The National Association of REALTORS (NAR) released their Existing Sales Report two weeks ago and in the report they discussed a troubling trend: canceled contracts are increasing dramatically. NAR defined the issue: “Contract failures – cancellations caused largely by declined mortgage ap
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10/05/2011
As of December 2009 active inventory was 6,327, an 18% decrease from December 2008. There were 850 closings in December 2009, an increase of 15% from December 2008. Months of Inventory was 7.4, down from 10.5 in December 2008. Median price of sold homes was $155,000 for the month of December 2009
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01/09/2010
Attention Tucsonans! Construction on the the Grant Road Improvement Project is not schedualed to begin until 2013. I know that sounds like quite sometime, but trust me, it will be here before you know it. This project is going to affect hundreds of businesses and many neighborhoods. And, I don't
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11/21/2008
Hey Everyone! Below, you will find the Long Realty Housing Report for Tucson as of November. It looks like inventory levels have decrease a bit since this time last year... Investors are definitely buying right now! Once they clean out all of the excess inventory, we should see the market gain so
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11/15/2008
Ok. So, last time I posted a prediction for the U of A football team I was dead wrong... I had to eat my words, as USC wore the Cats down in the second half. However, I do still contend, that Arizona put up a great fight! Since then, the Wildcats have become "Bowl Game Eligible" for the first tim
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11/14/2008
Veteran’s Day is Tuesday, November 11th! Just last week, we all had a chance to exercise a great freedom in this country, by going to the polls and voting for the next president of these United States. Whether or not you liked the outcome, know that you had an extraordinary opportunity to have
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11/10/2008
I've always had a feeling that the day would come when the University of Arizona would transition from being a basketball school to a football school... This might be the day! Wildcat basketball fans have had a tough last year and half or so... with Lute Olson taking a leave of absence, then comi
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10/24/2008