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- February 6, 2012: North Tucson - Pima Canyon Contemp. Goes under Contract
- February 4, 2012: Luxurious Tucson - Pima Canyon Home Goes Under Contract
- February 4, 2012: Tucson Luxury Home at Ventana Canyon Goes Under Contract
- February 2, 2012: Tucson Luxury Home at LaPaloma Home Sells for $1,750,000
- February 1, 2012: Tucson Catalina Foothills Burnt Adobe Sells Quickly!
- February 1, 2012: New Mediterranean at Tucson Skyline Country Club Goes Quickly Under Contract
- January 27, 2012: Catalina Foothills - Pima Canyon Home Listed Under 800K Goes Under Contract
- January 26, 2012: Tucson Luxury Home at Skyline Country Club Sells for 950K
- January 23, 2012: Catalina Foothills Beauty at Pima Canyon Home Goes Under Contract with List Price of $1,550,000
- January 21, 2012: Catalina Foothills - 2 Ridge-top Lots Under Contract in Sabino Mountain
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The Feb Cut the Rate by 1/2 point
We should see interest rates for Conforming (under 417K) fixed -rate loans stabilize down to 6%, which is better than we have seen all year. Now is a great time to buy since the inventory is good and rates are great! Hopefully, as a result, Jumbo loans (those over 417K) will move down to 6.5%; they have been about 7% in the past week or so. However, many luxury home buyers pay cash or put more than 1/3 down and are less influenced by interest rates than mainstream borrowers. This gives a shot in the arm to the housing market which is stabilizing but slows down seasonally at this time in Tucson.
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