It's all here! News on the Tucson real estate market, tips and information for your Tucson real estate needs, and my occasional "likes" about Tucson and all the things we love about it. Read on!

Friday, March 14, 2014

Good News: 4 Million US Homes Return to Positive Equity. Bad News: Many Arizonans Still Underwater

The good news is that the recovering national real estate market returned over 4 million homeowners to positive equity in 2013, according to CoreLogic, which researches such things. The bad news?  Arizona continues to be one of the top states for homeowners who are underwater on their mortgages. 21.5% of Arizona homeowners were reported to owe more than the current value of their homes. Only Nevada and Florida were reported worse statistics.

The Tucson homes market has recovered more slowly than the national market and is even lagging the Phoenix market.  But even with the occasional pauses in our sales prices increases, the slow recovery of the Tucson market continues.
4 Million Homes Return to Positive Equity

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