Ability Realty

It is looking like the bottom is here. Units Sold was up by 64 over the last month and this was indicated by the number of units that went pending in April/March. The number that went Pending for May went down some but I expect the number of Units Sold to be very close to the May number.  Inventory went down by 384 units and this will make it harder to find what buyers are seeking. The good ones will get snapped up. I think we will see a firming in listed price and offered price and probably start seeing multiple counteroffers.  The time involved to buy a short sale is weighing on buyers as to the uncertainty. They do not want to wait 3+ months to find out if they are able to buy the home. 

* Closed during the month
** For the current month (not the total listing under contract)

There has been good housing news coming out all over the West. Even Phoenix has seen a big jump in homes sold. We are not Phoenix but their statistics seem to drive the Arizona figures making Tucson look worse then we are. We are Tucson and somewhat different. We will still see Short Sales and Foreclosures, but soon that number will start to decrease. Once those slow down we will not see the push down on properly priced homes but a push up and possibly a larger push up from the $8000 credit for anyone that has not owned a home in the last three years. FHA has approved using the $8000 towards closing costs and additional down payment if the lenders can provide a Bridge Loan until the buyer files their taxes. You will still need 3.5% of your money for the down. As soon as I know who is doing it I will put it on my Blog.
 
You need to start the loan process and start looking. Call me at 520-240-7130 if you need help.