2009 Forecast Summary

In celebration of National Commercial Day, I mean, Super Bowl Sunday, I am posting one of my favorite Realtor commercials. (didn't work, I'll try later - bummer!) You may have seen it. It's cute and the message is good.

Lovers of all things negative and dramatic, the national media often paints a dire picture. While that may be the case in some markets, there is a lot to be optimistic about in Tucson. These are a few points I brought home from Rosey Koberlein's (CEO Long Realty) talk at the Tucson Association of Realtors 2009 forecast meeting.

• Homes Will Sell! Buyers will buy, Sellers will sell!


• Low interest rates....for now


• Low interest rates plus price decline equals housing affordability


• Pima county has a positive growth factor


• Potential housing shortage based on frustrated sellers pulling out of the market, foreclosures, and lack of new builds


• Bargain hunters are back


• Pent up buying frustration: local residents and winter visitors: people have been waiting and waiting.

• January Burst in Tucson properties under contract (numbers from first two weeks)

• Power shift in Washington "Hope Brings Confidence"