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PREMIER TUCSON HOMES - Tierra Antigua Realty Toll-Free: 866 316 5575
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Ben & Kim Boldt |
TUCSON RANKED TOP 10 FOR REAL ESTATE INVESTORS
Tucson was ranked #4 in the country by Inman News, December 2011 when they did a special report on the “10 Best Markets for Real Estate Investors” and considered Tucson as a great market for investing in real estate. Seven out of the ten markets are located in the south, one in the Midwest, and two located in the west (one being Tucson). Tucson was also ranked with considerably lower unemployment rates compared to major metro areas nearby (Phoenix & Las Vegas).
The report also determined that most investors’ top choice to purchase property was located in suburbs or subdivisions (33%). Sixty-three percent of the investors bought primarily detached single-family homes followed by condos or townhomes with a small 16% of duplexes (2 or 4 units). View single family homes located in subdivisions.
The biggest portion of investors (44%) used a real estate agent to buy their property stating the reason they bought was “To rent to others” and “diversifying their investment portfolio” with a median length of time investors plan to own their property was 10 years. 77% of the investors said, “Now is a good time to purchase real estate.”
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