Tucson - Real Estate Remains Top Investment Choice

February 22nd, 2008 Categories: Buying Tucson Properties, Keller Williams Realty, Tucson Territory, Real Estate News

Despite a real estate slowdown in some areas, investment real estate remains the No.1 sought-after asset among investor with self-directed IRAs, a survey by Guidant Financial Group finds. Almost 65 percent of these investors, who make their own investment choices rather than let fund managers do it, want real estate in their retirement portfolios.

We all are aware that we are in a market correction. As the national housing market continues to correct it self as short sales and foreclosures continue, this is a great time to purchase an investment home. As long as the government continues to call this slowdown a “correction” we will continue to see the interest rates fall each week. When we hear that the Press is starting to use the “R” word for recession the interest rates will rise. Why would you want to wait to purchase ?? All the signs are showing a buyers market not a “waiting market ” ! Don’t wait for a smaller price reduction when you could be gambling your lower, good fixed interest rate.

Tucson continues to be consistent in sales. The Multiple Listing Service in Tucson states that the Median sales price only decreased 7.65% from January 2007 to January 2008.

With 2007 behind us we can look forward to all the opportunities in 2008 ! Tucson and its surrounding communities are continuing to grow and prosper due to all the amazing amenities that Southern Arizona has to offer new home owners from all around the country. Affordable housing, low interest rates and government backed financing will assist in the upswing in the real estate market for 2008 ! It is time to spread the word ! Buy now for the best fixed, interest rate and start building your investments for your future.

Joy Thieman, Designated Broker, Keller Williams Tucson Territory