You are currently browsing the Tucson Luxury Homes weblog archives for the day January 7, 2009.
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Archive for January 7, 2009
Predictions - 2009 Luxury Tucson Foothills Real Estate
January 7, 2009 by Donna Anderson.
There is no doubt that in 2009 opportunity knocks for buyers. Now you can get into luxurious La Paloma and only pay in the $300,000s for a small patio home; or if that does not suit your fancy, you can buy a small home in Ventana Canyon in the $400,000s. Sabino Mountain even has a home listed in the high $300,000s; albeit, it is a foreclosure, but it is almost 3,000 square feet and has a small pool.
Jumbo interest rates (over 417K) are now obtainable in the high 5%s. Who would have thought that would come to be? Of course, high credit scores; usually 20% downpayment, etc. applies, although in rare cases jumbo loans 600K or under are approved with only 10% down. Conforming interest rates (under 417K) are hovering around 5% and may go even lower. So like the much lower gas prices we have seen in the last 4 months, interest rates are lower than ever imagined a year ago.
Opportunity knocks; call me at 520-918-2410 if you want to see all the best deals that the Luxury Tucson Foothills Real Estate has to offer.
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