This Month in Real Estate June 2014

Barron’s just published an article discussing why they feel the real estate market is “Ready To Rebound”:  https://online.barrons.com/article/SB50001424053111904797004577281453828447714.html#articleTabs_article%3D1

 

Realtor.com (United States most visted real estate website) recently named Tucson the top city for investors:  https://azstarnet.com/business/local/real-estate-tucson-s-no-for-housing-investors/article_35666d81-415d-5512-95dd-d06f8835a0a2.html

 

And the biggest concern regarding the real estate recovery is “Shadow Inventory” (A term that refers to real estate properties that are either in foreclosure and have not yet been sold or homes that owners are delaying putting on the market until prices improve) and Arizona’s shadow inventory is one of the lowest in the country:  https://www.kcmblog.com/2012/03/05/months-shadow-inventory-by-state/

 

This information combined with the Tucson Association of Realtors data showing only 4,560 homes currently listed (a balanced market is 6,000 homes) from a high of 10,387 in 2007 leads me to believe the worst is definitely behind us for Tucson’s real estate market.