Tucson Housing market slogging through new reality of slow economy, tight credit

Tucson’s housing recovery is showing itself through a surge in most price points and especially in homes above the $250,000 mark. While the area’s median resale home price is currently at a relatively modest $162,000, the greatest year-to-year sales activity is in price bands well above that, indicating an active move-up market that was previously hamstrung by the Great Recession and a dwindling of both supply and demand in the bargain-basement foreclosures favored by investors.

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Home builders mostly bullish on Tucson 2014 market

Area homebuilders are cautiously optimistic about what’s to come in 2014. According to the Southern Arizona Home Builder Sentiment Survey, a strong majority believe Tucson is in a recovery stage and that permits, closings and pricing will increase this year.

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