Front Page, Green Valley

IT’S TIME TO ENJOY THE HOLIDAY SEASON!!

Since this is the most celebrated time of the year, I must try to count some of my blessings, especially when it comes to the world of real estate. When it looked like things might begin to stablilize in early October, here comes Fannie Mae and Freddie Mac. Even with all the surprises they brought, they also have brought opportunity along with them. At least, it is obvious to me , that there is opportunity in that they need some regulation desparately and a sobering look at how they arrive at creating their loan programs. It is also a given that they need to massively tighten up their criterion for determining the eligibility of loan prospects. Along with constructive evaluation and redirection, the banks themselves need to get back to banking and forget the emphasis on the direction of speculation.
As realtors we are concerned about all the aspects of the home industry…not just sales, but sales that will tend to lead to the direction of responsible growth. In Green Valley, Arizona our MLS inventory is at 981 units avaiable on the market today. This has been very steady level for the last 2 months and that is a positive signal. In the calendar period from January 2nd of this year until the 10th of December, we have had 754 sales. In the same calendar period in 2007, we accomplished 961 sales in Green Valley. That translates to about a 22% decline from the 2007 period to the corresponding 2008 period. Considering the heighth and breadth of the revelations that have occcurred, that is not a terrible launching point. It is evolving into our busy season, and I look forward to more positive momentum in this area, hopefully making 2009 a great year for real estate. You can see all the homes on the market in our beautiful area on our website: www.greenvalleyazsearch.com. We are also looking forward to enjoying the rest of this year and hope all of you will do likewise.