Tips on buying a new home in Tucson, AZ
Tucson, AZ - New Home Market Profile
Tucson celebrates a diversity of culture, architecture, and people. It boasts the best of both worlds - progressive metropolitan innovation, as well as a friendly, caring small town community atmosphere. Residents here hold close to their rich, cultural lifestyle and are committed to preserving that quality of life. Visitors come to savor a unique blend of old and new attractions, including the world's largest gem and mineral show, relax in the natural settings of Tucson's famous spas, and enjoy more than 350 days of sun in a year.
Although it displays a rustic quality, don?t let the Southwestern charm fool you. As one of the sophisticated "Mega-Trend" cities of the 21st century, Tucson is home to the Optics Valley, the premier health services center for the Southwest, University of Arizona, a premier research institution, the global center for astronomy research, and a popular tourism destination year-round. Moreover, Tucson is one of the few cities with a resident symphony, opera, theater, and ballet companies.
Population (year 2000): : 486,699
Estimated median household income in 2005: $34,241 (it was $30,981 in 2000)
Climate: Tucson has two major seasons, summer and winter; plus three minor seasons: fall, spring, and the monsoon. Summer is characterized by low humidity, clear skies, and daytime high temperatures that exceed 100 degrees Fahrenheit. The average overnight temperature ranges between 68 ?F and 85 ?F.
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Tucson Real Estate Zindex (Provided By Zillow.com):
- Tucson: $206,905
- Arizona: $231,753
- United States: $254,569
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Most common industries for males:
- Construction (18%)
- Administrative and support and waste management services (8%)
- Educational services (7%)
- Accommodation and food services (7%)
- Professional, scientific, and technical services (6%)
- Public administration (5%)
- Health care (4%)
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Most common industries for females:
- Health care (17%)
- Educational services (13%)
- Accommodation and food services (11%)
- Public administration (6%)
- Social assistance (5%)
- Professional, scientific, and technical services (5%)
- Administrative and support and waste management services (4%)
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Buying New Makes Sense
One quick glance at today's headlines, and it's no wonder that, as concerned consumers, we're pinching pennies more than ever. In a recent survey conducted by HSBC Bank USA, 64 percent of us plan to cut unnecessary spending this year. And, in a similar survey by Discover Financial Services, about half of consumers plan to cut down on such non-essential spending as dinners out and movies - even remodeling.
Still, when it comes to buying a house - something that many consumers are doing because of the many good deals to be had in a slow market - most of us prefer new. Even better, buying a new home also makes good financial sense. New homes offer countless advantages for consumers when it comes to saving money. Perhaps the biggest plus is that, since they're brand-new, the maintenance headaches that often accompany maintenance - as with older homes - simply don?t exist, and won't for a while.
New homes also use the latest in whole-house systems, like heating and air conditioning, so they're not likely to break down, saving consumers money. They're also more energy-efficient, which is also good for saving lots of green. Speaking of green, with interest rates that aren?t too far away from historic lows (just over 6 percent for a 30-year fixed mortgage as of March 11), consumers can also save money on new home mortgages. And, since mortgage interest and real estate taxes are deductible, it's another way to save money by buying a new home, especially when it comes to tax time.
Click here to read more about "Why You Should Buy New".