Tucson Real Estate Update
~Sales have continued to increase for the 2nd consecutive month. In fact for the first 3 months of this year Long Realty alone closed 1,346 home sales!
~They call it a “buyer’s market” for a reason, now is a great time to buy thanks to reduced prices, large selection and low interest rates.
~ Do you own any stocks? In the stock market when prices come down it is a buying opportunity. The same can be said for real estate, long term it will continue to deliver returns.
~The federal government understands the important role housing plays in the national economy, and has already passed one stimulus package and legislation for a 2nd round is being discussed. Housing continues to garner support.
~Days of inventory continues to reduce, now down to just over 10 months supply. As the number of available homes continues to fall, in the near future you may have less choice and negotiating power. Now is the perfect time to buy.
Pam RuggeroliLong Realty Company 5683 N. Swan Rd. Tucson, AZ 85718 Phone: (520) 665-3012 Cell Phone: (520) 954-7138 Fax: (520) 844-6306
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