Here is the 24 hour report for 10-08-2007 activity in the Tucson Real Estate market according to the Tucson MLS.This information is provided directly from our local MLS. Please feel free to check back often for the most accurate and updated information available in the Tucson area for local real estate reports and statistics.For more free reports and Tucson Real Estate visit http://www.wiselisting.com/24-Hour Market WatchNew Listings139  Back on Market12  Price Increases12  Price Reductions138  Contingents42  Pendings19  Solds28  Expireds33  Inactives 10/08/2007

150 residents of the gated community called Tucson Estates II showed up for an ice cream social to celebrate our successful implementation of the Neighborhood Watch Program. Representatives of the Pima County Sheriff's Department attended as well. Tucson Estates II is one of the safest communities in this city of one million people!  Taxes are low, homes are reasonably priced, and jumbo mortgages are not required!  For the period beginning April 5, 2007 through October 4, 2007, our community crime statistics are as follows: Burglary:  Zero Larceny:  Zero Stolen Vehicles: Zero Vandalism:  One Suspicious Activity: One Nestled in the shadow of Golden Gate Mountain on the west flank of the Tucson Mountains, Tucson Estates II is a lovely, safe place to live.  And that's the real estate opin... 10/07/2007

Friday, 5 October '07--For the next couple of weeks, don't look for mortgage interest rates to move any lower.  Today's surprise jobs report showed stronger than expected growth, sending stocks up and bond prices down.  The ten year bond, bellwether to future mortgage interest rates, posted a yield of 4.64%, up 12 basis points.  Expectations for a second rate cut by the Fed diminished.  Stay tuned, though.  October has been known to hammer the stock market, and if this happens, the price of bonds will soar, giving mortgage lenders and REALTORS a little boost for the upcoming holiday season. And that's the real estate opinion of this Tucson, Arizona mortgage lender. Mike in Tucson 10/05/2007

Just snooping early Tuesday in the Tucson MLS and noticed that NW Tucson had the largest number of new listings to start off the month. Northwest Tucson, including Oro Valley and Marana, had 59 total new listings on October 1st, with North Tucson following in second with only 19. I say total because I'm including SFR, SFNC, Condo/TH, MSFR and MH's. Considering there were only 158 new listings on Monday, and NW Tucson made up 37% of that total, it seems that homeowners in NW Tucson may not be too concerned about the so called "housing slump". Still it's too early to tell, we'll have to see where we end up for the week. The number of new listings have been slowly declining, as Northwest Tucson had 132 new listings for the first week of September, down 10% from the number of new NW Tucson ... 10/05/2007

Here is the 24 hour report for 10-05-2007 activity in the Tucson Real Estate market according to the Tucson MLS.This information is provided directly from our local MLS. Please feel free to check back often for the most accurate and updated information available in the Tucson area for local real estate reports and statistics.For more free reports and Tucson Real Estate visit http://www.wiselisting.com/24-Hour Market WatchNew Listings220  Back on Market14  Price Increases15  Price Reductions129  Contingents32  Pendings32  Solds31  Expireds30  Inactives68   10/05/2007

Title Insurance they are paying for when buying a home. In Home Buying 103 I briefly covered the different types of policies buyers should be looking for. Questions to ask: What type of coverage am I getting? What type of policies are available? How much will additional coverage cost? What does each type of policy cover? A recent home buyer, who happens to be an agent in our office, has faced numerous mechanic’s liens on his newly acquired property. Not paying attention to the type of policy he received from the title company, he ended up with a standard policy. Now he has over $15,000 in liens against his property with no insurance to cover. I solicited the assistance of Dina De La Ossa, Escrow Officer, to help explain. READ MORE 10/04/2007

Tucson real estate sales for the month of September dropped lower than they have been in over 10 years. In 1996 home sales were 623, the following year they jumped to 728. The September 2007 reported real estate sales in and around Tucson was only 683. Much lower than anyone could predict. I fully anticipated between 800 to 900 sales for the month. The beginning and middle of September seemed to point in that direction. Sales always slow down a little going into the fall. Of course those of us in the real estate industry in Tucson expect a slight from for September as we do every year. This is the first September, however, since 2002 that sales have been below 1,000 for this month. Add to the frustration for home sellers the fact that there are over 9,148 homes for sale and we are looki... 10/04/2007

