Tucson Housing Market Report August 2018
Highlights of Tucson’s Residential Housing Market for August 2018: *** Watch the video below *** [embedyt] https://www.youtube.com/watch?v=L_KpS9DeK3I[/embedyt] 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 2018. In August 2018, the Tucson housing market inventory […]
Tucson Housing Market: Gigantic Difference Between 2008 and 2018
Some are attempting to compare the current housing market to the market leading up to the “boom and bust” that we experienced a decade ago. They look at price appreciation and conclude that we are on a similar trajectory, speeding toward another housing crisis. However, there is a major difference between the two markets. Last […]
Tucson Housing Market Report July 2018
Highlights of Tucson’s Residential Housing Market for July 2018: *** Watch the video below *** [embedyt] https://www.youtube.com/watch?v=3vbIjmTtxD8[/embedyt] 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 2018. In July 2018, the Tucson housing market […]
Tucson Housing Market Update June 2018
Highlights of Tucson’s Residential Housing Market for June 2018: *** Watch the video below *** [embedyt] https://www.youtube.com/watch?v=-p-hTpI8o9I[/embedyt] 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 2018. In June 2018, the Tucson housing market […]
Tucson Arizona Housing Market Update May 2018
Highlights of Tucson’s Residential Housing Market for May 2018: *** Watch the video below *** [embedyt] https://www.youtube.com/watch?v=T4kirurTTlM[/embedyt] 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 2018. In May 2018, the Tucson housing market […]
Tucson Arizona Housing Market Update April 2018
Highlights of Tucson’s Residential Housing Market for April 2018: *** Watch the video below *** [embedyt] https://www.youtube.com/watch?v=D3zB4BQH39s[/embedyt] 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 April 2018. In April 2018, the Tucson housing market […]
Tucson Arizona Housing Market Update March 2018
Highlights of Tucson’s Residential Housing Market for March 2018: *** Watch the video below *** [embedyt] https://www.youtube.com/watch?v=teQvLfeBOBs[/embedyt] 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 March 2018. In March 2018, the Tucson housing market showed […]
Tucson Arizona Housing Market Update February 2018
Highlights of Tucson’s Residential Housing Market for February 2018: *** Watch the video below *** [embedyt] https://www.youtube.com/watch?v=7WhgSIHPG2o[/embedyt] 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 […]
Tucson Arizona Housing Market Update January 2018
Highlights of Tucson’s Residential Housing Market for January 2018: *** Watch the video below *** [embedyt] https://www.youtube.com/watch?v=YgtHpXUV2so[/embedyt] 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 […]
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
Tucson Arizona Housing Market Update December 2017
Highlights of Tucson’s Residential Housing Market for December 2017: *** Watch the video below *** [embedyt] https://www.youtube.com/watch?v=tJhQuQ4sVPY[/embedyt] 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 […]
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 […]
Tucson Arizona Housing Market Update November 2017
Highlights of Tucson’s Residential Housing Market for November 2017: *** Watch the video below *** [embedyt] https://www.youtube.com/watch?v=M6tzOf9w8NE[/embedyt] 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 […]
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 […]
Tucson Arizona Housing Market Update September 2017
Highlights of Tucson’s Residential Housing Market for September 2017: *** Watch the video below *** [embedyt] https://www.youtube.com/watch?v=MgC7n3Jo_ZI[/embedyt] 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 […]
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 […]
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 […]
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 […]
#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 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 […]
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 […]
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]
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 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 […]
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 […]
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
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 […]
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 […]
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 […]
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 […]
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 […]
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 […]
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 […]
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 […]
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 […]
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 […]
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 […]
Did you know that 90% of homes SOLD in Tucson, AZ were below $399,999 in the month of April 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 90% of the homes sold in Tucson, AZ in the month of April 2016 […]
Home Prices in Tucson, AZ for April 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 April 2016. Check out what home prices are doing in Tucson, AZ for April 2016. Highlights of the Tucson Residential Real Estate Market Report for April […]
Warren Buffett: There is No Housing Bubble
With home prices expected to appreciate by over 5% this year, some are beginning to worry about a new housing bubble forming. Warren Buffet addressed this issue last week in an article by Fortune Magazine. He simply explained: “I don’t see a nationwide bubble in real estate right now at all.” Later, when questioned whether […]
Investment Home Sales Rebound in 2015
Some Highlights: 2015 marks the first year-over-year increase in investment home sales since 2011. 62% of all investment homes purchased were single family homes. The South saw the highest percentage of investment home sales (39%) with the West coming in second (28%).
