Green Valley and Sahuarita AZ Real Estate Listings, Homes and Land for sale. Southwestern Realty, Sahuarita AZ

My Real Estate Blog

Just Listed! 219 N Calle Acuarela Green Valley, AZ 85614

April 10th, 2008 8:17 AM

$134,900.00
219 N Calle Acuarela

Green Valley, AZ 85614

Beds: 2.0	Rooms: 2
Baths: 2.00	Sq. Ft.: 1302.00
Garage: 0	Built: 1979

Green Valley Townhome close to shopping in Arizona.

This is a new listing that
I thought you might be
interested in. Visit this
listing online to see more
photos of the property,
Google Earth satellite
images, and much more.

If you have any questions
about this property or
require more information,
please feel free to call.

Ralph Schnelle
RE/MAX Valley Properties
520-940-0614
www.myrealestateofarizona.com

Visit this listing at Here

Posted by Ralph Schnelle Designated Broker on April 10th, 2008 8:17 AMPost a Comment (0)

Just Listed! 862 W Calle Del Regalo Green Valley, AZ 85614

April 29th, 2008 6:33 AM

$214,900.00
862 W Calle Del Regalo

Green Valley, AZ 85614

Beds: 3.0	Rooms: 3
Baths: 2.00	Sq. Ft.: 1741.00
Garage: 2.0	Built: 1978

This is a new listing that
I thought you might be
interested in. Visit this
listing online to see more
photos of the property,
Google Earth satellite
images, and much more.

If you have any questions
about this property or
require more information,
please feel free to call.

Ralph Schnelle
RE/MAX Valley Properties
520-940-0614
www.myrealestateofarizona.com

Visit this listing at Here

Posted by Ralph Schnelle Designated Broker on April 29th, 2008 6:33 AMPost a Comment (0)

Just Listed! 1023 W Placita Inocente Green Valley, AZ 85614

April 22nd, 2008 6:45 AM

$429,900.00
1023 W Placita Inocente

Green Valley, AZ 85614

Beds: 3.0	Rooms: 3
Baths: 2.00	Sq. Ft.: 2073.00
Garage: 2.0	Built: 2000

This is a new listing that
I thought you might be
interested in. Visit this
listing online to see more
photos of the property,
Google Earth satellite
images, and much more.

If you have any questions
about this property or
require more information,
please feel free to call.

Ralph Schnelle
RE/MAX Valley Properties
520-940-0614
www.myrealestateofarizona.com

Visit this listing at Here

Posted by Ralph Schnelle Designated Broker on April 22nd, 2008 6:45 AMPost a Comment (0)

Rancho Sahuarita is the place to be in APRIL!

April 19th, 2008 6:52 AM

Car Show and Resident Business Fair
Cars, trucks and all the rest will be heading to Rancho Sahuarita on Saturday, April 19^th from 10:00 am to 2:00 pm for our Annual Car Show! Enjoy vehicles from all decades, makes and models as they compete for top prizes in multiple categories. The fun doesn't end there, also join us for our Resident Business Fair featuring over 35 companies all with roots in our community! Food vendors and family entertainment for all ages will also be available. Families can enjoy laser tag, an inflatable boxing ring with oversized boxing gloves, kiddie train rides, Henna art tattoos, face painting and a jumping castle. Come and be part of the excitement as we celebrate April in Rancho Sahuarita!

Are you interested in entering your vehicle into the car show? All vehicles from the oldest to the newest are eligible. Register on the day of event. Registration begins at 7:30 am, NO Pre-registration and NO fees are required. Cash prizes and plaques will be awarded to first and second places in all categories!

Coffee Social
Mark your calendar for the next Coffee Social on Friday, April 25th at the Clubhouse. Join us from 8:00 am to 10:00 am for free coffee and pastries. No registration is necessary and the event is FREE! Make plans to meet your friends or come and make new friends. Coffee socials are held every other Friday. Check the myranchosahuarita.com website for future dates! We will see you there!

Community Clean-Up Day
In conjunction with Earth Day, April 22^nd, Rancho Sahuarita will be holding a Community Clean Up event on Saturday, April 26^th from 8:00 am to 12:00 noon. Residents are encouraged to participate by getting out into their neighborhoods and doing some general maintenance. This could include sweeping the sidewalks near your home, picking up trash in the surrounding desert area, or just general yard work on your own yard. Rancho Sahuarita staff will be in the neighborhoods lending their efforts for a great cause! Let's work together to keep our little part of the planet clean.

At the Clubhouse, a certified shredding company "Shred-It" will be on hand to conduct a community shredding. Simply bring your documents or papers to the Clubhouse between 8:00 am and 12:00 noon and "Shred-It" will do the rest! Households are limited to 1 box no bigger than 20 inches X 20 inches (No businesses- please). Clean out those old files and take advantage of this FREE service.

Also at the Clubhouse, Waste Management will be providing Rancho Sahuarita with a big recycle bin and a roll off dumpster for bulk trash. This means you can bring your recycle items, like cardboard boxes, newspapers, etc... to the Clubhouse to be recycled. You can also bring up your bulk items for disposal such as tree branches and other items that may not fit into your residential trash containers. Again, there is at no fee and this service will only help make our community a little cleaner.

Meet the Candidate Night
Join us at the Rancho Sahuarita Clubhouse at 6:30 pm on Thursday, April 24^th to meet the candidates in the upcoming election to the Board of Directors! The event will give you an overview of the election process, a chance to hear from each candidate, and an opportunity to mix and mingle with the candidates and fellow Rancho Sahuarita residents. Don't miss this chance to become an active and informed member of our community! There is no registration for this event, simply come and enjoy!

