Is Tucson a good place to buy investment property?
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Is Tucson a good place to buy investment property? Tucson, Arizona is an ideal choice for investment. Its favorable climate, locality and availability of amenities make it a region of great potential. With a rental property, you can get stable revenue on a monthly basis and, considering its trajectory, your property might appreciate in value as well.
Are real estate prices dropping in Tucson? Home prices are still on the rise, but not as dramatically. More than one-third of households in Tucson are considered housing cost burdened. The median home price in Tucson is still rising, but experts say it is starting to slow down. That could make it easier to buy a home, but it could also stall construction.
Is now a good time to buy a house in Tucson AZ? Prices in Tucson, AZ Will Continue to Rise
Their most recent report projects appreciation in home values over the next five years to be between 30.8% (most optimistic) and 9.4% (most pessimistic). The bottom in home prices has come and gone. Home values will continue to appreciate for years.
Why is Tucson housing market so high? With a strong economy and low mortgage rates, buyer activity has been strong in this region. The housing inventory levels are still below historical norms. With supply and demand continuing to favor sellers prices continue to rise in the Tucson real estate market.