East Tucson AZ Real Estate – Buyer’s Opportunity of a Lifetime
The East Tucson AZ Real Estate market has certainly seen better times. Because of the current condition of our economy, there are, of course many homeowners struggling just to stay above water. However, one of my mentors once told me something and it made a lot of sense to me. He said, “In Every Adversity Lies a Seed of Equal or Greater Benefit”. Well, I took that to heart. And what I see in the East Tucson AZ Real Estate market is a huge number of available properties at very discounted prices. Now to me that signals a buying opportunity, especially when I consider the fact that when I compare the prices that these properties are selling for, I have to go back to the early 2000’s.
Also, when you consider current interest rates being at all time lows, you’re probably not going to see another opportunity like this with money being this cheap in quite some time (if you ever do). The new legislation targeted towards first-time home owners is another incentive to motivate potential home buyers to get off the fence. Basically, our government is providing up to an $8000.00 incentive to purchase their American Dream.
Also, according to the National Association of Home Builders, in addition to the tax credit, the American Recovery and Reinvestment Act of 2009 has several other provisions that will benefit home buyers and the housing market. The legislation will also:
a) Allow state housing finance agencies to help buyers at closing by advancing the credit as a loan using proceeds from tax-exempt bonds.
b) Will help home buyers in high-cost markets by extending the FHA, Fannie Mae and Freddie Mac loan limit of $729,750 through the end of 2009.
So, as I have coined in one of my recent blog posts, in my humble opinion, “we’re in the midst of “The Perfect Storm” for buying East Tucson AZ Real Estate.
For complete information on everything East Tucson AZ Real Estate visit our website at: http://copperroserealty.com.