Investment Real Estate Sales Are Up
The National Association of Realtors recently released their 2016 Investment and Vacation Home Buyers Survey. The survey revealed many characteristics of both vacation home purchasers and investors. Today, we want to concentrate on the investor real estate market. The survey revealed that investment-home sales in 2015 jumped 7.0 percent to an estimated 1.09 million from […]
Homes Continue to Sell Quickly Nationwide
The National Association of Realtors (NAR) recently released their latest Existing Home Sales Report, which revealed that homes were on the market for an average of 47 days in March. This is a decrease from the 59 days reported in February, as well as the 52 days reported back in March 2015. 42% of homes […]
Home Prices Are Up…but there is a Challenge
Home values continue to climb in Tucson, AZ and are projected to increase by about 5% over the next twelve months. That is great news for anyone who owns a home. However, it could present a challenge for a family trying to sell their house. If prices are surging, it is difficult for appraisers to […]
TUCSON RESIDENTIAL REAL ESTATE MARKET REPORT MARCH 2016
TUCSON RESIDENTIAL REAL ESTATE MARKET REPORT MARCH 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 March 2016. Highlights of the Tucson Residential Real Estate Market Report for March 2016 are below: Total Sales Volume […]
Tucson Real Estate: 2016 Will Be the Best Year in a Decade
Tucson Real Estate: 2016 Will Be the Best Year in a Decade The Tucson real estate market is off to a great start for 2016! The Tucson housing market is shaping up to be a great year. Real below to find out why… A few weeks ago, Jonathan Smoke, the Chief Economist at realtor.com, exclaimed: […]
Past, Present & Future Home Values
Past, Present & Future Home Values In CoreLogic’s latest Home Price Index, they revealed home appreciation in three categories: percentage appreciation over the last year, over the last month, and projected appreciation over the next twelve months. Tucson, Arizona home values are predicted to increase 7.7% in the next year! NOW IS A GREAT TIME […]
Further Proof This Isn’t a Housing Bubble
Further Proof This Isn’t a Housing Bubble Two weeks ago, we posted a blog which explained that current increases in home prices were the result of the well-known concept of supply & demand and should not lead to conversations of a new housing bubble. Today, we want to look at home prices as compared to […]
TUCSON RESIDENTIAL REAL ESTATE MARKET REPORT FEBRUARY 2016
TUCSON RESIDENTIAL REAL ESTATE MARKET REPORT FEBRUARY 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 February 2016. Highlights of the Tucson Residential Real Estate Market Report for February 2016 are below: Total Sales […]
Yes, Home Prices Are Rising in Tucson. No, a New Housing Bubble is NOT Forming
Yes, Home Prices Are Rising in Tucson. No, a New Housing Bubble is NOT Forming We recently reported that home prices are continuing to rise across most of the nation. This has created concern in some pundits that a housing bubble, like we saw ten years ago, is forming again. We want to explain why […]
Home Prices Up 5.76% Across The Country!
Home Prices Up 5.76% Across The Country! Arizona home prices up 8.7%. Now is a great time to buy a home in Tucson, Arizona before prices continue to go up and interest rates increase.
Low Inventory Causes Home Prices to Accelerate
Low Inventory Causes Home Prices to Accelerate The National Association of Realtors (NAR) released their latest Quarterly Metro Home Price report earlier this month. The report revealed that home prices are not only continuing to rise but that the increases are accelerating. Lawrence Yun, Chief Economist at NAR, discussed the impact of low inventory on […]
Future Home Values: Where Do The Experts Think They Are Headed?
Future Home Values: Where Do The Experts Think They Are Headed? Today, many real estate conversations center on housing prices and where they may be headed. That is why we like the Home Price Expectation Survey. Every quarter, Pulsenomics surveys a nationwide panel of over one hundred economists, real estate experts and investment & market […]
Are the Kids Finally Moving Out?
