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Oro Valley Real Estate - Long Realty Market Share 2019

9/21/2019

Oro Valley 38.6%

Metro Tucson 27.1%
Sun City 54.5%
Tucson Luxury 49.2%
Saddlebrooke 59.1%
North Tucson 45.6%
Dove Mountain 37.0%
Southern Arizona 27.1%
Long Realty pros are the best of the best. Of the top 100 agents in Tucson, 50 are Long Realty pros.

Oro Valley Real Estate - Open House

9/20/2019

Sunday September 22nd, 12-3pm

10884 N Pusch Ridge View Place, Oro Valley, AZ 85737
4 Bedrooms, 3 Car Garage, 2820 SF, Gated, Pool, 0.41 Acres, Views, $798,000
Nestled on a premium view lot in the exclusive gated Pusch Ridge Vistas II community, this remarkable semi-custom Sombra built home offers privacy along with w/sweeping Pusch Ridge views! The front courtyard welcomes you into this beautiful Spanish Colonial style three-bedroom home. Features include chef's dream kitchen w/5 burner gas cooktop, 42'' cherry cabinets, Sub-Zero Refrigerator/Freezer, stainless steel double ovens, microwave, wine cooler, granite counters, breakfast bar & walk-in pantry. Great room w/gas fireplace & high-end Bose surround sound. Formal Dining. Tranquil Master suite w/gas FP, surround sound, walk-in closet, dual sinks, soaking tub & large separate shower. Inviting outdoor living boasts Pebble Tec, saltwater pool w/hand-cut tile waterfall wall, spa, travertine paver patio with fireplace and banco seating, outdoor kitchen & bar seating, surround sound & professionally landscaped yard. Oversized 3-car garage w/built-in cabinets & overhead storage. Tile floors throughout except bedrooms. Split Bedroom Plan. Laundry room w/cherry cabinets & utility sink. A true Oro Valley gem!

Oro Valley Real Estate - Electrical Dangers

9/19/2019

Electrical fires are the third leading cause of home structure fires, according to The Electrical Safety Foundation International.
Fortunately, there are a variety of preventative measures you can take to help make sure that one doesn’t happen to you.
Here are the most dangerous things you could be doing in terms of your house’s electrics.
Using adapters on two-prong outlets
Plugging in to loose electrical outlets
Not getting old wiring checked out
Not using the correct outlets in the bathroom and kitchen
Ignoring exposed or frayed wiring in the bathroom
Not paying attention to flickering lights
Overloading your circuit
Using malfunctioning appliances
Plugging in the wrong extension cords outside
Taking on complex DIY projects
STAY SAFE

Oro Valley Real Estate - Tips when Applying for a Mortgage

9/18/2019


Buying a Home? Here are the basics.
If you know what to expect – and you have a knowledgeable team of real estate and mortgage-lending professionals to assist you – finding and financing your first home can be an exciting and rewarding experience.  Here’s what you need to know:

Obtain a mortgage preliminary approval before you begin house hunting.
Learn how much home you can purchase.
Strengthen your bargaining position with sellers.
Work with Ian Taylor, Long Realty to find the right home.
Determine your needs and create a wish list of desirable features.
Take notes as you preview homes using our house hunting checklist.
Make a purchase offer.
Ian Taylor, Long Realty presents your offer to the seller, who will then choose to accept, counter or reject the offer.
When the price is settled, you and the seller sign a Purchase Agreement, defining the terms of the sale.
Complete the loan application process.
If you have already obtained a mortgage preliminary approval, contact your lender and let them know you have a contract on a home. Your mortgage consultant will update your loan application and help you to proceed with the home financing process.
Have the home inspected.
If you choose to have a home inspection, hire a professional home inspector after the offer has been accepted to provide an in-depth look at the basic systems of the house, which can reveal any safety hazards and give you a chance to reconsider the deal.
The home will be appraised.
An appraisal, required by your mortgage lender, is a formal, written estimate of the home’s current market value.
Obtain title insurance. (where applicable).
Title insurance guarantees the property you are purchasing is free of liens or confusion in rights of ownership, and it also insures against any losses to the property that result from defects in the title or deed.
Close on the property.