Posted by Ralph Schnelle Designated Broker on April 19th, 2008 6:52 AMPost a Comment (0)

NAR: Existing-Home Sales to Level Off

April 9th, 2008 6:46 AM

Little change is expected in existing-home sales over the next few months, before improving notably during the second half of the year, according to the latest forecast by the NATIONAL ASSOCIATION OF REALTORS®.

Lawrence Yun, NAR chief economist, says the market will come into clearer focus this summer.

“Existing home sales could start to show a sustained increase within a few months, unless there are some additional economic problems or excessive inflationary pressure,” he says. “We’re looking for essentially stable sales in the near term, before higher mortgage loan limits translate into more sales in high-cost markets. The wider access to affordable credit should increase sales activity notably this summer as pent-up demand begins to be met.”

The Pending Home Sales Index, a forward-looking indicator based on contracts signed in February, slipped 1.9 percent to 84.6, from an upwardly revised reading of 86.2 in January. The index was 21.4 percent lower than the February 2007 index of 107.6.

“The slip in pending home sales implies we’re not out of the woods yet, though an era of successive deep sales declines appears to be over,” Yun says.

By the Region

Here’s what the index reveals across the nation with existing-home sales:

Northeast: rose 3.2 percent in February to 71.8 but remains 25.4 percent below a year ago.
Midwest: declined 3.7 percent to 82.7 and is 17.4 percent lower than February 2007.
South: fell 5.5 percent in February to 85 and is 30.3 percent below a year ago.
West: dropped 9.8 percent in February to 84.6 and is 17.1 percent below February 2007.

Home Sales Forecast

Existing-home sales are likely to rise from an annual pace of 4.9 million in the first quarter to 5.9 million in the fourth quarter. With relatively weak activity in the first part of the year, existing-home sales for all of 2008 is forecast at 5.39 million, increasing 6.6 percent to 5.74 million in 2009.

“Exceptionally weak home sales related to jumbo loans problems will depress home prices in the first half of the year, but steady liquidity improvements in the conforming jumbo-loan market will help prices recover in the second half of the year,” Yun says.

The aggregate existing-home price will probably ease by 1.4 percent to a median of $215,800 for all of 2008 before rising 3.7 percent to $223,800 next year.

Yun says that there will continue to be wide variations in regional housing market conditions.

“Some parts of the country that can expect improvement include the Northeastern region and the oil-patch states of Texas, Oklahoma, Louisiana, and Arkansas,” he says. With lower interest rates and flat home prices in many areas, NAR’s housing affordability index is forecast to rise 14 percentage points to 127 in 2008.

New-home sales are projected to fall 25.7 percent to 576,000 in 2008 before rising 4.6 percent to 602,000 next year. Housing starts, including multifamily units, are estimated to drop 26.3 percent to 999,000 this year, and slip another 0.5 percent to 994,000 in 2009. The median new-home price will probably fall 3.6 percent to $238,400 in 2008, and then rise 4 percent next year to $247,800.

Other predictions on factors that can impact the housing market:

Mortgage rates: 30-year fixed-rate mortgages, which has fluctuated recently, should average 5.8 percent in the second and third quarters, but trend up to an average of 6.3 percent in 2009.

Growth in the U.S. gross domestic product: expected to be 1.4 percent in 2008 and 2.4 percent next year.

Unemployment rate: forecast to average 5.4 percent this year and 5.6 percent in 2009.

Inflation: (as measured by the Consumer Price Index) is projected at 3.4 percent in 2008 and 2.2 percent next year. Inflation-adjusted disposable personal income is likely to grow 1.2 percent this year and 3.0 percent in 2009.

“The economy will not grow in first half of the year,” Yun says. “However, the combination of recent fiscal stimulus enactment and the lagged impact of monetary policy will help jump start the economy in the second half.”

—REALTOR® magazine online

Posted by Ralph Schnelle Designated Broker on April 9th, 2008 6:46 AMPost a Comment (0)

More Americans Fall Behind on Debt

April 7th, 2008 4:06 PM

More Americans have fallen behind on consumer loans today than at any time in the last 16 years, according to the American Bankers Association.

The bankers said the percentage of loans at least 30 days late rose to 2.65 percent in the fourth quarter of 2007.

Delinquencies on home equity loans rose to a 2 1/2-year high of 2.39 percent, and delinquencies on home equity lines of credit rose to 0.96 percent, matching a level last seen in the fourth quarter of 1997.

"There's no question that the economy is weakening beyond housing, resulting in the loss of household purchasing power," says John Lonski, chief economist at Moody's Investors Service. "Deterioration of household credit should continue through 2008, though the rate may moderate. If it intensifies, then the current recession may prove more severe than anticipated."

Source; Reuters News (04/03/08

Posted by Ralph Schnelle Designated Broker on April 7th, 2008 4:06 PMPost a Comment (0)

Fannie Mae Raises Credit Standards

April 2nd, 2008 2:47 PM

Fannie Mae has tightened standards for the home mortgages it guarantees or buys.

The government-sponsored provider of home loan funding told lenders Monday it will require a minimum credit score of 580 for most loans it buys on an individual basis. Credit scores range from 300 to 850. In the past, Fannie had no minimum score.

Fannie also told lenders it will increase the period needed for borrowers to re-establish credit history after a foreclosure from four years to five. Fannie said it would allow shorter recovery periods for borrowers with "documented extenuating circumstances" that caused the foreclosure.

In a separate memorandum, Fannie, told loan services last week that it could extend forbearance periods on delinquent borrowers to as long as six months to allow borrowers time to find an alternative to foreclosure.

Source: The Wall Street Journal, James R. Hagerty (04/02/2008)

Posted by Ralph Schnelle Designated Broker on April 2nd, 2008 2:47 PMPost a Comment (0)