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The NAR Commission Question: Unpacking Misconceptions and Future Implications

The NAR Commission Question: Unpacking Misconceptions and Future Implications

Realtors' commissions are among the most hotly debated topics in the evolving real estate landscape. Recently, an article by Land Hub, shed light on this matter, clarifying some common misconceptions and highlighting potential changes on the horizon. This discussion is particularly relevant as a significant lawsuit, which could reshape commission...
June 2024 Land Report

June 2024 Land Report

In the Tucson Lot and Land market, in May 2024, active inventory was 715, a 5% increase from May 2023. There were 74 closings in May 2024, a 1% decrease from May 2023. Year-to-date 2024, there were 315 closings, an 11% increase from year-to-date 2023. Months of Inventory was 9.7,...
Establishing Land Values & Broker Opinion of Values (BOV) vs. Appraisals

Establishing Land Values & Broker Opinion of Values (BOV) vs. Appraisals

I recently received an email from a woman who identified herself as a trustee of vacant land on Tucson’s west side. She asked if I could provide her with an analysis of this area and give her its current market value. I have received plenty of these requests before from...
May 2024 Land Report

May 2024 Land Report

In the Tucson Lot and Land market, in April 2024, active inventory was 696, a 1% increase from April 2023. There were 78 closings in April 2024, a 77% increase from April 2023. Year-to-date, in 2024, there were 238 closings, a 25% increase from year-to-date 2021. Months of Inventory was...

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