Are the Kids Finally Moving Out? During the recession, many young adults graduating from college were forced to move back in with their parents. This caused new household formations to drop dramatically from the long-term average of 1.2 million formations annually to half that number. However, this may be the year this turns back around. […]
Thinking of Selling? Why Now May Be The Time
It is common knowledge that a large number of homes sell during the spring-buying season. For that reason, many homeowners hold off on putting their home on the market until then. The question is whether or not that will be a good strategy this year. The other listings that do come out in the spring […]
Zillow’s Home Analysis Proves Houses Within 1 Mile Of Trader Joe’s Are Worth More
Zillow’s Home Analysis Proves Houses Within 1 Mile Of Trader Joe’s Are Worth More According to a recent analysis by Zillow, if you live near a Whole Foods or Trader Joe’s, the value of your home could significantly go up in Tucson, AZ. And specifically, if you live within a mile of either store, your […]
A Million+ Boomerang Buyers about to Enter Housing Market
A Million+ Boomerang Buyers about to Enter Housing Market TransUnion recently released the results of a new study titled “The Bubble, the Burst and Now – What Happened to the Consumer?” The study revealed that 1.5 million homeowners that were negatively impacted by the housing crisis could re-enter the housing market in the next three years. TransUnion defined […]
Where Are Interest Rates Headed This Year?
Where Are Interest Rates Headed This Year? With interest rates still below 4%, many buyers may be on the fence as to whether to act now and purchase a new home, or wait until next year. If you look at what the four major reporting agencies are predicting for 2016, it may make the decision […]
Rents Still Skyrocketing
Zillow recently revealed that the 43 million renter households in the US spent $535 billion on rent in 2015. Aggregate numbers like these often make it difficult to truly assess a situation. For more clarity, we want to share some points that were made in a Wall Street Journal article earlier this month. The article made […]
When Is It A Good Time To Rent? NOT Now!
When Is It A Good Time To Rent? NOT Now! People often ask whether or not now is a good time to buy a home. No one ever asks when a good time to rent is. However, we want to make certain that everyone understands that today is NOT a good time to rent. The […]
TUCSON RESIDENTIAL REAL ESTATE MARKET REPORT DECEMBER 2015
TUCSON RESIDENTIAL REAL ESTATE MARKET REPORT DECEMBER 2015 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 December 2015. Residential real estate in Tucson, AZ has been on a steady upswing in 2015. Highlights of […]
Top Reason to List Your House For Sale Now!
Top Reason to List Your House For Sale Now! If you are debating listing your 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 shortage: […]
Don’t Let Rising Rents Trap You!
Don’t Let Rising Rents Trap You! There are many benefits to homeownership. One of the top ones is being able to protect yourself from rising rents and lock in your housing cost for the life of your mortgage. Don’t Become Trapped Jonathan Smoke, Chief Economist at realtor.com recently reported on what he calls a “Rental […]
Home Prices: Where Are They Headed Over The Next 5 Years?
Home Prices: Where Are They Headed Over The Next 5 Years? Today, many real estate conversations center on housing prices and where they may be headed. That is why we like the Home Price Expectation Survey. Every quarter, Pulsenomics surveys a nationwide panel of over one hundred economists, real estate experts and investment & market strategists about where […]
Foreclosure Inventory Drops In Arizona As Economy Improves
Foreclosure Inventory Drops In Arizona As Economy Improves Good news for the Arizona real estate market! Only .4% of all homeowners in Arizona are in foreclosure. We are heading into 2016 with the lowest foreclosure inventory in 8 years thanks to escalating home values and progressive improvement in the U.S. economy. Some Highlights: Foreclosure Inventory […]
Arizona Home Prices: Past, Present & Future
Arizona Home Prices: Past, Present & Future CoreLogic released their most current Home Price Index last week. In the report, they revealed home appreciation in three categories: percentage appreciation over the last year, over the last month and projected over the next twelve months. Here are state maps for each category: The Past – home appreciation over […]
TUCSON RESIDENTIAL REAL ESTATE MARKET REPORT NOVEMBER 2015
TUCSON RESIDENTIAL REAL ESTATE MARKET REPORT NOVEMBER 2015 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 November 2015. Residential real estate in Tucson, AZ has been on a steady upswing in 2015. Highlights of […]
Distressed Property Sales Hit New Low
Distressed Property Sales Hit New Low TheNational Association of Realtors (NAR) just released their Existing Home Sales Report revealing that distressed property sales accounted for 6% of sales in October. This is down from 9% in 2014 and the lowest figure since NAR began tracking distressed sales in October 2008. Below is a graph that […]
TUCSON REAL ESTATE HOUSING REPORT OCTOBER 2015
TUCSON REAL ESTATE HOUSING REPORT OCTOBER 2015 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 real estate housing report October 2015. Real estate in Tucson, AZ is on a positive upswing. Highlights of the Tucson Real Estate Housing Market […]
Baby Boomers On The Move To Tucson
Baby Boomers On The Move To Tucson Within the next five years, Baby Boomers are projected to have the largest household growth of any other generation during that same time period, according to the Joint Center for Housing Studies of Harvard. Let’s take a look at why… In a recent Merrill Lynch study, “Home in Retirement: More Freedom, […]
Picking a Tucson Real Estate Agent through Facebook
Picking a Tucson Real Estate Agent through Facebook According to a joint study released by Google and the National Association of Realtors, 2 of 3 people searching for a prospective real estate professional research them “extensively online prior to working with them”. And, that number is probably increasing every day. Are social media channels such […]
Where Will Home Prices In Arizona Be Next Year?
