Top 10 Hidden Gem Housing Markets in 2022
Tucson Arizona Isn’t Hidden Any More!
The National Association of REALTORS® identifies 10 “Hidden Gem” housing markets for 2022. And Tucson, Arizona is on the list.
Looking back on 2021, single family existing-home prices rose at the fastest pace in five decades. The average year-over-year pace was 18%.
Gains reflected strong job growth, low mortgage rates and slower housing construction.
Metro areas that saw job and business growth to accommodate people moving to more desirable climates.
These migrations patterns increased when workers had the opportunity to work from home. The big consideration here is that “working from home” did not have to be near a corporate headquarters.
Are there markets where home prices are still undervalued?
According to the National Association of REALTORS® the answer is …..YES!
How They Made The Hidden Gem List
NAR’s 2022 Housing Market Hidden Gems identifies markets home prices are still undervalued.
These “hidden gems” should experience stronger price appreciation in 2022.
NAR reviewed 379 metro areas on seven indicators that drive housing demand.
The 10 “hidden gems” all had median home prices to median family income at the lower end of those areas.
To make the final top 10 hidden gem markets, NAR considered only metro areas with a population of at least 200,000.
Then came three big factors. All had positive job growth, positive wage growth, and positive net domestic migration.
With those factors considered, Tucson is in the top ten list of “hidden gem” metro areas. That is NO SURPRISE to those living in Tucson, AZ!
Considering A Home In Tucson, AZ?
Are you thinking of buying a home in the greater Tucson area? Finding the right home can be a challenging process. But we can make the process much less stressful for you.
We have been Tucson Realtors since 2002. We know Tucson and the Tucson Real Estate market. As a top Realtor duo, we invest the time to understand your home buying interests and desires.
At our first meeting, we will review the current real estate market with you. Show you the market data and then walk you through the Arizona home buying process.
Why? We want you to know what to expect. And what to plan for.
Interested in new construction? We’ll brief you on buying a new construction home. And what’s unique about the process.
For us, you are not another real estate transaction. You are a client and, future friend. We strive to create a relationship that continues long after you move into your home. Review our profiles. Check out our backgrounds, education, and certifications.
We are here to help you “know what you need to know” to buy a home in Tucson, AZ. We provide you information on Tucson events, places to shop and restaurants. Our resources include contractors, electricians, and home services.
But most important, our professional service backgrounds mean we put you first!
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Our website provides information on communities and neighborhoods in the greater Tucson area. Want more? Give us a call – 520-940-4541. We are ready to answer your questions and help you get the information you are looking for.
We are a top Realtor duo in Tucson, AZ since 2002. Read our client testimonials. Give us a call. We look forward to making your home buying or selling experience enjoyable YOU!
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