Tucson Homes Newsletter July 2022 & Real Estate Update
Latest Tucson News And Things to Do in Tucson AZ!
Welcome to the Tucson Homes Newsletter July 2022
Tucson Newsletter – May 2022 Market Report
May 2022 “Active Listings” increased 18.8% over April 2022 to 1,176 single family homes on the market. Year over year the inventory of homes increased 20.7% from May 2021. This is the first year over year increase in active listings in over a year.
The continued strong demand, historically low inventory and low interest rates are the market drivers for over 3 years. But interest rates are now headed UP! Current rates are in the 5.75% to 6.25% range and will likely be going higher. Will that slow housing demand and prices?
The Fed is attempting to slow inflation through higher Fed fund rates. Although mortgage rates are not directly link to the Fed funds rate, it is expected that mortgage rates will climb as well.
Will the housing market slow down in Tucson, AZ. Probably!
But the question is how much and when. Our July report should be the first signal of what is to come.
Read our May report for more…….
Bata Restaurant – Downtown Tucson
Bata in the downtown Warehouse Arts District is dedicated to using open flame in the preparation of each menu item. Even deserts!
This new Tucson restaurant is housed in a historic 1930s warehouse at 35 E. Toole Avenue. Originally a warehouse, it was converted to office and retail space in the 1980s.
Bata keeps the original wood and metal bow truss ceiling decor. Exposed brick walls and polished the concrete floors create an modern industrial look.
The dining room is large. Two to six seat wood tables provide space for up to 90 diners.
The restaurant’s name also has Japanese origins. A shorthand term for Japanese style grilling called “robata”.
For more on this interesting Tucson restaurant……Click The Image
Tucson Oro Valley Loop
What’s the Loop?
Well it is one of the most extensive trail systems in southern Arizona. 131 miles of paved trails where people can take in the scenes of Tucson.
The Loop is a family friendly activity and is for people of all ages and abilities.
Whether you are into walking, running, biking, cycling or skating, you can do it on the loop. Horse riding works too. In fact, if it doesn’t have a motor, it’s good to go on The Loop.
Are you ready to DO the LOOP?
July 2022 Tucson Homes Newsletter – Gardening Tips For August
Water: Adjust the drip system to accommodate warming temps and monsoon season. Large established cacti and succulents will need supplemental watering if monsoon rains are scarce.
Fertilize: Trees, shrubs and vines using ammonium sulfate. Do NOT fertilize anything that goes dormant in winter.
Prune: All that went wild during the monsoon season.
Plant: Flowering bulbs, herbs, desert shrubs, cacti, euphorbia, agave, yucca, and palms.
We had to search a bit, but here is what we found.
How About August 2022 ——More
That’s it for now.
As always, when we know, you will know what’s “Going On In Tucson”.
Are you thinking of Tucson AZ as a place to live or find that perfect winter retreat? We can help.
Questions about the Tucson Real Estate Market or Tucson Homes for Sale? Call Us - 520 940 4541 OR complete the - CONTACT FORM - and we will get right back to you!