Tuesday, December 27, 2016
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 CNBC.com article.
Friday, September 23, 2016
This is a country-wide trend reported by the National Association of Realtors on Monday. Median prices showed a 5.1% increase while sales dropped 0.9%. Lower inventories is one of the causes. Click on the link to read the full CNBC.com article
Sunday, July 24, 2016
Tucson job growth, declining foreclosures and new home sales make for a very good 2016 so far. The highlight is the expansion of the sales in the $200,000 to $299,000 range indicating improvement in "move-up sales for homeowners previously stuck." Click on the link to read the full Tucson.com article
Saturday, July 23, 2016
The concern about affordable housing eased in June when 33% of the transactions were first-time home buyers. This was their biggest market share in four years. Click on the link to read the full USA Today article
Wednesday, May 18, 2016
April's listed home sales were down seven from last month, however that was still 6.6% better than April, 2015. In addition, the average sale price moved up 4% to $221,260. Click on the link to read the full Tucson.com article
Saturday, April 23, 2016
How up? Home sales moved to 16% over last year's numbers; average sale price ($212,988) increased a bit to 2% and lastly, single family home building permits jumped 39% over a year ago. Click on the link to read the full Tucson.com article
Saturday, January 23, 2016
Sunday, January 10, 2016
For real estate, 2015 ended with a bang. December sales volume jumped nearly 39% over the previous month. Click on the link to read the full Tucson.com article.