Tucson Power Group

Jodi Koch & Dave Stucky. Powerful Real Estate Solutions for Tucson, Oro Valley, and Marana.

Archive for the month “May, 2012”

Is Refinancing Your Loan In Your Best Interest?

We are convinced that the country is at or near a cyclical low in real estate prices, and now is an outstanding time to invest in real estate. The proof is in the amount of investors snatching up rental property at bargain prices. At the same time, for those who are already in the home of their dreams and are focused on other things in their lives, refinancing might be a great way to lower your monthly payment and lock in a great rate for the future. Interest rates remain at historic lows.

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Perhaps you do want to buy a new home, but cash-flow is tight. Lowering your payment might be a great way to put some money aside for that future upgrade. Is is still very difficult for some to get refinanced with the recent tightening of the money supply. Here is an article that might give you some tips to improve your chances in lowering your monthly payment, and getting the best possible rate.

The Tucson Real Estate Market Is Turning

In Tucson Arizona, the housing market is showing definite signs of a turnaround. Consider that median and average prices have been trending upward since September of 2011. Since this time last year; Home closings are up 9%, homes under contract are up 27%, months of inventory is down from 5.5 last year to 4.2 this year. The median price is up 2% over last year. Every agent I speak with indicates that things have picked up. The phones are ringing, and people are on the move. If you have been thinking about making a move in real estate, perhaps for investment, or an upgrade or downsize move, now is an ideal time especially with continuing record low interest rates. See what others are saying about Tucson. Investors are very aware of the real estate cycle. The following graph will illustrate why investors are buying up properties quickly.

 

What investors understand is to buy low and hold, or buy low and sell high. We are at a time in the cycle where most are forecasting rising rents and values. Whatever your real estate situation, we can help you with information, counsel, and premium service. Contact us today!

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