Here is the 24 hour report for 10-04-2007 activity in the Tucson Real Estate market according to the Tucson MLS.This information is provided directly from our local MLS. Please feel free to check back often for the most accurate and updated information available in the Tucson area for local real estate reports and statistics.For more free reports and Tucson Real Estate visit http://www.wiselisting.com/24-Hour Market WatchNew Listings144  Back on Market14  Price Increases14  Price Reductions123  Contingents38  Pendings22  Solds41  Expireds37  Inactives54   10/04/2007

One Active Rainer blogged himself into a storm of controversy this morning. I had to comment.  And it got me to thinking about expression using the written word.  Literacy is important.  This Tirio Indian in Suriname, South America, is able to "blog" because my Dad learned his language, created a grammar, and then taught him to read and write his own language. He lives 350 miles south of Paramaraibo, Suriname, in the rainforest just north of Brazil.  He can read, write, and communicate through the written word. None of his ancestors ever did this!  But he can! Does the Active Rain community, and the real estate world in general, care if you spell poorly?  Or use poor grammar to express yourself?  Apparently so!  It's a vain luxury, thinking that success or failure depends on my ability ... 10/04/2007

Here is the 24 hour report for 10-03-2007 activity in the Tucson Real Estate market according to the Tucson MLS.This information is provided directly from our local MLS. Please feel free to check back often for the most accurate and updated information available in the Tucson area for local real estate reports and statistics.For more free reports and Tucson Real Estate visit http://www.wiselisting.com/24-Hour Market WatchNew Listings148  Back on Market17  Price Increases4  Price Reductions126  Contingents35  Pendings27  Solds36  Expireds24  Inactives52   10/03/2007

There's nothing like a controlling HOA (Homeowner's Association) to make some homeowners see red.  We have all heard the horror stories over the years, although many associations have relaxed and have come to realize that they are there to serve the homeowners rather than restrict them.In Arizona, we recently passed legislation that limits the restrictions that homeowner's associations can place on the signs homeowners can display when they are selling their home.  That new legislation, SB 1062, just went into effect on September 19, 2007.  If you would like to read the exact language of the bill, see SB 1062.  This also requires that HOAs NOT prohibit the installation of a flagpole and the flying of our American flag (among others) and the display of political signs immediately precedi... 10/03/2007

Here is the 24 hour report for 10-02-2007 activity in the Tucson Real Estate market according to the Tucson MLS.This information is provided directly from our local MLS. Please feel free to check back often for the most accurate and updated information available in the Tucson area for local real estate reports and statistics.For more free reports and Tucson Real Estate visit http://www.wiselisting.com/24-Hour Market WatchNew Listings202  Back on Market17  Price Increases6  Price Reductions140  Contingents46  Pendings56  Solds57  Expireds88  Inactives82   10/02/2007

Somebody smack this kid!  Make him sit down.  I can't see! An unavoidable consequence of successful business marketing is a greater emphasis on me, myself and I--the three most selfish people on the planet. I'm one of the first "boomers."  I came around in 1948.  My generation found its way into the history books as the "Me Generation." "Generation Me" followed, born in the 70's, 80's and 90's.  You can't tell me what to do! You're not the boss of me! You can't make me! Me.  My.  Mine! From our youngest years we're selfish.  Selfishness used to be something parents wanted to reverse in their children, so that they would be well received by others, and successful in their future careers.  If children insisted on remaining selfish, they became a source of embarrassment to their parents. ... 10/01/2007

