Mortgage bond prices finished the week lower which put upward pressure on rates.  Trading was quiet the first portion of the week.  Stocks surged higher the latter portion of the week as the DOW hit record levels.  Housing prices continued to rise according to both the Federal Housing Finance Agency (FHFA) and the Case Shiller releases.  Low inventories coupled with low interest rates are two reasons cited for the year over year rise in prices.  Consumer confidence was stronger than expected.  Revised GDP rose 3.3% versus the expected 3% reading.  This figure moved in the right direction but many analysts still want to see higher GDP figures with so much support from the Federal Reserve.  Core PCE inflation rose 0.2% as expected.  ISM index was 58.2 as expected.  We ended the week worse by 1/4 of a discount point.

Information provided by: The Brannon Group / NOVA Home Loans

Happy Thanksgiving from Garner Group Properties......
www.garnergroupproperties.com.com

Buying or Selling a home here in Tucson, AZ and you want a Great Realtor?
Give me a call...... 520-870-5114


You can find me at: https://www.facebook.com/TUCSONARIZONAREALTOR/
or www.garnergroupproperties.com


Have a great weekend!

Below are some highlights from the October Tucson, AZ Residential Sales Statistics - Provided by: MLSSAZ

• Total Sales Volume of $288,890,599 is a decrease of 3.75% since last month’s number of $300,150,958 but is an increase of 12.5% since October 2016.

  

• The Average Sales Price of $238,358 is a decrease of 3.75% from $247,649 last month.

• Average List Price of $243,801 is down 3.60% from September. 

 

• Total Under Contract of 1,653 is an increase of .12% since last month.

 

• Total Unit Sales of 1,212 matched last month’s number of 1,212, but is an increase of 3.95% since October 2016.

• The Median Sales Price decreased by 3.39% to $199,900 from $206,915 in September, but is an increase of 12.30% since October 2016. 

 

• New Listings are up 2.71% since September.

November 3, 2017, the Town of Oro Valley will launch its seventh annual Shop OV Holiday Campaign, a “shop local” effort that includes more than 100 prize drawings for participants. The campaign is held November 3, 2017– December 29, 2017. During this time, anyone who shops at an Oro Valley business and spends at least $25 is eligible to participate in a weekly prize drawing sponsored by Oro Valley businesses and the Greater Oro Valley Chamber of Commerce.

Happy Veterans Day!... From Garner Group Properties.... www.garnergroupproperties.com

November 2017 - Oro Valley, AZ 85737.... Is currently a buyers market!