Are you having trouble selling your Tucson Real Estate? Have you considered foreign buyers? Here is what Richard Blair from Smart Financial Mortgage had to say in a recent email:
International home buyers are increasingly attracted to property in the U.S., according to the National Association of Realtors 2010 Profile of International Home Buying Activity. Several factors, including the strength of the dollar, the value and desirability of U.S. real estate, and the emerging economic recovery, continue to drive international interest in owning a home in this country. NAR President Vicki Cox Golder said The U.S. continues to be a top destination for international buyers from all over the world. Foreign buyers understand the value of owning a home in this country.” The survey released today, covers the period between April 1, 2009, and March 31, 2010. During that time foreign buyers, including those with residency outside the U.S. as well as recent immigrants and temporary visa holders, are estimated to have purchased $66 billion of U.S. residential property, or 7 percent of the residential market. Several factors have contributed to an increase in international buyer interest in the U.S., said Golder. A large majority of Realtors report the changes in value to the U.S. dollar have had a strong impact on the international real estate business. In addition, perceptions abroad about trends in the U.S. real estate market have led many international clients to believe purchasing a home in the U.S. is more affordable than in their country and holds more value. Source: National Association of Realtors
The housing market has improved in the last two years to the extent that John Burns Real Estate Consulting sees the market as possibly approaching the beginning of its next up cycle. Three factors needed for such a transition include demand, supply and investment, as the firm noted in a March 2008 report. More than two years later, job growth is coming back slowly and renters are beginning to recognize favorable buying conditions. New home construction is at an all-time low and is likely to remain low until REO inventory clears. As for the investment situation, rates on home loans and home prices fell dramatically since March 2008, creating the best buyer affordability conditions in about 30 years, the firm said. “We are at Stage 1 (The Bottom) and heading into Stage 2 (The Beginning),” CEO John Burns said in a statement today. “While we think Stage 2 will last longer than usual, we want to point out that the downside of investing in housing right now is about as low as you will ever see.” Source: HousingWire
Building and modifying homes to accommodate multiple generations is increasingly popular as more Americans struggle to accommodate both their older parents and their grown children under the same roof. The National Association of Home Builders International Builders Show this year featured a single-level residence with a master suite at each end. “The grandparents suite included universal design elements along with a small kitchenette,” says Stephen Melman, director of economic services at the NAHB. “The concept for this home was that the parents could get help with their kids from the grandparents, while the grandparents benefited by having household maintenance chores and meals taken care of for them. Melman said that it is difficult to predict whether this trend will diminish when the economy improves, but he pointed to the growing number of ethnic groups where multi-generational living is expected as a sign that the trend may stick.
Source: Washington Times
There is more than one option when it comes to marketing your Tucson Real Estate.