We are rolling out a new down payment assistance product. It’s a down payment assistance program that gives home buyers up to $40,000 towards down payment. It is specifically designed for foreclosures and abandoned homes. It comes with restrictions and won’t fit every buyer but it has some really nice components to it. The down payment assistance is in the form of a second mortgage with 0% interest and 0 payments provided the home buyer stays in the home as their primary residence for a period of time. It will be available starting July 6^th.

Call Don or Kathy Vallee to find out how you can take advantage of the program.

Call 520-219-1024

The National Assocaition of Realtors released the data for May  Existing Home Sales today. Fo r the past 3 months the residential aales are up 2.4% and rising.   A NAR survey of Realtors® in May indicated that more move-up buyers are coming into the market with First-Time buyers now at 29% of the market.  Distressed properties such as Short Sales and Foreclosures dropped to 33% of all sales from 45% in April.  The NAR chief economist, Lawrence Yun, believes that “Pending home sales indicated much stronger activity, but some contracts are falling through from faulty appraisals that keep buyers from getting a loan.”

 May National Sales

Existing Home Sales:       Up 2.4% from April to 4.77 mil units, but down 3.6% from May 2008

Inventory:                           Fell 3.5 % to 3.8 million units, a 9.6 month supply, down from 10.1 months in April

Median Price:                    $173,000 down 16.8% from May 2008      

 Regional Sales

Midwest:                             +9.0% from last month and -4.4% from last year.  Median price =   $145,800  down 10.4% from May 2008

Northeast:                          +3.9% from last month and -10.1% from last year.  Median price = $243,600 down 12.5% from May 2008

South:                                   Unchanged from last month and -8.9% from last year.  Median price = $157,400 down 9.9% from May 2008

West:                                    -0.9% from last month and +11.8% from last year.   Median Price = $197,700 down 30.6 from May 2008

 Read NAR’s press release at    http://www.realtor.org/press_room/news_releases/2009/06/ehs_continue?LID=RONav0021 

Read CNN Money news story at   http://money.cnn.com/2009/06/23/real_estate/existing_home_sales/index.htm?postversion=2009062310

Certifeid Disctresssed Property Experts- Don and Kathy Vallee wiht RE/MAX All Executives contact (520)219-1024. www.CallToAvoidForeclosure.com

CDPE of Tucson Arizona

***FEDERAL EMPLOYEES- PLEASE DONATE LEAVE TO RYAN HESS***

My name is Margie Hess, my husband Ryan was diagnosed on June 12, 2009 with a rare and aggressive form of Non-Hodgkin’s Lymphoma.  Since this is an aggressive form of T-Cell Lymphoma, his doctor has put him on an aggressive chemo regimen that will result in him being unable to work for the next 4-6 months and possibly longer.  At the time of diagnosis he was finishing up his 1^st year as a Podiatry Resident at the V.A. in Tucson, AZ.  Ryan is a devoted husband and father of two children, Hallie (5) and Max (2).  By the end of this month (June 2009), Ryan will use up the last of his vacation and sick leave and will have to go on unpaid leave.  Ryan is the sole provider for our family; I stay at home with both the kids.  Without him working we have no income.  I need to stay home to help care for him, so I cannot get a job right now, either.  As difficult as it is for our family to have to ask for help, we have realized that we must do so at this time.  We were told that any federal employee (ie: military, Border Patrol, DEA, FB I, Dept of Justice, EPA etc.  EXCEPT Post Office employees) can donate vacation time to be used as sick leave for another Federal employee.  We would be so thankful for any number of extra paid days we can accumulate.  Thank you so much.

How can you help if you ARE a Federal Employee?

Go to your HR department and request to donate leave to Ryan Hess who works for the VA.  (Your HR person will know the form that needs to be filled out- each Federal agency has their own form to donate leave) 

Once filled out and signed, the HR person will then need to fax or e-mail the form to:

OLIVIA McCLURE - Benefits Specialist (TUCSON V.A.)

Phone #: (520) 792-1450 x 6076

Fax #     :  (520) 629-1849

E-Mail   :  olivia.mcclure@va.gov

ALSO, for those who are federal employees, please print out this message and post it in break/lunch rooms to help get the word out as well as emailing it to co-workers!

How to help if you are NOT a Federal Employee:

PASS this along to ANYONE and EVERYONE that you know and then ask them to pass the message along.  Post it on blogs, Facebook…whatever you can think of.   

Thanks again everyone- this will help SO much!

GO TEAM RYAN HESS!

(E-mail teamryanhess@gmail.com to receive updates or to send a message!)

If you are a seller in the Tucson luxury home market right now…you must be looking for answers. There are little buyers in the luxury home market for the simple reason that jumbo loans are expensive to obtain.  Some of the new requirements include a 30 percent down payment and proof of income. Imagine that! Jumbo loans are typically at a higher interest rate than lower limit mortgages and this has contributed to the 15 percent drop in market share. In Tucson we range from 18 month - 24 month supply of inventory homes priced over $417,000.

For example, a Stone Canyon custom home featured as one of the ‘Street of Dreams” designer award winning homes just sold for $1.2 million down form the advertised priced during the show at $2.8 million. This was a “SHORT SALE”…

We have the list for Stone Canyon, HoneyBee, Dove Mountain, Canyon Pass, Catalina Foothills, La Reserve,  Sky Ranch, Canada Hills Estates, High Mesa, The 8th Green, Naranja Ranch, Coyote Ridge, Tangerine Heights, Copper Ridge, Sunridge II, and much more!

We have a list of luxury homes being advertised as “Pre-Foreclosure”…call us at 520-219-1024 and we would be happy to help you find a great deal! We specialize in helping homeowners avoid foreclosure! We speciaize in helping buyers find pre-foreclosure homes before the banks get them…so call us…!

