Predictions - 2009 Luxury Tucson Foothills Real Estate

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.

This entry was posted on January 7, 2009 at 11:56 am and is filed under Foothills Luxury Homes. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response or trackback from your own site.

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