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!

Sunday, December 31, 2017

“In the New Year, never forget to thank your past years because they enabled you to reach today. Without the stairs of the past, you cannot arrive at the future.” - Mehmet Murat Ildan

Thursday, December 28, 2017

Mortgage rates up but still relatively low

The average 30-year fixed mortgage rate was up a bit to 3.99 percent in this week’s survey, according to Freddie Mac. Although this week’s survey rate represents a five-month high, 30-year fixed mortgage rates are still below the levels at the end of last year and early part of 2017. Mortgage rates have remained relatively low all year.

Wednesday, December 27, 2017

New Federal Tax Law Limits Property Tax Deductions

The new tax law passed by Congress may limit the ability of some homeowners to take advantage of  deducting property taxes.  The new tax law limits the amount of state, local and property taxes that homeowners can deduct at $10,000.  While many homeowners are rushing to pay next year's property taxes this year, they should first consult their tax advisor and check out this link to an advisory that the IRS put out this week.  IRS advisory on prepaid real property taxes



Tuesday, December 26, 2017

Tucson Snapshot: Thursday Night Piano Bar

If you haven't yet discovered Downtown Tucson's Piano Bar, then go!  Fun Thursday evenings with good music, singing and cocktails at The Dusty Monk Pub               

Bartender Extraordinaire Laura takes a turn at the microphone with Elliot tickling the ivories
              

Sunday, December 24, 2017

"Christmas is a season not only of rejoicing but of reflection." - Winston Churchill

Friday, December 22, 2017

Fun Things in Tucson: More Christmas Doin's

Enough of gift wrapping and cookie baking. Get out of the house for some last minute Christmas fun.

It's a Wonderful Life at the Fox Theater

One of the three best and classic Christmas movies, It's a Wonderful Life screens Saturday afternoon at 2pm at the historic Fox Theater on Congress Street.  Check out the Fox's website for more information:  Tucson's Fox Theater   It's a Wonderful Life is a close third to my personal favorites...White Christmas (which the Fox showed last weekend) and Christmas in Connecticut, a totally under-appreciated Christmas movie with Miss Barbara Stanwyck and Sydney Greenstreet.

 Steel Drums and Winterhaven Lights

And what says Christmas in Tucson more than a stroll through
Winterhaven to see the lights and sip some hot chocolate? Saturday night includes some great steel drum music starting at 6:30. For more information check out:  Steel Drums in Winterhaven

Thursday, December 14, 2017

Tucson Homes Market Update: Prices Tick Up a Bit

The Tucson homes market continues its long...slow...recovery from the big crash of 10 years ago.  Unlike Phoenix and some other western states cities, we have not seen any dramatic booms in prices or numbers of sales.

But we are seeing an ongoing gentle price increase, with the occasional monthly pause. Average sales price in November was $246,437, an increase from October but still down a bit from September's figure. The median sale price of $207,527 in November, which many argue is the more accurate figure, actually hit the highest point since December of 2007! 

Total unit sales chugged along with 1134 homes sold, down a bit from earlier 2017 monthly stats but still pretty darned good.  Well priced homes in good condition are selling fast. Buyers don't seem to want to take on projects, but tend to be going for homes in move-in condition, often with the upgrades they desire already done.

Wednesday, December 6, 2017

Tis the Season! Holiday Home Hazards

An online outfit called InsuranceQuotes has put out a study pointing out the top dangers to your home in this holiday season. 

Number 1 on the list is what they call porch pirates, or those who prey upon your Amazon packages or Aunt Minnie's fruitcake that delivery companies leave on your porch when you are not home.

Number 2 is the danger of theft and wanton destruction of your home outdoor holiday decorations...you know...all those lights and that inflatable snowman you got on the spur of the moment at Home Depot.

And Number 3?  Now this is a serious one...house fires! The study reports that 6.5 million homes have had a fire started by a Christmas tree (presumably bad lights) and 9.7 million homes have had fires caused by errant candles. They don't cite a time period for those stats, but be aware anyway.

So with due caution...Merry Christmas and Happy Holidays!