January 1, 2008.

I am starting a new series of posts - from the Long Realty Foothills Office Tuesday meetings. It will contain anecdotes and stories heard from other Realtors that indicate Tucson Real Estate market direction. If all the Foothills Office agents have home Sellers and none has home Buyers, it is easy to predict that Buyers' market will force further price reductions. Meanwhile, if there is a sudden spur in the open escrows, it might signal market change. I will also include properties on Foothills agents tour with the updates on their status. It will help me to keep track of changes in the market inventory and provide unbiased statistics of Catalina Foothills Real Estate and homes for sale.

Today Long Realty meeting had a few interesting announcements.

First of all, Long Realty's new Foothills Office is not going to be ready on September 8th, as was previously announced. Instead the move is delayed for a month and the new opening date in brand new Foothills location is October 6, 2008. The reason is given as a break / damage in the sewer line, just under Sunrise Rd. To fix the issue, not only number of permits is needed, but also the actual closure and work on Sunrise Rd.

Meanwhile, as most of the current Real Estate activity is concentrated in the area of short sales and foreclosures, new "Short Sale Addendum