Tucson, AZ Real Estate News

By Nora Adkins
(Realty Executives)
Yes...  We are in a Buyer's Market.  Yes... There are a lot of foreclosures on the market.  Yes...  Many banks have toughened their standards for purchasing a home.  Yes... You can use the equity in your home to plan for your retirement.  Yes...  This is a great time to get into the rental market.  Right now the purchasing power you have as a buyer is amazing!  Sellers are motivated to make a deal and with the stricter lending practices going into effect many would-be homeowners will need to sit back and save up a little cash prior to purchasing a home.   What this means for you is that now is a great time to purchase rentals.  Get moving while the market is in your favor.  Now really is the best time.  For more information on real estate investments, call today, or visit me on-line at ...
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By Douglas Trudeau, MBA, Assoc. Broker, Selling Tucson Real Estate
(Tierra Antigua Realty)
On Sunday my wife told me no Open Houses today, go play golf with your son and daughter-in-law. How many golfers envy me for such a wonderful wife? So we set out to El Rio Golf Course. Our son played his best game ever, our daughter-in-law played better than I’ve seen her play as well, and I had my worse score in 3 years. Plan a fade, and straight into the trees, plan straight and fade into the next fairway. Go figure. 75 yards out and on for a one putt. 20 yards out and over the green into the sand. Lesson learned, don’t lay off for a month and a half then go out to play without even hitting the driving range. Saturday morning practices I’ll see you this weekend. All said, two out of three for the day wasn’t bad. We managed to finish in 3 hours and 21 minutes. Rumor has it that Tucson...
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By Nora Adkins
(Realty Executives)
Tucson's east side is full of fun, adventure, shopping, great food and wonderful real estate.  Having lived on Tucson's East Side for over 25 years I have come to know and love the area well.  For Fun and Adventure... I recommend the following Tucson East Side attractions:Saguaro National Park East,  www.nps.gov/sagu Sabino Canyon, http://www.sabinocanyon.com/Mt. Lemmon, http://www.mt-lemmon.com/Golf n' Stuff, www.golfnstuff.com/location/tucson/index.htmMovies, www.fandango.com/centuryparkplacemall20_aapqi/theaterpageFor Shopping... I recommend Park Place mall, http://www.parkplacemall.com/For Great Food... I recommend the following:http://www.laparrillasuiza.com/http://www.casamolina.com/http://www.grandmatonyspizza.com/http://www.sakuratucson.com/http://www.pandavillage.com/www.emol.o...
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By Mike Jones, Mike Jones NMLS 223495
(SUNSTREET MORTGAGE, LLC (BK-0907366, NMLS 145171) )
  The Arizona Sonoran desert is surprisingly beautiful. Eons of wind and rain sculpt the granite backbone of the Tucson Mountains into amazingly intricate forms. My favorite is the Rock Angel of the Desert.  Facing an outcropping opposite Cat Mountain, she stands silent, wings folded, head bowed, face obscured by its cloak.  Her form is ethereal.  For half an hour during the afternoon the sun paints the rock face with shadows, and she appears.  As the sun inexorably moves on its way to evening, she disappears from view. No named trail leads you to her, but the location between Cat Mountain and Cat Back is easily accessible, either from Tucson Estates II or from the east flank of the mountain which overlooks Tucson. If you visit, do so in the early afternoon, and bring a camera.  It's w...
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By Mike Jones, Mike Jones NMLS 223495
(SUNSTREET MORTGAGE, LLC (BK-0907366, NMLS 145171) )
The Hugh Norris Trail to Wasson Peak is a 4.9 mile hike each way that gains and loses more than 2,100' in elevation. A portion of the trail is created out of the mountain itself.  It's a stairway to Heaven!   These stone steps near the beginning of the trail have been around since shortly after the depression that hit the US economy in 1929.  They were built by the Civilian Conservation Corps. (the CCC) I've hiked up and down the old steps since 1998 with my old friend George Mitchell. The summer before last, I was pleased and surprised to find that someone was adding to the staircase. I don't know why the crew in the 1930's stopped after 1/4 mile or so.  Now, though, after a hiatus of 75 years, someone had picked up where they had left off.  I noticed the  new steps were granite, just ...