A closing agent coordinates and distributes all the paperwork and funds.
Ownership of the property is transferred.
And you become the proud owner of your new home!

Oro Valley Real Estate - Common Home Loan Questions

9/17/2019


Do you need a down payment to get a loan?

How well does your credit need to be to get a mortgage?
What are closing costs?
Which are better, fixed-rate or adjustable-rate mortgages?
Is it better to get a 15-year loan or a 30-year loan?
What is the difference between pre-qualification and pre-approval?
What is an escrow account, and why is it necessary?
What is included in the mortgage payment?
Which type of mortgage should I choose?
Will my mortgage be sold to someone else?
Getting a mortgage is a significant part of the home-buying equation.

Oro Valley Real Estate - Refinancing Time is Now

9/13/2019

Mortgage rates, which remain near three-year lows, stand to help not only home buyers but current homeowners. In fact, homeowners who purchased property as recently as a year ago could reap significant financial benefits by refinancing today.
Eighty percent of mortgages originated in 2018 have an interest rate at least 0.75 percentage points higher than today’s 3.4% average. But those are hardly the only homeowners who may want to consider a refinance. Borrowers who took out a mortgage before 2004—when interest rates were much higher—also stand to decrease their rate by 1.75% or more by refinancing.
More than half of American homeowners with a mortgage have a rate that is at least 75 basis points higher than the current average. It’s the largest number of potential refinancers since 2000, when Black Knight began tracking the metric.
Homeowners also are finding more equity in their homes. Total home equity nationally surged to a record high last quarter of $6.3 trillion. The average homeowner has $14,000 in equity available via a cash-out refinance or other home equity product. The majority of homeowners—76%--could access their “tappable” equity with little change to their existing 30-year rate or perhaps even a slight improvement.
Tappable equity is highest in cities, such as Los Angeles and San Francisco. But many homeowners in Texas, Arizona and Florida are also seeing significant amounts of equity.

Oro Valley Real Estate - September Housing Report

9/12/2019

In the Oro Valley area, August 2019 active inventory was 182, a 31% decrease from August 2018. There were 85 closings

in August 2019, a 5% increase from August 2018. Year-to-date 2019 there were 689 closings, an 8% increase from
year-to-date 2018. Months of Inventory was 2.1, down from 3.2 in August 2018. Median price of sold homes was
$365,950 for the month of August 2019, up 15% from August 2018. The Oro Valley area had 82 new properties under
contract in August 2019, up 6% from August 2018.
http://www.longrealtyonline.com/HousingReportSelect.asp?Agent=2002158&Area=OV&SubArea=&Source=LRCA&Report=hr-ov 
View ALL Housing Reports Here
https://www.orovalleyrealestate.com/Oro-Valley-Real-Estate-Market 

Oro Valley Real Estate - Why Homeownership Makes People Happier

9/11/2019

Most Americans have no regrets about buying a home. In fact, it’s made them happier, a new survey shows.

Ninety-three percent of Americans say they are happier after buying a home, and 83% would never go back to renting, according to Bank of America’s latest Homebuyer Insights Report, based on a survey of nearly 2,000 consumers. Most owners say they have an emotional attachment to their home, and ownership also has improved their lifestyle and variety of hobbies.
Eighty-eight percent of survey respondents say that buying a home is the best decision they’ve ever made. Seventy-nine percent say that owning a home has changed them for the better. Three out of four homeowners surveyed say they pursued new hobbies after buying a home, including:
Landscaping/gardening: 47%
Cooking/baking/grilling: 45%
Interior design/remodeling: 33%
Further, two-thirds of respondents say their relationships with family and loved ones has changed for the better since purchasing a home. They credited homeownership as improving their relationships in the following ways:
Given families a sense of pride: 47%
Allowed homeowners to entertain more: 49%
Enabled homeowners to bring the entire family under one roof: 24% 

Oro Valley Real Estate - Retiring? Tucson Ranked Number One

9/9/2019


From Realtor.com News More and more baby boomers these days are flipping the script and opting for a city with, well, everything a city has to offer. They're ditching the stock notions of retirement from previous generations and seeking to spend their golden years in urban areas that have walkability, great restaurants, culture, good public transport, and decent prices—pretty much the same things that America's other ginormous demo group, millennials, crave. The difference is, more boomers can foot the bill.

