Every month I participate in a housing survey conducted by Credit Suisse that looks at 40 markets across the U.S.
Here are a few highlights from last months survey results of Tucson agents.
Tucson, AZ
Traffic falls below agents’ expectations
44% of agents said traffic was in line with expectations, 34% said it was below expectations and 22% said it was above expectations
Prices and incentives show signs of stabilization
62% of agents said prices were unchanged while 19% said they
declined sequentially and 19% said they increased
Length of time needed to sell a home increased – a negative indicator for future pricing trends
51% of agents said the length of time needed to sell a home was
unchanged from last month, 30% of agents said the time to sell was longer, and 19% said it was shorter
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And for more on who ya gonna believe,
this just in,
The Arizona Republic reports,
Tucson real-estate agents in fraud suit
‘A consumer fraud lawsuit has been filed against a group of Tucson real-estate agents, loan officers and real estate-related businesses accused of running a multimillion-dollar fraud scheme that led to 130 foreclosures.’
According to the story the Defendants are:
• Andrew Silverstein, former Re/Max All Executives real-estate agent.
• VinLan Ventures.
• Re/Max All Executives. Vince Volpe, Re/Max All Executives.
• Tucson Mortgage: William "Bill" Anastapolous, owner of Tucson Mortgage. Thomas Piazza, Tucson Mortgage loan officer. Dave Klein, former Tucson Mortgage loan originator.
• WGA Enterprises LLC.
• Amaury Leon, Infinity Funding loan officer.
• Darren Breen, Red House Lending loan officer.
And the same story from our own Arizona Daily Star
Tucson real-estate agents in fraud suit
‘Arizona Attorney General Terry Goddard has sued a group of Tucson real estate agents and businesses, alleging the group devised a three-pronged scheme using rent-to-own properties to defraud investors, lenders and home buyers.’
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This doesn’t bode well for any of the defendants, but since Vince Volpe is, or was until recently, the big cheese, that is, the manager and broker for ReMax, this may present a new challenge to their PR and recruiting efforts. oh, and throw the book at the bums.
