Tucson Among Best Anticipated Markets in Next Two Years

There’s good news again in the media about the Tucson housing market. While home prices have declined in the last couple years a Fiserv Case-Schiller projection shows a flat market from the 1st Quarter of 2011 to the 1st Quarter of 2012, but anticipates a 10.2% price increase from Q1 2012 – Q1 2013. That forecast has Tucson ranked among the Top 5 Best US Housing Markets in the next two years. Investments and primary residence purchases look primed for a slight recovery when analyzing the local statistics, and this independent verfication should help that momementum build even further. Continued absorbtion of distressed properties at a fairly rapid rate has in large part led to this positive outlook. While it’s been a bitter pill for many to swallow in the near term, it’s preferred over dragging the a slow housing market out over many, many years.

Stephen Woodall

REALTOR, GRI @ Long Realty Company

Stephen has made real estate his full-time career and passion since 2008, primarily specializing in the Foothills & the Northwest Tucson areas of Oro Valley and Marana. He is a multi-million dollar producer, representing both sellers & buyers. Stephen has tremendous experience in new home sales, listing & selling primary residences, listing & selling vacant land, listing & selling luxury homes, investment properties, rentals, and real estate development parcels.