Tucson real estate : The Federal Housing Finance Agency recently released data showing the average home in Pima County is now selling for only 66% of what it did 5 years ago.
Furthermore, compared to the same time last year home values in Pima County declined 11.3%. In 2011, values dropped 4.6% between the 1st and 2nd quarter. Reason for the decline include: weak consumer confidence, excess supply of homes for sale, high proportion of distressed sales, economic instability and low job growth among others.
Not the best news for sellers. For qualified buyers, there are many buying opportunities!
Realtor Lisa Bayless specializes in Catalina Foothills, Oro Valley and Marana real estate home sales.
