HAFA Explained

by Tucson Realtor - Michael Krotchie August 15, 2010

HAFA is an acronym for Home Affordable Foreclosure Alternatives, a government-sponsored program that helps individuals and families who are experiencing difficulty in selling their homes. In conjunction with the Home Affordable Modification Program (HAMP), HAFA was initiated on November 30, 2009 by the U.S. Treasury Department under the Obama Administration with the goal of revitalizing [...]

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Cash is Still King in Tucson

by Tucson Realtor - Michael Krotchie August 14, 2010

What’s the Deal? Cash buyers have come out of the woodwork in Tucson and are snapping up properties left and right. Take a look at the trends over the last five years: Total Properties Sold Cash Deals Percentage of Market 2005 18,677 2,748 14.71% 2006 16,308 2,076 12.73% 2007 13,403 1,796 13.40% 2008 11,012 2,110 [...]

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Live the Solution – Great Opportunity for New Homeowners With Down Payment Assistance

by Tucson Realtor - Michael Krotchie August 13, 2010

New Vista and the National Community Stabilization Trust are working together to create a unique opportunity to assist NSP homebuyers and help rebuild the Tucson community. The great part is 35 local area properties will be part of this event and they have all homes have been removed from the market, inspected, repaired, and are [...]

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Why Does the Arizona Daily Star Use Zillow Statistics?

by Tucson Realtor - Michael Krotchie August 9, 2010

It really does drive me crazy. Why don’t they call up one of the 5,000 agents in Tucson and ask them for concrete statistics and evidence of housing activity in Tucson? In today’s AZ Daily Star there is an article (South side hit hardest by housing value drop) that has the following graphic: Look I [...]

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Bank Owned Properties in Tucson Are Everywhere!

by Tucson Realtor - Michael Krotchie August 9, 2010

Take a look at the map below, I did a quick search for all bank-owned properties that sold in Tucson since the beginning of the year and expected to see localized clusters of REOs.  I was surprised to see that the carnage was pretty uniformly widespread with total sales in the amount of 1,863. Guess [...]

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Tucson Market Continues to Be Paced by Homes Under $250k

by Tucson Realtor - Michael Krotchie August 7, 2010

The Tucson market has shown a level of stability over the past few months that we have not seen for quite awhile; most of the past few years has been a story of gradual but continual decline. It appears that the market is beginning to right itself from the foundation up as evidenced by the [...]

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Tucson Market Statistics for July 2010

by Tucson Realtor - Michael Krotchie August 5, 2010

July market statistics are in and the market did not have much movement. Days on Market (DOM) is up from last month and the absorption rate also had a slight uptick to 7.74 months, a nearly 20% improvement from July of 2009. I anticipate the next couple of months being fairly productive as the fall [...]

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Miramonte Homes at the Preserve

by Tucson Realtor - Michael Krotchie July 20, 2010

Dove Mountain is still expanding and one of the builders at the front of the expansion is Miramonte Homes, an established local builder whose attention to detail is evident in their quality home construction. They are currently building in The Preserve along with another builder (Insight Homes) but have a much more attractive price point; [...]

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