Land a hot commodity in Tucson; Rose Law Group land use and zoning attorney Omar Abdallah, who handles some cases in Tucson, Pima County, Marana and Oro Valley, comments
By Gabriela Rico | Arizona Daily Star As existing homeowners cling to their low mortgage rates, homebuilders are getting renewed attention. New hom...
By Gabriela Rico | Arizona Daily Star As existing homeowners cling to their low mortgage rates, homebuilders are getting renewed attention. New home sales in April were down 6%, compared to April 2022, but it was the first time this year the decline was in single digits. Meanwhile, the average new home price is again approaching the $500,000 mark in the Tucson market. Existing home sales, on the other hand, are down 38.7% through April, compared to the same time period last year. 'It would take a rather compelling reason for a current low interest rate mortgage homeowner to decide to sell into a high interest rate marketplace,' local housing analyst Jim Daniel said.