Patricia Paul Properties

Patricia Paul Properties

Commentary on Tucson Area Real Estate, Home Ownership, Rental Homes, and Life around the Tucson Community
Tag » In The News
Jun 05, 2013
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Home prices in Arizona are definitely on the rise.  In fact, only two other states have home prices that had a higher increase.   Nevada was first among the states, followed by California in second place, and Arizona in third place.  To get the whole picture, read this article published by Arizona Daily Star.

 http://azstarnet.com/business/local/arizona-leads-on-improving-home-prices-mortgage-deliquencies/article_f75160f8-27fe-59b3-a475-5c94a991a4d0.html  

Just keep in mind that property taxes are based on the valuation of the home.   Recently people were complaining about the low values of their homes; but now that the values are rising, taxes most likely will, too. 

The increase in home prices means that a number of people may now have more equity in their homes.   Folks who need to sell now may not need to short sale their homes.  It's a great time to sell your home.  There are a lot of buyers out there, and the inventory is limited.  Homes that are priced right and marketed well are selling quickly.

If you'd like to discuss the possibility of selling your home, please call me.  

 

Patricia Paul, Broker, GRI ***  This e-mail address is being protected from spambots. You need JavaScript enabled to view it *** 520-548-2078

                                                                                                   


Feb 04, 2013
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It's true; every day you hear more and more about how our housing market is recovering.  It has been going on for the past year or more.  It's also been said by some that the housing industry is now the driving force behind the nation's economic recovery.

Now the new home builders are also ramping up their production to try to meet the demand.  Inventory is still fairly tight in the resale market.  With the increased demand for housing and with the still very-low interest rates, the industry expects this growth will continue.

Here's a thoughtful article from Inside Tucson Business, written by Roger Yohem on January 18, 2013 covering some of these topics.  There are some surprising statistics within.  To read the article, please click on the link below:

 

http://www.insidetucsonbusiness.com/construction_real_estate/housing-market-has-made-a-bona-fide-recovery/article_916331f4-60e6-11e2-bae0-0019bb2963f4.html

 

Patricia Paul, Broker  ***  Patricia Paul Properties  ***  520-548-2078


Jan 14, 2013
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 The housing market started its recovery right around the start of 2012 in most areas.  Some parts of the country, and certain cities have experienced more growth and increases than others.  You'll be surprised how well some areas are doing!    Here's an interesting online article written by Mamta Badkar for Business Insider Money Game, entitled:  "The 10 American Housing Markets That Made Tremendous Turnarounds in 2012".   

  http://www.businessinsider.com/top-10-turnaround-housing-markets-of-12-2013-1?op=1#ixzz2H2t9k3W1

 

Patricia Paul, Broker  *** This e-mail address is being protected from spambots. You need JavaScript enabled to view it '; document.write( '' ); document.write( addy_text84769 ); document.write( '<\/a>' ); //--> This e-mail address is being protected from spambots. You need JavaScript enabled to view it   ***  520-548-2078


Jan 04, 2013
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I recently read an article online from CNN Money, written by Chris Isidore that indicates that home prices have posted their biggest annual gains in two years.

The S & P/Case-Shiller index showed that prices rose 4.3% in October compared to last year.  That's the biggest improvement since the May 2010 homebuyers' tax credit.

They in part attribute this to record-low interest rates, lower unemployment, and fewer foreclosures.

Though not back to the pre-crash levels, the market is improving and prices increasing.

To read the article in its entirety, please click on the link below.

http://money.cnn.com/2012/12/26/real_estate/home-prices/index.html?source=linkedin&buffer_share=95a93

 

Patricia Paul, Broker  *** http://www.PatriciaPaulProperties.com  ***  520-548-2078

 

 


Mar 18, 2011
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I've been watching with horror, disbelief, and sadness the ongoing crises that have been occurring in Japan.  It is almost surreal.  First it started with a huge magnitude earthquake, which in itself was horribly devastating.  That was shortly followed by a massive tsunami which killed thousands and totally wiped out villages.   And then, when it's hard to believe things could get much worse for them, they've had to face the damage, destruction, and threatening meltdown of their nuclear power plants.
 
First, I acknowledge the Japanese people.  My heart is breaking for the grief and loss they are experiencing.  If I hadn't seen firsthand the videos of the force of that tsunami, I wouldn't believe it.  Cars, boats, and full homes being bashed around like miniture toys and carried away in water as far as the eye can see.  The deafening roar of the pounding and relentless wave as it ripped away everything in its path.  The shouts and cries of the horrified people as they scramble to try to get out of the path of the wall of water.  These images of this disaster are scorched on our brains, and will continue to haunt them and us.

Now they continue to struggle to resolve the numerous lethal situations occurring at their nuclear reactors, and to stem the escape of as much radioactive material as possible.  In the past week I have learned more about containment chambers, spent fuel rods, and millisieverts than I care to.  The brave nuclear plant workers have exposed themselves to beyond dangerous levels of radioactivity for the good of the other people, as they try to stop current and future catastrophes.  
 
At the time of this writing, there are 6,911 people known dead, and 10,316 remain missing.  I hope for the people of Japan that the disaster comes to a speedy end, so that they may begin to pick up the pieces, rebuild, and try to return to some acceptable form of life.    It will be a long and difficult road for them, but with our help and their stoic determination, I believe in time they will recover. 
 
Patricia Paul, GRI  ***  www.PatriciaPaulProperties.com  ***  (520) 548-2078


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