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New FHA Monthly Mortgage Insurance Rate Could Stimulate the Tucson Real Estate Market
The Obama administration announced that the Federal Housing Administration would be dropping its monthly mortgage interest rates from 1.35 percent to 0.85 percent. For Tucson’s real estate market it is something to get excited about. An FHA loan allows a buyer to put down as little as 3.5 percent, but due to the higher risk […]
Tucson Multiple Listing Service Status Definitions
When searching for homes in the Tucson Multiple Listing Service (MLS) it is important to look at the status of the property and know the status definitions. So many times the status of a property is overlooked and people spend tons of time looking at homes that are under contract not knowing the home is […]
36 Homes Sold in Tucson Yesterday! Did Yours?
There are some homeowners that have been waiting for months to get a price they hoped for when they originally listed their house for sale. The only thing they might want to consider is… If it hasn’t sold yet, maybe it’s not priced properly. After all 36 houses sold in Tucson yesterday, 36 will sell […]
How Soon Can You Buy a Home After: Short Sale, Foreclosure, Bankruptcy?
Guest post by Todd Abelson pictured to the right Definitions and Time required recovering from a distressed sale: foreclosure, short sale and bankruptcy Short Sale – is a sale of real estate in which the proceeds fall short of the balance owed on the property’s loan. It often occurs when a borrower cannot pay the […]
Tucson Walk and Bike Scores
Tucson Walk and Bike Scores are low on the walk score and medium to high on the bike score compared to other cities in the country. When looking for a place to live is the ability to walk to grocery stores and restaurants important to you? Or how about your ability to get around on […]
What is a Zillow Zestimate and Is It Accurate?
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!
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
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 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. […]
HARVARDS 5 FINANCIAL REASONS TO BUY A HOME
HARVARDS 5 FINANCIAL REASONS TO BUY A HOME Eric Belsky is Managing Director of the Joint Center of Housing Studies at Harvard University. He also currently serves on the editorial board of the Journal of Housing Research and Housing Policy Debate. Last year, he released a paper on homeownership – The Dream Lives On: the Future of Homeownership in America. In […]
According to the New York Times Home Ownership is Best Way to Build Wealth!
The New York Times recently published an editorial entitled, “Homeownership and Wealth Creation.” The housing market has made a strong recovery, not only in sales and prices, but also in the confidence of consumers and experts as an investment. The article explains: Homeownership long has been central to Americans’ ability to amass wealth; even with the […]
Fannie and Freddie formally announce 3% Down Programs
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 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?
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
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 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!
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 […]
Who’s Mortgage Do You Want To Pay?
There are some people that have not purchased a home because they are uncomfortable taking on the obligation of a mortgage. Everyone should realize that, unless you are living with your parents rent free, you are paying a mortgage – either your mortgage or your landlord’s. As a paper from the Joint Center for Housing Studies at Harvard University explains: […]
Gallup Poll: Real Estate Best Long Term 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 Homes For Sale
We have helped hundreds of Tucson homeowners find the perfect home! Tucson Homes For Sale Search for Tucson Homes For Sale by going to https://tylerford.exprealty.com/ The website is a great place to search for homes in Tucson. You can find all homes, land, and rentals that are listed in the Tucson Multiple Listing Service (MLS). If […]
Tucson Real Estate Housing Market Report – September 2014
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!
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 […]
Search For Tucson Fix Up Homes
Search For Tucson Fix Up Homes Are you someone that likes to do handyman work and build equity through your own sweat equity? Or an investor looking for a deal to fix and flip or keep as a rental? This is great place to start your search is in the category of “Fix Up” homes […]
See It – Save It – As a Question – Tucson Home and Land Search
Tucson Home and Land Search is a great place to search for all homes and land listed in the Tucson Multiple Listing Service (MLS). While on the site there are some cool features that will make your home search much easier so you can keep track of the homes that interest you. Check out the […]
Warren Buffett Says Mortgages Now a “No Brainer”
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!
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”
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 […]
Did You Know A Homeowner’s Net Worth is 36x Greater Than A Renter?