And as the largest generation ever to retire, at around 74 million strong—10,000 per day now hitting age 65—its movements are already having ripple effects in the hottest neighborhoods of many U.S. cities. But where? Realtor.com® found the fastest-growing retirement cities where boomers are moving in. Get ready for the silver tsunami.
"Many boomers recognize that cities are a great place to age," says Daniel Levine, founding director of the Avant-Guide Institute trends consultancy. "Everything is often within walking distance, from restaurants to hair salons. Add the plethora of cultural activities and aging in the city is sort of like one big retirement home.
"America's cities are dynamic engines of change," he adds, "and boomers are as much as part of that as younger generations."
The top retirement cities have "higher than average access to exercise opportunities, healthy food options, and parks,” says Rodney Harrell, AARP’s director of Livability Thought Leadership. "They're easier to walk in and have more transportation options."
To zero in on the best urban retirement meccas, we started by calculating the counties with the greatest numbers of incoming folks aged 55 and up (calculated on a per capita basis), and those that have seen the biggest increases over the past two years, according to the U.S. Census Bureau data. We selected the primary cities from those counties.*The Northeast didn't make the cut because it's expensive and cold (some things, like the desire for warmer weather, never change). And you'll see that many of our entries are cheaper alternatives to bigger, way pricier cities nearby. Can't afford San Fransisco? (Hey, join the club.) Give Sacramento a look!
So which cities are experiencing a boomer boom?
1. Tucson, AZ
Median home list price: $290,000
It's not exactly a shocker that an Arizona city topped our list. The 286 days of sun a year and reasonable cost of living make the state a perennial favorite among retirees. But budget-conscious boomers craving the city life are bypassing costlier Phoenix, with a median $340,000 list price, for much more affordable Tucson.
The desert city offers a surplus of 65-plus retirement communities as well as a vibrant downtown, extensive bike paths, gorgeous hiking trails, and award-winning Sun Tran bus system. The city has access to more than—count 'em—40 golf courses. Tucson is also home to Banner-University Medical Center, one of U.S. News & World Report's top 50 hospitals in the country.
2. St Louis, MO
3. Tampa, FL
4. Denver, CO
5. Atlanta, GA

Oro Valley Real Estate - This Age Group Is Pushing Home Prices Higher

9/9/2019

Millennials are jumping into homeownership in larger numbers, and they’re firing up home prices.
Home price gains had been shrinking over the last year, but increases reversed course and annual gains started trending higher this summer. Home prices increased 3.6% in July compared to a year ago.
Sales of new and existing homes this July were up from a year ago, supported by low mortgage rates and rising family income. With the for-sale inventory remaining low in many markets, the pickup in buying has nudged price growth up. If low interest rates and rising income continue, then we expect home-price growth will strengthen over the coming year.
More than a quarter of millennials—the nation’s largest generation—says they’re interested in buying a home in the next 12 months. But limited supplies of homes for sale are undercutting their house hunt. At the end of July, the inventory of homes for sale was nearly 2% lower compared to a year ago. In July, there was a 4.2-month supply of homes for sale; a six-month supply is considered a balanced market.
A growing number of millennials are expressing an interest in buying homes, reinforcing the theory that this cohort is continuing to engage within the housing market. But with so few homes available for sale, the imbalance has created an affordability crisis that is getting worse every day. Demand exceeds supply and we’re unsure of when the two will balance out.
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