Don & Kathy Vallee, CDPE, CRS-RE/MAX All Executives, Tucson, AZ  

www.CallToAvoidForeclosure.com

85704

5116 W. Coyote Gulch Loop, Marana, AZ 85658

 www.TucsonValley.com

Listing Presented by Don & Kathy Vallee-RE/MAX All Executives (520)219-1024.Heritage Highlands Gated, 24/7 guard gated enry in 55+ community with recreation center, golf, tennis, restaurant and much more! Luxurious subdivision of Heritage Highlands. Most popluar floor plan with 4 bedroom, 2 bath, 2338 sqft., single level home on premium mountain view lot with .18 acres. A tremendous value with upgrades to include: granite slab, custom tile through out, high ceilings & fans, designer paint, formal living & dining rooms, maple cabinets, and more. Close to Ritz Carlton & Golf resort to open 2010.

MLS#20917313. Directions: From Tangerine N on Dove Mountain blvd, W on Heritage Club (thru gate house) left on Heritage Canyon Dr. Rt fork in road is Coyote Crossing to address at 5116  W. Coyote Gulch Lp,  Marana, AZ  85658.

Call Don & Kathy Vallee, CRS, CDPE-RE/MAX All Executives, Tucson, AZ 85704. 

www.TucsonValley.com    

 

 

www.TucsonValley.com

Listing Presented by Don & Kathy Vallee- RE/MAX All Executives (520)219-1024. WOW! On the Fairway with UNOBSTRUCTED Mountain VIEWS! 55+ Guard Gated Heritage Highlands Community with recreation facilities-tennis, golf, lap pool, restaurant…Located up the street from the Ritz Carlton. Single level 4 bedroom, 2 Full bath, 1727 sqft., with all the bells and whistles. Spaciou and open kithcen features Corian counter tops, dark maple cabinets, breakfast bar, stainless steel applainces, formal living & dining, great room concept in kitchen with breakfast bar. Outstanding price-Country Club living-The preferred lifestyle.

MLS#20917322. Directions: From Tangerine Rd, N on Dove Mtn. blvd. to Heritage Club, W through gate house to Heritage Gateway, S to Winding Desert, W to address to 5400  W Winding Desert Drive, Marana, AZ.

Don & Kathy Vallee, CDPE, CRS-RE/MAX All Executives, Tucson, AZ, 85704

(520) 219-1024  WWW.TucsonValley.com

13683 N Gold Cholla Pl

www.TucsonValley.com

Listing Presented by Don & Kathy Vallee-RE/MAX All Executives (520)219-1024.Heritage Highlands is a premiere Golf & Tennis 55+ guard gated community. The preferred lifestyle with country club & golf amenities, restaurant, pool, spa, & fitness center. Gated, 24/7 controlled access. Don & Kathy Vallee have just listed a sunny and bright 2 bedroom, 2 bath, 1605 sqft. home. The popular Aurora floor plan features split bedroom plan, formal dining & living room, family room adjoins large kitchen with modern updates. 2 car garage with additional storage cabinets. Premium lot backs to common area. 

MLS #20917318. 13683  N Gold Cholla Pl,  Marana, AZ  85658. Directions: From Tangerine N on Dove Mountain Blvd. - Left Heritage Club, RT Heritage Canyon, LFT Heritage Gateway, LFT Nightstar, RT Gold Cholla.

Call Don or Kathy Vallee at 520-219-1024 for more information. As Certified Distressed Property Experts, CDPE, we speciaize in Foreclosures & Short Sales. 

RE/MAX All Executives, Tucson, AZ

Tucson, Arizona - The U.S. Department of Energy has announced that Tucson has been selected to receive $5.1 million under the Energy Efficiency and Conservation Block Grant Program. President Obama has funded a program called American Recovery and Reinvestment Act.

The funds will be used to reduce total energy use and help with fuel emissions, and improve energy efficiency.

New projects are in the works and this means more job opportunities for Tucson. Steve Chu the Secretary of Energy recently commented “The Block Grants are a major investment in energy solutions that will strengthen America’s economy and create jobs at the local level.”

The Tucson Green Jobs and Sustainable Community Coalition will examine and weigh opportunities for Tucson.

Mondays

Community Food Bank’s Marana Farm

12375 N. Heritage Park Drive

3-6pm

Call 520-449-3154

Wednesday

Downtown Farmers Market & Arts & Crafts Mercado

Joel D. Valdez Main Library

101 N. Stone Ave.

Call 520-3226-7810

Fridays

El Presidio Mercado

El Presidio Park (Almaeda/North Church Ave.)

10am-4pm

Call 520-326-7810

Uof A Farmers Market

Main Gate Square

10am-2pm

Saturdays

El Barrio Artisis & Farmers Community Market

1001 S. 6th Ave.

8am-3pm

Call 520-204-1393

Oro Valley Farmers Market

1100 N. La Canada

8am-noon

Call 520-918-9811

Rincon Valley Farmers Market & Artisans Market

13701 E. Old Spanish Trail

8am-1pm

Call 520-591-2276

St. Phillip’s Saturday Farmers Market

4380 N. Campbell

9am-2pm

Call 520-603-8116

Great news for the Tucson housing market! Since January ‘06 we had 6,890 listings. At this time last year, there were 8,800 or 21.78% more. The number of days on market is down in the 70’s from the 80’s and so far this year we are only down 219 units from 2008.

The median sales price dropped less than one percent last month and is now $164,000.

We have a trend going as the pending sales are moving closer together. In summary, our inventory is dropping and new sales are increasing so we are starting to absorb the over supply. This combined with the fact that new home permits are down indicates that the housing supply is coming closer and closer to demand.  We can conclude that prices don’t continue to fall when supply is on the decrease in relation to demand.