Just Listed:

Views - Views - Views !!!

Stunning new listing in Oro Valley - a perfect fusion of contemporary and Mediterranean architecture, breathtaking mountain views, 4,264 square feet of elegance, comfort and luxury. A truly unique home in a desirable gated community. This home offers it all - dream gourmet kitchen, high ceilings, windows galore offering mountain and city views, pool-spa-grill, 3 or 4 bedrooms, 3 1/2 baths, wine cellar, covered courtyard, water features throughout, just to mention some of the many highlights. This unique property is offered at $1,215,000. Please call me for an appointment if you are interested and maybe you know someone who would be. It is a stunning home where no luxury was spared.

Wall Street Shadow Markets

Although this was aired some time ago last year, I believe it puts some light on what's going on in the financial and real estate market. We are asking ourselves: how could this happen? With all the conflicting and confusing news we are bombarded with every day, and the hole seeming to get deeper and deeper for the financial institutions, I thought this video helps to understand the underlying problem. Does it make me feel better? I cannot say that, but I prefer to know and understand. The question still remains: How can it be fixed? Is it fixable? How long will it take? Thinking about that 94% of Americans pay their mortgages and that we really only talk about 6% of the market, it is amazing that people could take these 6% and create such a crisis. I am still looking to find more information to understand better and get a clearer picture.
In the meantime, I believe that everything is well. If you wish, check out my blog "All is Well - Life is Good", and hopefully it will make you feel better.

http://www.cbsnews.com/video/watch/?id=4502673n

Housing Report "Tucson" - March 2009

Here is the Housing Report March 2009 which will give an overview of what's going on in the Tucson market. Are we at the bottom? When will it improve? No one knows at this time but as you can see, there are sales and a lot is going on which hopefully will affect the Real Estate market positively.

http://longrealtyimages.fnistools.com/images/uploads//RECos/17/ContentFiles/housingreportnewsletter.pdf?1237155431295

Wonder who "Rosey" is? She is our CEO at Long Realty Company!

REO, Short Sales and Foreclosures Specialist

Have finished my training and it was most interesting. I had done some seminars before but never in this depth. It really opened some new horizons for me and showed me opportunities which I didn't see feasible before. Now to the drawing board, more research and let's see what properties I can find. It is definitely a way to offset the traditional RE market which at this time is not as strong as we wish. Looking at it from an angle that it will help sellers to go on with their lives and buyers to find properties at interesting prices makes it appealing. It can be a win-win situation for everyone. It was a worthwhile training.

Foreclosures

A step in the right direction! This should help the struggling Real Estate market and reduce the foreclosures which so negatively influence values. Anything which brings the inventory to a more normal level has to have a positive impact. We have a long way to go, but we are getting closer to the end of the tunnel!

http://www.nytimes.com/2009/03/05/business/05housing.html?_r=1&th&emc=th

The American Recovery and Reinvestment Act of 2009, enacted February 17, 2009

Please find below a summary of above stimulus package.

http://www.facebook.com/l.php?u=http://www.yousendit.com%2Ftransfer.php%3Faction%3Dbatch_download%26send_id%3D659931299%26email%3Dfc825bbe38122dce1f4c43fce7614636

Greed or Creativity?

Thought this article was shocking and amazing! I am all for creativity and thinking out of the box, but how far will some people go? Wanted to share it with you and maybe you let me know what you think?

http://dealbook.blogs.nytimes.com/2009/03/04/ex-leaders-of-countrywide-profit-from-bad-loans/?emc=eta1

Tucson Housing Report February 2009

In total, there were 10,578 residential closings in 2008 valued at $2.56 billion in 2008 in Tucson.

As of January 2009 active inventory was 7,707, a 20% decrease from January 2008.

There were 573 closings in January 2009, a 6% decrease from January 2008.

Months of Inventory decreased to 13.5, down from 15.7 in January 2008.

Median price of sold homes was $162,500 for the month of January 2009, down 19% from January 2008.

New under contract properties in January 2009 increased 29% from January 2008,
helped by lower residential prices and historically low mortgage rates.

You can also get more details on my website http://www.silviacoggin.com/ under Market Reports, or contact me for market conditions in your specific neighborhood.

Sold Listing

Really exciting. One of my listings sold today, after only 2 1/2 weeks on the market. Of course, still some contingencies to be met, but the contracts are signed! Everyone is happy and that's what makes real estate so exciting! I feel so much gratitude and appreciation seeing sellers and buyers happy and ready to continue with their lives!

www.silviacoggin.com

We are all wondering what is going on in the housing market. So, if you want to know more about our local market, not the Arizona general market of which we hear so much in the news, please go to my website: www.silviacoggin.com and click on "market report". Of course, if you have any questions, please give me a call.

Introduction

I will use this blog to publish and share real estate news and publications. We are living in a difficult housing market and economy and we are all looking for information.