Opa!

The Greek Festival starts Thursday, September 24 and goes through Sunday. Lots of fabulous food, music and dancing can be found at the St Demetrios Hellenic Center at 1145 E Ft Lowell, just west of Mountain.

When I lived a few blocks from here, I was always delighted to hear the joyous carnival atmosphere that filled the air.

Admission is $3 per person, and free for children under 12. If you visit between 5 PM and closing Thursday or noon to 6:30 on Sunday, you can go free, courtesy of Bill Anastopoulos of Bancapital Home Loans. You can meet Bill at the food booth.

I can't attach the free tickets to this email, but I can send them to you as a PDF, so send me an email and I will send you the tix.

The Snake Chronicles, Part IV

Well, it happened again last Sunday night. Steve came in my office, and quietly said, "Hon, we have a snake in the house." This is our fourth episode of Snake in the House at our current house. At our Broadmoor house, we had a little Blind Snake that was more like a speedy white worm that our cat Shadow probably brought in for everyone's amusement.

Inside our current house, this is our second King Snake. We also have had a Bull Snake. Plus a little one that Steve couldn't identify before it disappeared forever into the kitchen cabinets. The two that we were able to deport from this house went willingly, as we barricaded a path to the outdoors and stamped our feet until they overcame their fear enough to slither away to freedom.

This snake was the first to require elaborate snake removal apparatus. After Steve nearly stepped on it in the dark dining room, it went into his office, and thankfully for everyone concerned, it turned left behind his door instead of right along the impenetrable walls of bookcases and stuff. We threw a blanket over him while we pondered our strategy. He stayed put.

Using a technique we have perfected from years of gecko deportations, we put a plastic storage box over him. Then we slipped a piece of cardboard under the box and flipped the box over and put a lid on it.

Until our orange cat named Sunbeam appeared in our yard, we were glad to share the outside of the house with snakes, although a coach whip did chase Steve once, and that was sort of scary. But last summer we were horrified to see an enormous bull snake disappear into the grass, and watched Sunbeam stalk it. Fortunately, she mistook a hose for the snake, and pounced on the hose instead, but we realize that this cat just doesn't seem to have good sense.

So we had to release our most recent home invader away from the house. We drove to a secure, undisclosed location, and let him go. We hope he does okay there. We know he may not.

Kiddie Condos

Parents who want to buy a house for their children who live in a different town from the parents can do so using an FHA loan that is nicknamed "Kiddie Condo". This program is the only way the parents can get the lower down payment and lower interest rate of an owner-occupied loan. Otherwise, they have to buy the house as a second home or worse yet, as an investment, which is much more expensive. In recent years, people have also started using this same program to buy a house for their parents.

Catherine Elliwood at American Home Mortgage just sent me this information: FHA rules allowing borrowers to use owner-occupied financing for their children and aging parents is changing. The occupying co-borrower-- the child or aging parent--MUST have traditional credit, typically defined as at least three trade lines for a period of 24 months. So if you plan to purchase property for your child in college, you need to start with credit early. Get gas cards, secured credit cards or store cards in the child's name. Be sure they keep their balances low and repay on time. Remember, adding a child to an existing account as an authorized user will not contribute to his credit profile anymore.

If you need more information about the FHA Kiddie Condo program, please call Catherine Ellinwood at 954-1907.

August Residential Sales Statistics

The Tucson Association of Realtors has released the Residential Sales Statistics for August. Average and median sale prices were down from July to August, as were units sold. The number of active listings changed negligibly month over month, and were down 22% from last August.

With 7,336 listings divided by 980 sales in August, we have a 7.5 month supply of listings.

The luxury market will remain soft for at least a few more years. With 1,038 properties listed at over $500,000, and only 37 sales in that price range, we have a 28 month supply of houses listed above a half million dollars.

The under $250,000 market is where the action is. Seventy-nine percent the sales were in this price range last month. Seven hundred seventy-two of the 4,487 listings under a quarter million dollars sold in August. This means we have a 5.8 month supply of these houses. A six month supply is considered a balanced market, so the advantage has shifted to the sellers of low to moderately priced houses.

I have seen a sudden increase in activity in my own business in the past few months, and I have been involved in several bidding wars recently. First time buyers tend to be looking for houses in the under $150,000 range, and we actually have an acute shortage of good houses for these buyers.

On the (Inside) Cover of Southwest Hydrology

My grad school bud Betsy Woodhouse is co-founder and publisher of Southwest Hydrology, a beautiful and informative trade publication. I told Steve that the hydrologist on page 5 of the most recent issue looked like Garrett Jackson, a geologist friend of ours who used to work at the Arizona Geological Survey at the desk I occupied after Garrett left for Seattle. Garrett also happens to be one of my fabulous clients, but we decided it probably wasn't Garrett posing with the RiverSurveyor, which looks a fun remote control boat.

Then Steve made a positive ID of another fabulous client and friend on page 2. There's Alison Jones with Clear Creek Associates! Alison, I see you have a conch shell and some Arizona minerals on your desk. What's that brown rock in the foreground? A memento from Maine or Louisiana? Actually, it looks like some sandstone I collected on Pinal Creek back in my well drilling days.

2719 W Jennie Place

This adorable townhouse is located in my favorite part of town: the Tucson Mountains. Just east of Starr Pass Resort, and less than 15 minutes from U of A. My idea of a perfect location.

Two bedrooms and two baths. The country kitchen is large enough for a breakfast area, TV room, office or children's play room.
The enclosed back yard is sweet and private with a two-level wooden deck and a big old pine tree.
Out the back gate, you can walk to a small park within the complex. There you will find picnic tables, shade tress, grass, a barbeque and one of the two pools provided for your relaxation pleasure.

The other pool is at the west end of Jennie Place.

Click here for the floor plan. The cool thing about this floor plan is you can click on arrows that show you a photo from that location on the floor plan. You can also arrange furniture icons on the floor plan to see how your furniture would fit in the house.

Sold September 29, 2009 for $110,000.

Hawk

My dear friend Alona has been staying at Desert's Edge for the past few weeks, and when she checked out the back yard this morning, she found this hawk eating a bird on the patio table. After taking this photo, she took her breakfast out to the porch and dined with the hawk. She said, "Where else can I eat breakfast with a hawk?" Where else indeed.