When the apartment units are full, I expect it to flow over into the single family residence (SFR) rental market and we are sure to see an increase in rents there as well.
Are there more investors for single family residences? Right now it does not make financial sense. Will some of the investors exit the SFR market in Tucson to look for greener pastures? I think it can happen but I hope not in large quantities.
If you are a renter it is not too late to purchase. Why not check with a lender to see what you can afford. Call me if you need help finding a good lender. There is never any charge or obligation to talk!
The MLS statistics for January 2006 will be out soon. Stay tuned for my next updateâ€¦