Over the last six years, homeownership has lost some of its allure as a financial investment. As homeowners suffered through the housing bust, more and more began to question whether owning a home was truly a good way to build wealth. The Federal Reserve conducts a Survey of Consumer Finances, every three years, and just […]
Do You Know The Economic Impact of a Home Sold?
Do You Know The Economic Impact of a Home Sold? Real estate is a vital component of our US economy. Not many people realize the true economic impact each time a home is SOLD. If you were to guess without reading any further, home much money on average would you think goes back into our […]
List Your Home With Us Get Professional Photos and Video For FREE!
First impressions are key when selling your home in Tucson, AZ! YOUR FIRST SHOWING IS ONLINE! From 2003 to 2013, according to the Tucson Association of Realtors, buyers who started their search on the Internet rose form 8% to 90%. Today, it’s a given your first showing is on the Internet! It is so important […]
Football Coaches You Need On Your Winning Tucson Real Estate Team
It’s that time of year in Tucson, Arizona when the focus is on the U of A Wildcats football. Football and buying or selling a home have a lot more in common than you might think. For example, take the coaching staff. These guys work together every week, making a game plan to achieve victory. […]
Did you know buying a home in Tucson is 38% less expensive than renting?
In Trulia’s 2014 Rent vs. Buy Report, they explained that homeownership remains cheaper than renting throughout the 100 largest metro areas in the United States; ranging from an average of 5% in Honolulu, all the way to 66% in Detroit, and 38% Nationwide! The other interesting findings in the report include: Even though prices increased sharply […]
The Cost of Renting vs. Buying
The cost of buying a home vs renting has never been lower. The cost of renting has increased while the cost of homeownership has gone down. It todays market owning a median priced home will only consume 15.3% of a households income. Check out the chart below. If you are in a position to buy […]
4 Reason To Buy a House in Tucson, AZ NOW!
Here are 4 great reasons to consider buying a home in Tucson, AZ now, instead of waiting. 1. Prices in Tucson, AZ Will Continue to Rise The Home Price Expectation Survey polls a distinguished panel of over 100 economists, investment strategists, and housing market analysts. Their most recent report projects appreciation in home values over […]
House Prices to Soar AFTER the Fed Raises Rates
“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 […]
How to Prepare Your Home for Real Estate Listing Photos
How to Prepare Your Home for Real Estate Listing Photos in Tucson, Arizona YOUR FIRST SHOWING IS ONLINE! From 2003 to 2013, according to the Tucson Association of Realtors, buyers who started their search on the Internet rose from 8% to 90%. Today, it’s a given your first showing is on the Internet! That is […]
Interest Rates Are Predicted to Rise in 2015. Waiting to Buy Could Cost You Thousands!
Interest Rates Are Predicted to Rise in 2015! Waiting to Buy a Home Could Cost You Thousands! If you look at historic mortgage rates by decade in regards to how it equates to a monthly mortgage payment you can see we are at an all time low. If you look at a $200,000 principle and […]
How To Sell Your Tucson Home Fast and For More Money!
How To Sell Your Tucson Home Fast and For More Money! 47 Ways To Make Your House Look Great! Did you know: Out of every 16 homes for sale, there are 1 SOLD, 11 ACTIVE, and 4 EXPIRED listings! Buyers choose the house that they perceive has the most benefits and features for the best value. Click on the link below for 47 ways to […]
Tucson Cycling Community
Tucson Cycling Community The Tucson Cycling Community is one of the best in the country! Arizona has the perfect topography for cycling year around with everything from the high mountains to desert flatlands. Arizona has a thriving cycling community and is one of bicycling’s best-kept secrets. The state of Arizona has some great bike rides […]
How To Select The Right Mortgage
HOW TO SELECT THE RIGHT MORTGAGE INTRODUCTION As you start to consider your mortgage options, you may quickly find yourself overwhelmed by the sheer number of choices. Give the number of bells and whistles that most mortgages can come with, the number or possible combinations means that literally hundreds of choices available. Talk about mortgage […]
To rent or buy in Tucson, AZ?
RENTING vs BUYING A HOME IN TUCSON, ARIZONA Owning your own home can bring financial rewards as well as pride. For many homeowners, the incentives for owning are financial. How many times have you heard renters say, “I’m tired of throwing my money out the window?” What home ownership means to you is a great […]
