October, 2016 RSS Icon
Found 2 entries for October, 2016.

Everyone knows current interest rates are low in comparison to the last 30 years, but how low are they in terms of human civilization? Turns out they are essentially at all time lows going back 5,000 years! Interest rates directly affect real estate markets as the cost of borrowing makes homes more or less expensive impacting how affordable they are. Since 66% of homeowners have a mortgage; movement in interest rates of even 1%-2% can signify major changes in home affordability. Put it this way; a 1% increase in the 30-year mortgage rate from 3% to 4% is equivalent to increasing the mortgage cost by 33%. If mortgage rates start rising look for home prices to slowly start to get soft. 

In regards to Tucson real estate the economy here is for lack of a

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1238 Sunset Point Place Oro Valley AZ 85737 home for sale New Oro Valley home that will be on the market soon but listed here first. This 2400sf+ four bedroom, 2.5 bath home on a cul-de-sac in Copper Creek provides a great place for any buyer willing to make some updates. The home allows for open living with formal dining and living as well as open kitchen, large bedrooms and a private already mentioned cul-de-sac lot. A 3-car garage allows for extra storage combined with lots of cabinet and closet space. Outside the home has a private and pool sized rear year, mountain views from the front, and a great Copper Creek location close tot he Oro Valley library, schools and new community center. If you are interested in a four bedroom home in Oro Valley and would like to schedule a showing before this property goes

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