Recently Sold Ventana Prpperties

Saturday, December 29, 2012

Signed home buyer contracts up again in November

October's 5% pending home sales gain coupled with November's 2.5% increase sets the stage for an increase in December. Click on the link to read the Arizona Daily Star article.

Thursday, December 27, 2012

Bargain foreclosures and low inventories push home prices up

Two reports state home prices in the second quarter set a new 7-year high fueled by low inventories and high demand for bargain foreclosures. Click on the link to read the WSJ article.

Friday, December 21, 2012

Existing Home Sales Rose 5.9% in November

The National Association of Realtors reports that existing home sales jumped to nearly 6% last month. Click on the link to read the CNNMoney article.

Saturday, December 1, 2012

Six straight months of home price increases

S&P/Case-Shiller, the leading measure of U.S. home prices, reported that home values continue to improve. Click on the link to read the PRNewswire article.

Thursday, November 29, 2012

Impressive growth in home prices expected in 4 months

Fiserv Case-Shiller indexes suggest a 9.6 percent one-year growth spurt to begin the second quarter of next year. Click on the link to read the Arizona Daily Star article.

Wednesday, November 28, 2012

Housing leads economic growth

While other economic indicators, business investments and defense spending falter in an atmosphere of pending tax hikes and fiscal cliff talk, housing is a bright spot for consumers. Click on the link to read the WSJ article.

Tuesday, November 27, 2012

Housing on rebound, good news in 3rd quarter

Third Quarter Home Prices
There are two significant factors in the 3rd quarter housing news: The increse over last year's numbers was 3.6%. This growth helped shoot by last quarter's figures by a large margin. Click on the link to read the CNNMoney article.

Sunday, November 25, 2012

First-time home buyers encouraged to get in the game

Real estate experts sight the market bottoming out, low interest rates and home prices on the increase as important indicators for buyers interested in acquiring their first home. Click on the link to read the Wall Street Journal article.

Saturday, October 27, 2012

Mortgage interest deductions signigicant target for budget reduction advocates

The goverment can earn billions of dollars in tax revenues by eliminating homeowner deductions but that would put a hefty tax burden on those who take mortgage interest and local property taxes write-offs. Click on the link to read the Arizona Daily Star article.

Wednesday, October 24, 2012

New home sales reach 2-year high

The Census Bureau says September's sales better than August's 368,000 new home figure by 5.7%. One reason is mortage rates are low fostered by Fed's decision to buy $40 billion in mortgages to encourage growth. Click on the link to read the CNNMoney article.

Thursday, October 11, 2012

Existing home sales improve in all 12 Fed districts

A Fed report just published said existing home prices either increased or held steady across the country. Click on the link to read the WSJ article.

Wednesday, October 3, 2012

Home sales much better than expected in August

CoreLogic, a market research firm, says August home prices are up 4.6%, the strongest showing in six years. Click on the link to read USAToday article.

Thursday, September 27, 2012

Quantity of New Homes on the market have fallen

The number of new homes on the market has declined by 12% from one year ago. Click on link to read the WSJ article.

Wednesday, September 26, 2012

Home prices tick up again for third straight month

The S&P/Case Shiller report states home prices were up 1.6% over the previous month. Click on link to read the CNN article.

Thursday, September 20, 2012

Bank economist says "housing recovery has indeed started"

With home sales and construction of new homes up, Bank of America Merril Lynch economist indicates a corner has been turned in the housing recovery. Click on the link to view the Wall Street Journal articlde.

Wednesday, August 29, 2012

"More buyers chasing fewer homes ... prices go up."

New Case-Shiller report states home prices in 20 markets up vs. one year ago for the first time in two years. Click on link to view The Wall Street Journal video.

Friday, August 24, 2012

With new home sales up and inventories down in July, construction may get a boost soon

According to the Census Bureau, July's new home sales were up 26% and inventories dropped to their lowest level in 49 years. Click on link to view article in The Wall Street Journal.

Wednesday, August 8, 2012

Low inventories and high demand for bargain-priced foreclosures push home prices up

In the second quarter home prices rose by biggest percentage hike in the last seven years, according to two reports. Click on link to view article in The Wall Street Journal.

Tuesday, August 7, 2012

Home Prices Continue to Fall in Tucson

Around the country home prices are leveling out but not in Tucson. A report by The Fiserv Case-Shiller Indexes predicts Tucson home prices will only begin to recover in mid 2013. Click on link to view Arizona Daily Star article.

Friday, July 20, 2012

Housing Starts Are Strongest in Four Years

"Pima permits 26% above last year.

Permits for single-family homes and new-home closings in Pima County were up in June compared with last year.

"There were 162 permits issued last month compared with 116 in June 2011, real estate analyst John Strobeck said in a recent report. That puts permits for the first six months of the year 26 percent ahead of last year. There were 147 new-home closings last month compared with 107 in June 2011, Strobeck wrote.

"Over the same period, the median price of a new home rose to $203,038 from $194,066, the report said."

Carli Brosseau, Arizona Daily Star 7/19/12

Thursday, July 19, 2012

"So, What Is Happening With The Overall Real Estate Market?

"Coldwell Banker Residential Brokerage July, 2012 – Now, more than ever, it’s important to be careful about the headlines. Overall, there is a shortage of homes on the market. Because of demand, that shortage of homes is causing prices to rise and sales to decline. While overall that is true, beneath the “overall market” lies many sub markets that reflect other stories.

"The biggest change in the market has been in the mix. Distressed properties which dominated the bottom of the market have dropped dramatically while “normal properties” now represent the majority of the market. Because there are fewer distressed properties in the mix, the average and median sales prices have risen, but that does not necessarily mean that all homes have increased in sales price."

Source: Coldwell Banker Market Watch News Letter 7/19/12