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Buying Services for Tucson Home Buyers
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Congratulations! You have decided to find your Tucson home. In today's market it's a great time to be a home buyer in Tucson. Of course, the question on everyone's mind- What does the Credit Crunch mean for Tucson and Southern Arizona?
8/31/07 from azstarnet.com: “Tucson home prices dropped 0.07 percent in the second quarter. And the normally booming Arizona housing market is so cold that prices could not even keep pace with the national average, which actually went up a tenth of a percent in the same period. And that figure was the smallest hike since 1994. Put in real dollars, that decline means a home that was valued at $200,000 three months earlier now is worth $580 less. "Now is the ideal time to buy because we are seeing prices lower than they have been in a long time," said John Strobeck, owner of the Tucson based Bright Future Business Consultants. "They won't stay as low as they are now. … I would say that within a year we will see prices inch back upward." … Strobeck said the decrease in prices makes perfect sense.
"We see prices being pushed downward because demand is low," he said. "It is low because everyone bought homes in 2005 and at that time, investors came into the market and pushed prices way up. What we are doing now is adjusting back to where we should be." The statistics reflect how much the values of existing homes have gone up — or down. The agency tracks average price changes in repeat sales and refinancings of the same single family properties, using statistics from mortgage transactions.
In the following reports, you'll find the information you need to make a wise buying decision. We'll take you through the planning process step-by-step to help you determine which home is right for you. You'll find a host of informative articles on mortgages, viewing homes, the offer, closing details and moving.
Please contact me if you have any questions about buying a home in Tucson or elsewhere in Arizona. | Below, select desired reports and complete the form provided.
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