Continuing its longstanding tradition of leadership in providing in-depth coverage of trends and predictions in the regional real estate market, Long Realty recently released its content-rich 2017 End of Year Housing Report for Tucson and Southern Arizona, and for Phoenix, Central and Northern Arizona – an eight-page look at where the area’s market has been and where it’s heading.
Bottom line: For most of Arizona, the seller’s market is expected to continue. The inventory of homes for sale continued to decline in 2017, while sales continued to increase.
Available at no charge only from Long Realty—both online and from company-affiliated sales agents. The report offers big-picture looks at Housing Market Trends, Recent Tax Changes, and Community Growth and Accolades.
The report concludes with Rosey’s Market Insights, by Rosey Koberlein, CEO of Long Companies. Koberlein cites a mix of factors—strong demand for housing outpacing the available supply; attractive mortgage rates; a muscular stock market; baby boomers seeking a warmer retirement locale; and an expanding local job market—to forecast continued local growth in housing sales and pricing for 2018.
Bringing some clarity to homebuyers and sellers, the reports includes a discussion of what to expect as the Tax Cuts and Jobs Act of 2017—the recently enacted tax overhaul—begins to take effect.
The 2017 End of Year Housing Reports for Tucson and Phoenix areas are available online at LongRealty.com/market and from Long Realty sales agents. For more information on the housing market or to schedule an interview with Long Companies CEO Rosey Koberlein, please contact Kevin Kaplan, Vice President of Marketing and Technology, at KKaplan@LongRealty.com or (520) 918-3874.