
When you read the newspaper, listen to the news on TV, have a discussion with friends, family and colleagues it becomes clear there are many factors influencing our economy. You hear concerns about the price of gas, slow economy, housing market, interest rates, inflation and 2008 Presidential election.
There is one thing for certain, we have little or no control over change and change is inevitable. So why not make the best of change? Educate yourself and prepare for the ups and downs of the market and take advantage of opportunity.
There are many good books on the subject of money and finances. I am a big reader and am always looking for ways to improve my situation and grow as a person. For those of you that like to read and educate yourself a great book on the subject of finance is Rich Dad Poor Day by Robert Kiyosaki.
I am a contrarian. In finance, a contrarian is one who attempts to profit by investing in a manner that differs from the conventional wisdom, when the consensus opinion appears to be wrong. Now is a good time to buy and take advantage of some great deals that are available that won’t last forever!!!
There has been some positive data in the Tucson’s housing market put out by the Tucson Association of Realtors® Multiple Listing Service, Inc (MLS). If you would like a copy of the full residential sales report put out by the MLS give me a call and I will email it to you. It is worth looking at. Below are some highlights of the report.
- Pending Contracts Increase by 27.11% in the month of April
- Active Listings Decrease by 15.20% to 8,808 in the month of April
- New Listing Decrease by 20.87% in the month of April
- Home Sale Units Increased 8.1%. In April there were 973 homes sold.
This is good news for the Tucson housing market. Inventory levels are staring to come down. It is all about supply and demand and getting the inventory levels back to an equilibrium which is slowly starting to happen.
“Live Frugally” while being grateful for life. Live within your means and save money.
“Stay Liquid” Have cash available to prevent the need for credit and to take advantage of opportunity when it presents itself.
“Buy Income Producing Assets” put your money to work for you rather than having to work for money.
Make it a great day! You deserve it!
Tyler Ford
www.TucsonMortgages.com

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