Forbes.com recently showcased the best places to purchase a home right now based upon REALTOR.com Feburary housing data and Tucson came in at number 1 on the list. Affordability for homes is near an all-time high given the drop from peak housing prices coupled with near record low mortgage rates. The article stated how many of the best areas to buy are starting to see a turnaround in the marketplace, which dovetails exactly with what we’ve indicated the recent statistics are showing for our local market. It listed Tucson’s median home list price at $170,000 which is down 45.1% from the housing peak, and then most encouragingly is the inventory level falling 23% year-over-year. While it’s nice to receive some notoreity, ultimately each buyer should decisions based upon their own circumstances and with the help of a professional.
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