Tucson real estate : American mobility at record low, hurts AZ housing market

Tucson real estate : Americans are staying put. Currently US mobility is at its lowest since World War II. Due to the declining economy, US residents are stuck in one place and unable to move around the country. They are largly stuck because their homes are worth less than they own and they can’t afford to sell their homes and move. The retired population has been hurt by the declining economy as well and are buying fewer second homes or relocating.

This is a problem for states like AZ that depended on population growth, and seasonal or retired transplants to support the growing housing market.

Realtor Lisa Bayless specializes in Tucson Catalina Foothills, Oro Valley & Marana home sales.  Contact lisa for all you Tucson real estate needs.

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