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By Marsee Wilhems
(RE/MAX Majestic)
Here is the 24 hour report for 8-17-2007 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 Listings136  Back on Market17  Price Increases9  Price Reductions158  Contingents29  Pendings36  Solds59  Expireds31  Inactives57  
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By Douglas Trudeau, MBA, Assoc. Broker, Selling Tucson Real Estate
(Tierra Antigua Realty)
Javalina Press published a book authored by Larry Cox titled The Book of Tucson Firsts. There are some interesting facts and historical facts for every one. Everything from the first red light district to the first official Catholic Church in Tucson. Some of what you can expect. Air conditioning finally arrived to Tucson in 1930 at the Fox Theatre.The earliest mission in the Tucson area was San Xavier del Bac in 1692.The first Catholic Church in Tucson itself was in 1863.During Easter of 1914 100 golfers tested the first nine holes of the “skin course,” Tucson Country Club.In 1929 the first grass golf course opened in Tucson, the El Rio Country Club.Veterans Hospital was opened in 1928. You will find additional interesting trivia about Tucson throughout the book.
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By Marsee Wilhems
(RE/MAX Majestic)
Here is the 24 hour report for 8-16-2007 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 Listings158  Back on Market10  Price Increases9  Price Reductions121  Contingents31  Pendings34  Solds55  Expireds52  Inactives45  
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By Douglas Trudeau, MBA, Assoc. Broker, Selling Tucson Real Estate
(Tierra Antigua Realty)
The Arizona Star reported that First Magnus halts loans. Falling prey to the mortgage debacle that is effecting availability of home loans across the nation. Its getting ugly out there. It looks like everyone is panicking about the sky is falling. We went through similar in the 1980’s with S&L’s closing. Pygmalion effect is at work. If enough of the herd believe, it becomes reality. Spook one and the whole heard panics, changes direction in a mad rush, and trample the weak or less fortunate. A friend explained it in layman’s terms. When people feel there is a dollar tomorrow to replace the one the spend today, they will spend it. If they feel that there is no dollar to replace it, they hold on to it. That is what is happening on a much larger scale. The secondary market for mortgage loa...
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By Marsee Wilhems
(RE/MAX Majestic)
Here is the 24 hour report for 8-15-2007 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 Listings173  Back on Market18  Price Increases13  Price Reductions127  Contingents44  Pendings32  Solds57  Expireds41  Inactives54  
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By Nora Adkins
(Realty Executives)
Tucson (TOO-sahn), Arizona is a great place to live.  Here are some reasons why I love it here so much: (no particular order.)We just passed the 1M mark and still feel and act like a small town.We make a point to go outside when it rains (and most of us don't own umbrellas.)The house with the biggest shade trees wins.You can go through our zoo in 1 hour.Rocky Point is only 4 hours away.Mt. Lemon is only 20 minutes away.We don't own heavy coats.We never put our shorts away.Home of the Chimichanga.Can you say.....ARIZONA WILDCATS!!! 
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By Douglas Trudeau, MBA, Assoc. Broker, Selling Tucson Real Estate
(Tierra Antigua Realty)
Tucson Association of Realtors released their official report for July 2007. Reported home sales were lower than I anticipated with an official number of 1,098. I checked this morning and the adjusted sales were 1,137. Didn’t quite hit the mark of 1,233. This is the most I have been off since I started predicting sales in January 2006. Anyone can speculate on the cause. Was it the tightening of mortgage requirements may be one factor to the reduction? Was it the negative reporting from the media can be another factor adding to the fear some buyers may be feeling? Were some buyers being on vacation for the summer? The list can go on and on as can opinions. Though home sales declined from June, there is no consistent indication of the market sliding. August will provide a better picture. ...
