Here are some interesting and valuable Tucson real estate short sale statistics. As of 05/05/12, there are currently 348 homes in the Tucson area that are active listings and are being marketed as “potential short sales”. As of today, 532 potential short sales are active capa and 673 are listed as active contingent. There are 136 homes being sold as short sales that are designated as pending. For the entire month of April 2012, only 169 potential short sales closed in Pima County. 1181 homes closed for the entire month of April in Pima county. It’s not easy getting them approved and closed. That’s why a buyer/seller should always consult with an Tucson real estate agent that has proven experience with them before moving forward with buying or selling a home as a short sale!!

 These constitute listings in Pima county only. This includes single family residences, townhomes, manufactured homes, mobile homes, and condos. If you’d like more information regarding Tucson Real Estate and Short Sales, please visit www.therealestateintucson.com or call me at 520-235-6221

Warren Buffett: I’d Buy Up ‘A Couple Hundred Thousand’ Single-Family Homes
Appearing live on CNBC’s Squawk Box, Warren Buffett tells Becky Quick he’d buy up “a couple hundred thousand” single family homes if it were practical to do so. If held for a long period of time and purchased at low rates, Buffett says houses are even better than stocks. He advises homebuyers to take out a 30-year mortgage and refinance if rates go down.
– “Warren Buffett on CNBC,” by Alex Crippin, CNBC, Feb. 27, 2012.

Excerpt taken from Positive Angles Vol 5, Issue 2.

Phoenix Housing Market

Phoenix, Ariz.
Two reports, one national and one local, suggest a healthy rebound in the Phoenix housing market.
According to a report authored by Michael Orr at the W.P. Carey School of Business at Arizona State University, Phoenix-area housing supply is down 42% from a year ago, foreclosures are down 52% from February 2011 and single family home prices have been trending upward since September 2011. CoreLogic, meanwhile, also shows a local drop in foreclosures, so much so that the Phoenix foreclosure market is tracking below the national foreclosure rate of 3.43% of outstanding mortgages.
– “Phoenix Housing Market Shows Strong Rebound,” by Jan Buchholz, Phoenix Business Journal, March 27,

This excerpt taken from Positive Angles Vol 5, Issue 3

Housing Experts Optimistic

“I feel as confident as I have since the crash began that it’s now coming to an end,” Moody’s Analytics chief economist Mark Zandi said. “With a little luck, I think we’re going to be feeling better about housing six months from now and certainly a year from now. . . . All the fundamentals for housing are much, much better today than at any time since the crash.”
Ted Gayer, co-director of economics studies for the Brookings Institution, noted that the housing market has experienced occasional spurts in recent years, leading some experts to predict prematurely that it was on the mend. But he said those short-lived periods happened largely because of artificial factors such as the federal government’s first-time home-buyer tax credit, which expired two years ago. Not so today. “There’s not substantial government intervention in the way there was before,” he said. “It’s more driven by the market. . . . It looks like the beginning of the recovery.”
– “Housing Experts Optimistic, Despite Dismal Data,” by Brady Dennis, Washington Post, March 27, 2012.

This excerpt taken from Positive Angles, Vol 5, Issue 3

Absolutely gorgeous mountain views from the large backyard. Priced at $142,000. Very popular and beautifully designed 4 bedroom floorplan. This home flows extremely well. High, vaulted ceilings. Open and spacious, large kitchen with abundance of cabinet and counter space. Large master bedroom with walk in closets and entrance to covered back patio. The views from the backyard are amazing. This is a definite must see!

Absolutely gorgeous mountain views from the large backyard. Very popular and beautifully designed 4 bedroom floorplan. This home flows extremely well. High, vaulted ceilings. Open and spacious, large kitchen with abundance of cabinet and counter space. Large master bedroom with walk in closets and entrance to covered back patio. The views from the backyard are amazing. This is a definite must see!

Great short sale opportunity in Vail, AZ. Absolutely gorgeous mountain views from the large backyard. Very popular and beautifully designed 4 bedroom floorplan. This home flows extremely well. High, vaulted ceilings. Open and spacious, large kitchen with abundance of cabinet and counter space. Large master bedroom with walk in closets and entrance to covered back patio. The views from the backyard are amazing. This is a definite must see!

Whether you’re looking to buy a short sale or sell your home as a short sale, only use an experienced expert when doing so to improve your chances of approval and closing on your dream home. Short sales aren’t easy and that’s why few are closed.

If you’d like to take a look, please give me a call at 520-235-6221 or email me at chadrickbrockschmidt@gmail.com. If you’re looking to buy a home in this area, you may want to look at this one!! I’m an experienced and certified short sale real estate agent so you can have confidence! You can also visit me at www.TheRealEstateInTucson.com as well!

Here’s another great short sale opportunity in Tucson, AZ. This beautifully designed home is priced at $270,000. It’s located at 6081 W Broom Tail Circle Tucson, AZ 85743. 4BR/3BA home with breath taking mountain views. This extra spacious home sits on 1.37 acres. More than enough space to spread out in!! 2 large master bedrooms with walk-in closets. Extra charming AZ room. Huge pantry, concrete firepit in the backyard. Approx 400 sq ft storage room/workshop. Great majority of the home has tile floors. Pomegranate tree, fig tree and more. Cozy and private cul de sac locationThis is an excellent short sale opportunity.

Whether you’re looking to buy a short sale or sell your home as a short sale, only use an experienced expert when doing so to improve your chances of approval and closing on your dream home. Short sales aren’t easy and that’s why few are closed.

