“Part of the secret of a success in life is to eat what you like and let the food fight it out inside.” – Mark Twain
GreenTucson August, 2017
There are so many things to do in our fair city:
Southeast Arizona Birding Festival Locations Vary August 10-13, 2017
World Elephant Day Celebration Reid Park Zoo August 12, 2017 8:30 -10:30 AM
Second Saturdays Downtown Downtown Tucson August 12, 2017
Beat The Heat Sangria & Salsa Festival BEAT THE HEAT! What better place than an Ice Hockey Rink! Tucson Convention Center August 26, 2017 3:00 -9:00 PM
The Labor Department reported that the U.S. economy saw 209,000 jobs added in July, a second straight month of robust gains. The unemployment rate lowered to 4.3 % from June’s 4.4% and wages rose by 2.5% from the year before to $26.36 in July. With unemployment down and a rise in wages, the report suggests the chance of another interest rate hike by the Federal Reserve before years end. The Washington Post‘s Ana Swanson reported, “July’s additions also signify a notable turning point for the U.S. economy: After accounting for shifts in population, the level of employment has returned to what it was at in November 2007, before the recession decimated the job market, according to by the Brookings Institution’s Hamilton project… Job gains were broadly spread across many sectors, with health care, restaurants and office jobs recording the strongest increases.”
Of local interest, Arizona Public Media reports that Sahuarita “…will build the $4 million Sahuarita Advanced Manufacturing and Technology Center, called SAMTEC, on vacant land. It has already attracted two companies to occupy the center on a lease, beginning in 2019. It will rely on a $3 million grant from the U.S. Department of Commerce. It will join the University of Arizona's Tech Park and other tech centers in the metro area…”. Alaska Airlines this month will begin offering nonstop flights between Tucson and San Jose, California. The Pima County Sheriff’s Department is now enforcing a ban on using cellphones and other devices while behind the wheel, unless a driver has a hands-free device.
For the Nation’s housing market, “The growth in sales is slowing down, and this is not due to lack of affordability, but rather a lack of inventory,” CoreLogic Chief Economist Frank Nothaft said. “As of Q2 2017, the unsold inventory as a share of all households is 1.9%, which is the lowest Q2 reading in over 30 years.” Read All About It in the The Arizona Housing 2017 Mid-Year Report. In our neck of the woods, we had a 5% increase in the Median Sales Price from one year ago. Tucson’s housing market currently favors Sellers up to the $500,000 price range, where it balances off and then becomes a Buyers’ Market at $600,000 and above.
See all the latest Housing Reports: North, Central, Northeast, Northwest, West, & Tucson Luxury. Check other areas at: Housing Reports. Get notified automatically when new properties meeting your criteria get on the market. If you are curious about the value of your home in today’s market and wondering if now is a good time to list, Click: 3 instant, automated estimates of your home’s current value. Then contact me, and I can share with you a full and complete evaluation after seeing your home.
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