                                                                              With all the doom and gloom that's being broadcast everywhere by the media, it's nice to hear that some areas of real estate are stronger then ever. According to an article in the September issue of Today's Buyer' s Rep, it seems that many people are taking advantage of lower home prices to make their dream of owning a vacation home come true. A study done by the National Association of REALTORS found that although sales of investment properties and single family homes are down right now, vacation and second homes sales have been slowly rising in record numbers. In 2006 vacation home sales actually rose 4.7% nationwide, setting a new record, while primary residence sales declined just over 4%. Looks like vacat... 10/01/2007

Many baby boomers are looking at Tucson for retirement or for a winter home. So what makes Tucson real estate and living in Tucson better than other areas? For those moving to Tucson from larger cities like Chicago, New York City and Washington DC, the price of homes are considerably less. If moving from North Dakota, Kansas or Nebraska you may be in for a shock. A 1,600 square foot home may cost anywhere between $160,000 to $300,000 depending on what geographical location you choose. Getting with a REALTOR® will prove helpful in determining what area will fit your needs. There are a variety of communities at your disposal. You can conduct a home search or search for a golf community to see what I mean. Baby boomers will find adult communities, gated communities, golf communities, eque... 09/30/2007

Manufactured housing is not the trainwreck that it's perceived to be by the lending community.  'Course when a real train hits a single-wide, you're looking at the result on the right. Manufactured homes in Tucson are generally located on lots three to five times larger than those for new construction.   They're affordable at one-third to one-half the price of a site-built home. Of course, since Fannie Mae tightened up on the guidelines, they're more difficult to finance, but I'm doing more existing (not new) manufactured home loans now than at any time in the past four years. Objections to purchasing manufactured homes during the past three years included a common theme:  "They won't appreciate like site-built homes." I agree.  But while site-builts in investor-ridden communities langu... 09/28/2007

On the Southwest side of Tucson is a master development community where home buyers can get more bang for your buck. One of the best kept secrets in Tucson real estate. Homes in this community sell for thousands less than comparable communities because of misunderstanding of the southwest. Homeowners get more for less, leaving money for living and enjoying life. Little known to the public are the inner workings of Midvale Park. There are two entities that benefit the homeowners of Midvale Park. The first is the Midvale Park Master Review Board (MVPMRB). This is the governing body, better known as the homeowners association. The MVPMRB Board of Directors has seven members who listen to the requests and advise of homeowners to apply the CC&R’s in a compassionate and responsible manner. T... 09/28/2007

Here is the 24 hour report for 9-27-2007 activity in the Tucson Real Estate market according to the Tucson MLS.This information is provided directly from our local MLS. Please feel free to check back often for the most accurate and updated information available in the Tucson area for local real estate reports and statistics.For more free reports and Tucson Real Estate visit http://www.wiselisting.com/24-Hour Market WatchNew Listings144  Back on Market15  Price Increases16  Price Reductions116  Contingents36  Pendings32  Solds57  Expireds29  Inactives41   09/27/2007

What does Habitat for Humanity Tucson and golf have in common? Find out at the second annual Tucson of REALTORS® Golf Fundraiser. At the inaugural event in 2006 raised over $30,000 to apply toward building a home for a needy family. This event will be held at the El Conquistador Golf Club located on N. La Canada in Oro Valley between Lambert and Naranja. This is a great course where average to scratch players will find a good time. Register early to guarantee your foursome or personal enrollment. This is one event you won’t want to miss. Your contribution will help a family in need of a home. Read the rest of this entry » 09/27/2007

When I listed my clients beautiful home Zillow’s Zestimates priced it a $189,000. My clients priced at $196,000. just below the comps. When they dropped the price to $189,900, Zestimate dropped to $186,700. Now that they are dropping the price to $186,900, Zestimate comes back with a $180,350. Yet the exact same house down the street with no upgrades, not kept as nice is Zesitmated at $94,0000. In the word’s of our son, “What’s up with that?” The market is tough enough without bad information going out to buyers. I keep track of all the sales that are comparable to the property I have listed. Some with less square footage have sold, yet no Realtor showed my clients home. Some with the same square footage on the same street sold, yet no Realtor showed my clients home. Ones that I previe... 09/26/2007