If you’d like to take a look, please give me a call at 520-235-6221 or email me at chadrickbrockschmidt@gmail.com. If you’re looking to buy a home in this area, you may want to look at this one!! I’m an experienced and certified short sale real estate agent so you can have confidence! You can also visit me at www.TheRealEstateInTucson.com as well!

Here’s a great short sale opportunity in Oro Valley, AZ. This stunning home is priced at $675,000. It’s located at 11055 N Pusch Ridge View Place Oro Valley, AZ 85737. This is a gorgeous home with breathtaking mountain and sunset views. Nestled in the exclusive, gated community of Pusch Ridge Vistas. Enjoy resort style living in the spacious backyard & beautiful pool!! It comes with a courtyard entry with dramatically high ceilings throughout the home. Features include travertine showers & bathroom counters, 18” tile, plantation shutters, granite counters in the kitchen, cherry cabinetry throughout the home, travertine fireplaces in the Great Room & master suite, flagstone walks, and too much more to mention. The large and exquisitely done master suite has an extraordinary amount of room to relax in. Gourmet kitchen has an over abundance of cabinet, pantry, and counter space. Excellent views from the large Great Room. Formal dining room. Split BR floorplan. You can even choose to convert the large office into a 4th bedroom. This is an excellent short sale opportunity.

Whether you’re looking to buy a short sale or sell your home as a short sale, only use an experienced expert when doing so to improve your chances of approval and closing on your dream home. Short sales aren’t easy and that’s why few are closed.

If you’d like to take a look, please give me a call at 520-235-6221 or email me at chadrickbrockschmidt@gmail.com. If you’re looking to buy a home in this area, you may want to look at this one!! I’m an experienced and certified short sale real estate agent so you can have confidence! You can also visit me at www.TheRealEstateInTucson.com as well!

Foreclosures: In Perspective.
Coldwell Banker Residential Brokerage

April, 2011 – Perspective always depends on your point of view.  Certainly, Arizona has been heavily impacted by foreclosures and will for some time to come.  If your perspective comes from having gone through a foreclosure, or if your perspective comes from headlines, you are more likely to have a different opinion than if you are looking at the bigger picture or drilling down with objectivity.
Recently, The National Association of Realtors® (NAR) released a study that looked at foreclosures and the “shadow inventory” by state.  The study pointed out that Arizona was one of the states that has been most impacted (percentage-wise). However, when you look at the number of foreclosures estimated to be in the “shadow inventory”, you find that our number is a lot more moderate than the headlines. Even more encouraging, the study estimates that our Month’s Supply of foreclosures in the shadow inventory is estimated to be at 9 months. That compares to 51 months in New Jersey and 29 months in Florida. Bottom line, we will be able to work through the inventory of foreclosures much faster than others and the sooner we can work through the inventory the better for everyone.

 For more information, feel free to contact me at 520-235-6221 or I can be reached by email at chadrickbrockschmidt@gmail.com. You may also visit me at my website. The address is www.TheRealEstateInTucson.com.

As of 05/01/11, there are currently 930 homes in the Tucson area that are active listings and are being marketed as “potential short sales”. As of today, 333 potential short sales are active capa and 396 are listed as active contingent. There are 67 homes being sold as short sales that are designated as pending. For the entire month of April 2011, only 102 potential short sales closed in Pima County. 30 of the 102 homes being sold as short sales that closed successfully were located in the northwest area of Tucson. 1052 homes closed for the entire month of April in Pima county. It’s not easy getting them approved and closed. That’s why a buyer/seller should always consult with an agent that has proven experience with them before moving forward with buying or selling a home as a short sale!!

 These constitute listings in Pima county only. If you’d like more information, please visit www.therealestateintucson.com or call me at 520-235-6221

Planning Ahead! 
Coldwell Banker Residential Brokerage

March, 2011 – Most of us plan ahead when it comes to the milestones in our life. We plan ahead for weddings, graduations and retirement.  We also plan ahead for vacations or something as simple as inviting the neighbors over for a barbeque or party.  But most of us don’t plan ahead to reach our real estate goals.  So, here’s the question. Can you see yourself wanting a different style of home within the next 3-6 years? If so, now might be the time to act!

Recently the Wall Street Journal ran an article entitled “Getting a mortgage before the door shuts. “ The article talks about loans getting more expensive because of new regulations, fees and the attempts to fix the secondary mortgage market (Fannie Mae and Freddie Mac). There are already new fees scheduled to go into place and the uncertainty about the National debt is fueling concerns even more.  Additionally, should the private sector take over for the government in backing the secondary mortgage market, you can bet that they will require more security for their investment and that they will weigh the risk-reward ratio much more closely.  That too means higher interest rates.

 There was another article recently on Yahoo Finance “Warren Buffett is bullish…On Housing.” In the article Warren is quoted as saying “Money will always flow towards opportunity.“ The article also says that while the real recovery might be a year or so away, Buffett doesn’t spend money unless he anticipates making money.  The point is, Warren Buffett isn’t a follower. He’s usually the leader because that’s how he makes money.  He plans ahead!

 So if prices have bottomed and interest rates are anticipated to rise, where does that leave us?  I would never react out of fear.  But educated people and smart investors are seeing the writing on the wall.  Homes and properties will never be as affordable as they are today. 

So if the answer to the question, can you see yourself wanting a different style of home in the next 3-6 years is yes, maybe we should start planning to take advantage of the market. 

 For a detailed analysis specific to your property, I’m just a call away. I can be reached at 520-235-6221 or through email at chadrickbrockschmidt@gmail.com. You can also visit me at www.TheRealEstateInTucson.com .