November 22, 2024 9:57 am
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Southern Arizona real estate market showing steady growth

real estate

real estateBy Logan Burtch-Buus | Inside Tucson Business

Though the recovery of the real estate market in Southern Arizona has been steady and slow, experts said the pace is a good thing for both developers and buyers. Rising home values have helped thousands of borrowers regain some of the lost equity on their homes, making it easier to refinance or enter the market to sell and buy another house.

The new construction sector is off to its best start since 2013. For the first half of the year, 778 new homes were started, the most since 842 in the same 2013 period. The 461 starts in the second quarter alone were the most in any quarter since first quarter 2010.

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