Where Will Home Prices In Arizona Be Next Year? Some interesting facts: Arizona is forecasted to have a 6.4% year-over-year appreciation. 25 states are forecasted to achieve higher levels of appreciation in the next 12 months than already achieved in the last year. 25 state and the District of Columbia are forecasted to experience a […]
TUCSON REAL ESTATE HOUSING REPORT SEPTEMBER 2015
TUCSON REAL ESTATE HOUSING REPORT SEPTEMBER 2015 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 real estate housing report September 2015. Real estate in Tucson, AZ is on a positive upswing. Highlights of the Tucson Real Estate Housing Market […]
Economic Impact of Every Home Sold in the US
Do you know what the Economic Impact of Every Home Sold in the US is? Every time a home is sold, thousands of dollars are put back into the economy as a result. Homeownership is a huge % of the US economy. Without a stable housing market our US economy suffers. ********************************************************** SEARCH FOR TUCSON […]
TUCSON REAL ESTATE HOUSING REPORT AUGUST 2015
TUCSON REAL ESTATE HOUSING REPORT AUGUST 2015 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 real estate housing report August 2015. Real estate in Tucson, AZ is on a positive upswing. Highlights of the Tucson Real Estate Housing Market […]
1st Time Home Buyers Finally Jumping Into Homeownership
1st Time Home Buyers Finally Jumping Into Homeownership! There has been much conversation regarding the lack of first time home buyers in today’s real estate market. However, three recent reports seem to suggest that they are now entering the market in increasing numbers. The most recent Existing Home Sales Report from the National Association of […]
TUCSON REAL ESTATE HOUSING REPORT JUNE 2015
TUCSON REAL ESTATE HOUSING REPORT JUNE 2015 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 real estate housing report June 2015. Real estate in Tucson, AZ is on a positive upswing. Highlights of the Tucson Real Estate Housing Market […]
TUCSON REAL ESTATE HOUSING REPORT MAY 2015
TUCSON REAL ESTATE HOUSING REPORT MAY 2015 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 real estate housing report May 2015. Real estate in Tucson, AZ is on a positive upswing. Highlights of the Tucson Real Estate Housing Market […]
TUCSON REAL ESTATE HOUSING REPORT APRIL 2015
TUCSON REAL ESTATE HOUSING REPORT APRIL 2015 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 real estate housing report April 2015. Real estate in Tucson, AZ is on a positive upswing. Highlights of the Tucson Real Estate Housing Market […]
Tucson Foreclosures Back To Normal Levels
AWESOME NEWS FOR THE TUCSON REAL ESTATE MARKET: Tucson Foreclosures Back To Normal Levels Looks as though the foreclosure crisis is finally coming to an end in Tucson, Arizona. Tucson Foreclosures have dropped back to levels before the housing bubble in 2007. As you can see from the charts below we are back to normal ranges […]
TUCSON REAL ESTATE HOUSING REPORT MARCH 2015
TUCSON REAL ESTATE HOUSING REPORT MARCH 2015 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 real estate housing report March 2015. Real estate in Tucson, AZ is on a positive upswing. Highlights of the Tucson Real Estate Housing Market […]
The Starbucks Effect On Home Prices
The Starbucks Effect On Home Prices Will Shock You! I recently read the book Zillow Talk: The New Rules of Real Estate written by Spencer Rascoff the COE of Zillow and Stan Humphries the Chief Economist of Zillow and chapter 4 in the book talked about the impact of Starbucks on home values. I was amazed […]
TUCSON REAL ESTATE HOUSING MARKET REPORT – FEBRUARY 2015
TUCSON REAL ESTATE HOUSING MARKET REPORT – FEBRUARY 2015 Each month the Tucson Association of Realtors® Multiple Listing Service comes out with Tucson’s monthly housing report. Highlights of the Tucson Real Estate Housing Market Report for February 2015 are below: Total Sales Volume for February was $195,792,147, a 24.89% increase from January’s number of $156,772,690. […]