It's all here! News on the Tucson real estate market, tips and information for your Tucson real estate needs, and my occasional "likes" about Tucson and all the things we love about it. Read on!

Friday, June 28, 2013

Tucson Real Estate Stat of the Week: Loan Rates Leap!

 "Rates take the biggest weekly leap in 26 years!"

Scary headlines, and yes, fixed rate mortgage rates took their biggest weekly jump in 26 years this week, with 30-year fixed rate mortgages (with an average of 0.8 point) rising from 3.93% last week to 4.46%.  15-year fixed rate mortgages rose as well, with this weeks average (with 0.8 point) rising from 3.04% last week to 3.5% this week.

Sounds scary, and yes should be a warning to buyers still sitting on the fence.  With the feds cutting back on the bond buying stimulation plan, rates may continue to rise.

But keep this week's rates in perspective.  The last time 30-year rates were this high was less than two years ago.  So from a historical perspective, these are still pretty darned good rates.   So with rates still relatively low, and Tucson home prices still affordable (our prices haven't taken off like some other markets), Tucson homes are still quite affordable and worth a look. 

Thursday, June 27, 2013

Tucson Favorites: "after the quake" at The Rogue Theatre - Final Weekend

 "after the quake is a rich beguiling tale.  It shouldn't be missed," says Kathy Allen in the Arizona Daily Star.  

I would add very funny as well as Tucson's Rogue Theatre hits one out of the park with this contemporary play featuring an outstanding young cast. 

"It shouldn't be missed" Click this link to see the full Arizona Daily Star Review

And click  The Rogue Theatre's after the quake    for more information and tickets. 

Monday, June 10, 2013

Tucson Real Estate: Stat of the Week

The May homes market statistics are out from the 
Tucson Multiple Listing Service (MLS.)  
The number of Tucson homes sold last month was at
the highest monthly level in seven years....going back to June of 2006.  1,437 homes sold in May.  The investors have been here all along, but we are seeing more regular homeowners (first-time buyers, buyers moving up to larger homes, retirees) than before.

As the chart to the right shows, 80% of those were single family homes, the remainder a mix of townhomes, condos and manufactured homes. 

Click here for the full report:
Tucson MLS Homes Market Stats for May 2013