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By Marsee Wilhems
(RE/MAX Majestic)
Here is the 24 hour report for 8-14-2007 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 Listings182  Back on Market22  Price Increases9  Price Reductions141  Contingents58  Pendings30  Solds57  Expireds29  Inactives49  
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By Douglas Trudeau, MBA, Assoc. Broker, Selling Tucson Real Estate
(Tierra Antigua Realty)
Tucson News & Events I read an article in the Arizona Daily Star this morning about Tubac, title Tubac debate, stay rural or go suburban. So, my wife and I took a trip to refresh our memory. I remember my late father-in-law talking about the areas of Tubac, Tumacacari, and Arivaca. I remember the stories my wife would tell me or a romantic era in when they would travel to Arivaca, swim in the pool (now covered), row boats in the lake (now dry), and enjoy the festivities at the Cow Palace. I remember stories from a fellow worker who was a Highway Patrolman in the 1950’s chasing as he put it, “Old man Kinsley.” Because if he every caught hims speeding he would get the biggest steak in the restaurant. I remember working that area in the 1970’s after getting out of the Marine Corps, and env...
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By Valorie Bradley
(Long Realty)
Hi All,  Just wanted to let everyone know about my Blog for Greater Tucson Real Estate!   I provide up to date real estate info for Tucson as well as fun information to help people get acquainted with the area and all it has to offer. Find local restaurant reviews, community events and more at  my Blog at www.greatertucsonrealestate.blogspot.com . I enjoy your feedback and comments!
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By Marsee Wilhems
(RE/MAX Majestic)
Here is the 24 hour report for 8-10-2007 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 Listings147  Back on Market16  Price Increases11  Price Reductions140  Contingents46  Pendings32  Solds56  Expireds25  Inactives64  
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By Marsee Wilhems
(RE/MAX Majestic)
Here is the 24 hour report for 8-09-2007 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 Listings173  Back on Market15  Price Increases8  Price Reductions111  Contingents51  Pendings33  Solds38  Expireds33  Inactives48  
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By Douglas Trudeau, MBA, Assoc. Broker, Selling Tucson Real Estate
(Tierra Antigua Realty)
Chris Ansley, the developer of JW Marriott and the Spa at Starr Pass has dedicated another 84 acres to Tucson Mountain Park. Bringing the total to 279 acres of dedicated land. He didn’t stop there. He previously set up an impact user fee that toda holds approximately $1,000,000 to provide maintenance and funds for purchasing more land for the park. The current developer of Starr Pass changed the density of home building in that community when he purchased it from his predecessor. Rather than trying to squeeze as many homes as possible on the land he did the reverse. He reduced the number of homes per acre, increased the value, and reduced the impact on a prestigious area. This community has everything from luxury apartments to luxury homes in a gated community. The golf course is challe...
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By Marsee Wilhems
(RE/MAX Majestic)
Here is the 24 hour report for 8-08-2007 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 Listings176  Back on Market12  Price Increases12  Price Reductions123  Contingents38  Pendings50  Solds58  Expireds39  Inactives62  
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By Mike Jones, Mike Jones NMLS 223495
(SUNSTREET MORTGAGE, LLC (BK-0907366, NMLS 145171) )
EDIT:  A BILL REQUIRING LICENSING WAS PASSED THE FIRST WEEK IN JULY, 2008, AND THE GOVERNOR HAS SAID SHE'LL SIGN IT! (Last Summer-2007)  I've only been in the mortgage business for four years, all of them here in Tucson, AZ.  I'd like to hear what people in Tucson, Arizona think about licensing for loan officers.  If you're for it, what can we do to make it happen?  If you're against the idea, please tell me why.  The truth of the matter is that no loan officer in the state of Arizona has been required to take any class, pass any test, or have any oversight at the State level for proficiency and/or ongoing education.  If you had your hair cut last week, the person who performed that service took a required course of study, took a state examination, proved their proficiency at their cho...
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