• Specializing in Tucson Land and Property Since 1985
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Is a “double dip” in the economy coming?

I certainly hope not but it seems recently that the mood of people that I interact with is taking a slightly downward, more negative turn. I’ve recently heard about continued job strife, stock market uncertainty, more pending “shadow” and actual foreclosures( shadow foreclosures are assets that Bank’s are taking back but don’t yet want to put back on the market for fear of overwhelming the market) , real estate values continue to slip and people still have little confidence to begin increasing their personal spending habits. On the other side there are a couple of brighter spots such as “move-up” builders actively buying more finished lots to construct homes in the $250,000 – $ 400,000 range and seeing strong activity in the sale of foreclosed lots and homes by both investors and end users. Its confusing as the signs seem to be mixed right now.

As intrinsically an optimist, most salespeople are, I’m holding out hope that things will slowly start to change toward the positive. What a great time for some good news from our Government; either locally or National. Come on elected officials; pose some solutions, find some answers. As we say in real estate circles; we’re ready , willing and able.

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