Recently Sold Ventana Prpperties

Monday, May 29, 2017

Zillow "Zestimates" can be off from 5% to 40%

"Zestimates," Zillow's estimate of a home's value is coming into question at the same time the company is offering $1 million dollars for a better algorithm to determine home prices. Click on the link to view the full news video.

Friday, May 26, 2017

Single unit Condos with government-backed mortgages may be staging comeback

In a recent talk at a Realtor convention, Housing and Urban Development secretary Ben Carson said he would like to revive the FHA condo financing program. This is very good news for sellers, buyers and condo associations. Click on the link to read the full article.

Wednesday, April 26, 2017

Sellers in first quarter of 2017 saw a $44,000 gain from purchase

ATTom Data Solutions, a leading provider of real estate and property data, reported Thursday, April 27 that in strong local economies with limited housing supplies, higher selling prices were encouraged by bidding wars and above asking-price offers. Click on the link to read the full CNN Money article. 

Friday, March 17, 2017

February saw strongest new single-family home construction since 2007

The Commerce Department noted other positive growth signs in February, too. Both permits and completions were up which means there will be a significant number of new homes in the spring to bolster current limited inventories. Click on the link to read the full USA Today article.

Sunday, February 5, 2017

Prepared land in short supply as new housing demand grows

Homebuilders are concerned, yet excited about the short supply of developed lots in the Tucson housing market. Single-family residential permits increased 24% in 2016 over 2015. Click on the link to read the full article.

Thursday, January 26, 2017

2016 home sales best since 2006

Even as December existing homes sales decline, prices for the full year were the best in a decade. Review the chart below and click on the link to read the full National Association of Realtors report.
Click on image to view larger

Tuesday, December 27, 2016

Home prices up 5.6% in October, but there is some concern

The S&P/Case-Shiller U.S. National Home Price Index rose to a new high in October reflecting consumer confidence and low unemployment, however the caveat is home prices cannot outpace income and inflation.  Click on the link to read the full article.