Is Tucson located in the West?
Many of my clients recently have been quoting national statistics about the Real Estate market and even yesterday, a client of mine stated the national reduction trend.(They are from Washington DC)
So I am writing this post with those who wonder…. where does Tucson stand in the national statistics.
A a recent post in the Tucson Citizen quoted "
New-home sales dropped by 19.3% in the Northeast, 27.6% in the Midwest, and 6.4% in the South. However, sales increased by 4% in the West. Over the last 12 months, new-home sales nationwide have tumbled by 34.4%, the biggest annual slide since early 1991, and stark evidence of the painful collapse of the once high-flying housing market.”
People often forget that Tucson has one of the best climates in the US with more sunny days than any other city…where will the baby boomers retire?
I am sure many will not want to stay in the Midwest…..the second big early storm has just hit the news this last week. Tucson, however, has had a modest 65 degree high. For those that like to Golf, then this is the perfect weather. Actually, forgetting the Tucson golfers, is is perfect for those that do not like to shovel snow!
Sometimes people forget the big picture. One the largest biggest commercial-real-estate firms in the world Cushman & Wakefield has just forged an alliance with Picor Commercial Real Estate Services.
Why you may ask?
Long term developers and investors do not look a the short term market but at the long term. When asked why their decision to invest here in Tucson, their representative said Tucson’s increasing population is a major attraction for his company in branching out to the area, plus its low commercial property availability.
Many people have forgotten that Tucson just hit a million population and that can change things significantly for long term investors.
So to recap……..Where is Tucson?….we are in the West.
A recent national newspaper stated that home sales are expected to be doing better in California this year, and also prediction are that Tucson may be looking at a shortage of new homes for sale during the beginning of 2009 if builders permits continue to slow down as predicted for 2008.
Enjoy the Tucson weather and realize that you can feel better about buying a home for sale in Tucson knowing that long term investors are buying here when the prices are right. The Tucson Real Estate market is going to be good in the long haul.
