimism is in the air for the Tucson, AZ economy. We were pleasantly surprised that, on the same day, the Wall Street Journal decided to run a front page story titled,“Housing Recovery Picks Up Steam” (article available to WSJ subscribers). The economic optimism for Tucson […]
The Presidential Election and Its Impact on Housing
Every four years people question what effect the Presidential election might have on the national housing market. Let’s take a look at what is currently taking place. The New York Times ran an article earlier this week where they explained: “A growing body of research shows that during presidential election years — particularly ones like […]
Kolb Road to Sabino Canyon Bridge Connection
Above is what the finished Kolb Road Bridge is going to look like The Kolb Road to Sabino Canyon bridge connection construction is well underway and the City of Tucson has made lots of progress since the start of the construction in December 2015. The project is projected to take 15 months to complete. Sabino […]
