About three weeks ago I ran this piece by Kendra Todd - Best Places in the U.S. to Buy a Home It was the featured real estate news story on Yahoo, at the very top of the section and it offered a very sunny outlook for Tucson real estate. Today (December 21st) I noticed that Yahoo is still featuring this same piece by Kendra at the top of their real estate news section. That seems weird, almost three weeks at the top of the Yahoo real estate news section? Why? Is it that Yahoo is trying to accentuate the positive. They have lots of other material to choose from, and I've never-ever seen Yahoo run the same column for anywhere near this length of time. But I'm not complaining, you gotta like what Kendra has to say, "... I think Tucson will be one of the hottest markets in the next five years". That sounds a lot like the predictions we were hearing from real estate guru's about Tucson a year and a half ago. And the criteria that Kendra cites are pretty much the same as those cited before the blitz of gloom and doom brought the house down - A strong trend toward appreciation, A strong local economy, A 'wow' factor that attracts people, Solid in-migration to the area. Those factors were true then and they're still true now.
November 11, 2006 While the alarmists continue to jabber on about a real estate bubble, the fact is that real estate is regional, not national. That means while many overpriced markets are cooling off, others are poised to take off in the next two to three years. In this column, we're going to look at some of the most promising places to buy a home in the U.S. (read full column)Tucson, Arizona - The largest city on this list with more than 512,000 residents, Tucson is the antidote to the overheated Phoenix/Scottsdale market. With a projected appreciation of 5.7% and an average three-bedroom home price of about $211,000, this city offers the option of living in the warm, dry Arizona climate for a very affordable cost. I think Tucson will be one of the hottest markets in the next five years.
