The great elevation: Home buying in Globe-Miami

Overlooking Globe, Arizona. /Photo by Elizabeth Eaton

 

Globe Miami Times

Cooler temps, a slower pace and greater community character make Globe-Miami a desirable place to live. And, the secret is getting out. Total real estate sales for the region topped $20 million in 2016, with local homebuyers leading the surge, followed by investors, retirees, and rotational professionals.“About 40 to 50 percent of home sales are going to first-time homebuyers,” says Eric DuFriend, an associate broker with Oak Realty in Globe. “[They’re] often taking advantage of the USDA loans for rural housing,” A number of those individuals are people who grew up here, some as young as 19 or 20, who are just starting careers in the mines, he adds.

These loans are underwritten by the US Department of Agriculture. They are not restricted to first-time buyers, but they are specifically for rural communities.   

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