Halfway Point… Is the Housing Market in Recovery?

Jul 28th, 2010 | By | Category: Market At A Glance, Market Update

Sahuarita Green Valley | Housing Market RecoveryAs we head into the second half of 2010, we are still seeing a confusing mix of positive and negative signs in the real estate market. For those of us who live in Sahuarita, the most positive news is that potential buyers continue to be attracted to our area.

While things are slower than they were a few years ago, homes that are priced right are selling, businesses are moving in and new home builders are still building. The town of Sahuarita, Rancho Sahuarita and Quail Creek are doing a great job of advertising the features of our growing community, which grabs the attention of people who are relocating to Southern Arizona. Buyers are still taking advantage of historically low interest rates and low prices, but most appear to be more cautious than ever.

Consumer confidence has been rattled by national and international issues and there is concern about what the future holds. The challenges we are facing during sales transactions continue to evolve. Lenders have tightened up on their requirements and loan underwriters are scrutinizing every detail thoroughly.

Appraisers are challenged to determine values based on huge price ranges of comparable sales that include foreclosures and short sales, as well as high quality resale homes. While the bargain shoppers are out there looking for the cheapest deals, there is still demand for the larger upgraded homes that are at higher price points. For further updates, call Mary Benavides, your Sahuarita Expert, at 520-248-2130 or email is by clicking here.

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