October 28th, 2009 by Michael Oliver

Share This Post

Share on Facebook Standard and Poor’s Case-Shiller report came out today and showed home prices are on the raise again as prices were up 1.2% from July ’09 to August ’09 showing strength in the real estate markets across the nation. This marks the 4^th straight month of gains. Many experts believe a lot of the gain is derived from the first time buyer tax credit as it is pushing extra demand into most of the nations markets. Experts anticipated a price increase of 0.7% since Augusts’ numbers came in quite a bit higher than that  it makes the case that real estate markets across the USA are even stronger than most experts realize.

Exsisting home sales, tucson real estate statistics

October 26th, 2009 by Michael Oliver

Share This Post

Share on Facebook Existing home sales jumped 9.4% in September to a seasonally-adjusted rate of 5.57 million annualized units. It was much more than 5.35 million units economists had been expecting, according to estimates provided by Thomson Reuters. In Tucson the market was also up with pending home sales in Tucson up over 59% from October of ’08. Much of the demand according to Lawrence Yun the top Realtor economist is driven from the first time buyer tax benefit. He states:

exsisting home sales statistics, national home sales data, tucson home sales, tucson home statistics

October 19th, 2009 by Michael Oliver

Share This Post

Share on Facebook Lenders in a new government report starting to use the practice of principal reduction as a way to keep people in their homes and save the banks from having to foreclosure on additional homes. Of those homes currently in some “loan modification” process now 10% of all those are receiving a portion of their principal reduced in the second quarter of this year. In the quarter prior to this only roughly 3.1% of loans in the modification process were eligible and receiving principal reductions.

Mortgage, mortgage modifications, tucson mortgage

October 14th, 2009 by Michael Oliver

Share This Post

Share on Facebook This is sort of an older new piece but I just came across it and according to RCLCO (Who does the survey to find the best selling neighborhoods in the USA annually.) Rancho Sahuarita ranks #5 in America for best selling master-planned communities. ALL but 3 of the top 10 communities suffered declines in sales but the 12% sales decline Rancho Sahuarita suffered was enough to vault it into #5 after being outside of the top 10 in 2007. Here are the top 10 best selling master-planned neighborhoods (communities) in America:

best seling neighborhoods Tucson, Rancho Sahaurita, Tucson neighborhoods

October 14th, 2009 by Michael Oliver

Share This Post

Share on Facebook

Market Recap: By Michael Oliver

October 6th, 2009 by Michael Oliver

Share This Post

Share on Facebook A lot of interesting news is coming out about the $8,000 tax credit and whether to extend it, (if so for how long?) let it expire, and whether to extend it but change the terms and increase the tax amount. In all of these stats here are the projections and stats on what has happened with the tax credit and what some ideas about it currently are:

$8, 000 federal tax credit for buying a house, first time homebuying, tucson tax credits