TUCSON REAL ESTATE HOUSING MARKET REPORT – JANUARY 2015

tucson real estate news

TUCSON REAL ESTATE HOUSING MARKET REPORT – JANUARY 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 January 2015 are below: The Average Sales Price fell slightly this month from $205,015 in December to $194,878, a […]

What is a Zillow Zestimate and Is It Accurate?

tucson home values

Often misunderstood by the public: What is a Zillow Zestimate and Is It Accurate? Zillow is a great real estate tool and used by many who are researching real estate. 92% of people who are looking to buy or sell a home or rent start online before reaching out to a Realtor®, so getting accurate info online […]

Tucson Home Foreclosure Report 2014 – Best in Years!

tucson foreclosure

Good news for the Tucson residential real estate market. The Tucson home foreclosure report for 2014 shows foreclosures are fizzling out! Foreclosure filings were down 36%, the lowest since 2007. Trustee sale notices (foreclosure filings) in Pima County Arizona were down by 36% from 2013. There were a total of 3,586 homes that entered in […]

2014 Annual Tucson Housing Market Report

tucson housing market report

2014 Annual Tucson Housing Market Report The Tucson Housing Market in 2014 turned out to be a decent year. 2015 is expected to be a similar year to 2014 or slightly better. As buyers, who either lost their home to foreclosure or sold their home via short sale, come back into the home buying market […]

TUCSON REAL ESTATE HOUSING MARKET REPORT – DECEMBER 2014

tucson.arizona.housing.home .market.news

TUCSON REAL ESTATE HOUSING MARKET REPORT – DECEMBER 2014 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 December 2014 are below: Total Sales Volume increased this month to $220,596,263 from last month’s number of $189,711,618, a 16.28% jump. […]

Fannie and Freddie formally announce 3% Down Programs

tucson az home down payment

Yesterday, HousingWire reported that both Fannie Mae and Freddie Mac formally announced their 3% down options on home purchases. Fannie Mae’s plan will be effective December 13, 2014 while the Freddie Mac plan will be available March 23, 2015. The HW article quotes FHFA Director Mel Watt: The new lending guidelines released today by Fannie […]

TUCSON REAL ESTATE HOUSING MARKET REPORT – NOVEMBER 2014

tucson real estate news

TUCSON REAL ESTATE HOUSING MARKET REPORT – NOVEMBER 2014 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 November 2014 are below: Total Sales Volume fell this month going from 223,081,453 in October to $189,711,618 in November, a 14.96% decrease. […]

Will Home Prices Go Down If Interest Rates Go Up?

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Will Home Prices Go Down In Tucson If Interest Rates Go Up? There are some who are calling for a substantial drop in home prices should mortgage interest rates begin to rise rapidly. Intuitively that makes sense. The cost of a home is determined by the price of the home and the price of financing […]

Look For 2015 To Be A Booming Year For Tucson Real Estate

tucson mortgage loan approval

Look For 2015 To Be A Booming Year For Tucson Real Estate… Read on as to why The greatest number of foreclosures that occurred in Tucson was between 2007 and 2008. The greatest number of short sales that occurred in Tucson was in 2011. When some loses a home to foreclosure they cannot be approved for […]

TUCSON REAL ESTATE HOUSING MARKET REPORT – OCTOBER 2014

tucson.arizona.housing.home .market.news

TUCSON REAL ESTATE HOUSING MARKET REPORT – OCTOBER 2014 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 October 2014 are below: Total Sales Volume increased this month going from $209,188,665 in September to $223,081,453 in October, a […]

Buying a Home In Tucson Arizona is 35% Cheaper Than Renting!

tucso home rent vs buy

Buying a Home In Tucson Arizona is 35% Cheaper Than Renting! In Trulia’s latest Rent vs. Buy Report, they explained that homeownership remains cheaper than renting with a traditional 30-year fixed rate mortgage throughout the 100 largest metro areas in the United States. The updated numbers actually show that the range is from an average […]

Gallup Poll: Real Estate Best Long Term Investment

tucson real estate investment

Gallup Poll Real Estate Best Long Term Investment The Gallup organization conducts an annual report entitled the Economy and Personal Finances Poll, which asks Americans to choose the best option for long-term investment. It was no surprise that real estate returned to the top position over other investment categories (gold, stocks/mutual funds, savings accounts/CDs and […]

Tucson Real Estate Housing Market Report – September 2014

tucson.arizona.housing.home .market.news

Tucson Real Estate Housing Market Report  – Sept 2014 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 September 2014 are below: New Listings increased 5.19% from August to September. Total Unit Sales dropped from 1,158 in August […]

US Home Sales Hit Highs of the Year!

tucson az real estate high

US Home Sales Hit Highs of the Year! The National Association of Realtors (NAR) released their Existing Home Sales Report earlier this week. The report revealed that “sales bounced back in September to their highest annual pace of the year”. As the chart below shows, after a very slow start at the beginning of the […]

Warren Buffett Says Mortgages Now a “No Brainer”

warren buffett mortgage

Second-Richest Man Says Mortgages Now a “No Brainer” Warren Buffett is the second-richest man in America today, behind Bill Gates. (He was the richest man in the world in 2008.) He made his fortune through the financial markets. Buffett, to me, is the greatest financial mind of our time – if not ever. Right now, […]

Ben Bernanke Cant Get A Mortgage… Big Upside In Housing!

tucson.home .housing.market

Ben Bernanke Cant Get A Mortgage Big Upside In Housing I recently tried to refinance my mortgage,” former Fed Chairman Ben Bernanke said last week, “and I was unsuccessful in doing so. – Ben Bernanke The audience laughed – but then he said “I’m not making that up.” What does it mean when Bernanke – […]

America’s View On Real Estate “Heading in the Right Direction”

tucson az real estate recovery

In a recent Gallup poll, Americans were asked to rate 24 different business sectors and industries on a five-point scale ranging from “very positive” to “very negative.” The poll was first conducted in 2001, and has been used as an indicator of “Americans’ overall attitudes toward each industry”. For the first time since 2006, Americans […]

House Prices to Soar AFTER the Fed Raises Rates

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“You know the housing boom will end when the Fed raises interest rates, right?” Oh really? What makes you so sure about that? “You know that mortgage rates are going up, right? And you know that when mortgage rates rise, house prices will fall – or at least stop going up – right?” People really […]

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