According to Atencio, a growing number of people and businesses are signing long-term leases at a home or apartment, then turning around and listing that property as a short-term rental.
“Courts have acknowledged that in Arizona, air conditioning is an essential service.” While renters have rights under Arizona state law if the air conditioner breaks, the process takes time. It begins with a notice to the landlord.
More than a dozen people voiced opposition to the project during the commission meeting with reasons including an increase in traffic, historic preservation and concerns for plants and wildlife.
We saw a red-hot housing market throughout 2021. Whether you’re looking at houses in Tucson, around the state of Arizona or even nationwide, experts can all agree this year’s housing market will go down in history.
The skyrocketing housing market and rising cost of rentals can create challenges for many southern Arizona families. The median Tucson home price for November was nearly $350,000, according to Movoto.
Arizona is one of the top five states in the U.S. adding Latino homebuyers in the past 10 years, according to a 2021 study by the National Association of Hispanic Real Estate Professionals.
“Currently there are 26 purpose built student housing complexes in Tucson, and 9 of those are University adjacent,” Chapman said. “The rents in those developments are higher costs and they primarily cater to out of state students who pay quite a bit higher tuition to attend the university and are probably more affluent.”
Rural residents are putting up roadblocks on a proposed RV park. Many who live in the Picture Rocks community are saying “no” to a private company that’s looking to rezone 75-acres of land.
The ability to work remotely has some high-wage earners moving to Tucson for a better climate and lower cost of living. That is causing a low vacancy rate and higher costs.
Credible used data from Zillow and ranked homes according to the average number of days they were listed before there was a pending sale in December 2020, the most recent month in which data was available for all metros. Ties are broken by the median sale price of homes in February 2021, ranked from lowest to highest prices.
The CDC has extended the eviction moratorium another month. Set to expire next Wednesday, now it will expire on July 31st. The department said this is anticipated to be the final extension given.
Economists said the April dip is consistent with reports projects delayed by soaring lumber prices and snarled supply chains that have made it difficult to get products like appliances.
Free, online home estimate services may not always match property records. If you are looking to buy or sell, it may be best to work with an appraiser.
