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You are currently browsing the Tucson Luxury Homes weblog archives for December, 2007.

December 2007
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Archive for December 2007

There are a Lot of Buyers Looking in the Tucson Foothills in December

It is very surprising, but true: there are many potential buyers looking at homes in the Foothills this December.  November was pretty slow, but December has picked up tremendously. The word is out that prices may have hit rock bottom and interest rates are good.  While the housing inventory is good for buyers, they are out shopping!

Projections on 2007 Tucson Real Estate Sales

It appears that at the end of 2007 the real estate sales numbers will be very much like the 2002 figures.  It is very important to note that the Tucson average sales price has gone up 44% in the past five years and many of the Tucson Foothills luxury homes have gone up quite a bit more.  Real Estate is very local and neighborhood- driven. 

Info from a Recent Press Release

Although it may prove surprising to some: Illegal aliens are seeing fewer problems with all types of previously funded mortgages. Individual Taxpayer ID # loans are doing quite well.  They are seeing much  lower rates of foreclosures than the average home owner who has financed his house!  The Wall Street Journal had an article on this recently.

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