How the Brexit Has Impacted the Tucson Market

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For those of who you follow the news, I’m sure you’ve heard by now about the U.K. deciding to leave the European Union, or the “Brexit.” This event has actually benefited us in the real estate market as it has lowered interest rates a considerable amount. Whether you’re buying a house or selling a house, the impact has been positive.

If you’re selling, there will be more potential buyers out there looking to lock in a great rate. If you’re a buyer, you’ll be able to get a great rate on virtually any type of loan program. If you’re looking to wait and see what will happen, now is a great time to act due to the increased amount of buyer activity.

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Whether you’re buying or selling a house, the impact has been positive.

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This is especially true here in Tucson, where we’re seeing low inventory. Low inventory, of course, drives prices up because there are more buyers than there are properties listed. It’s a win-win situation for all parties.

If you have any real estate needs regarding buying or selling a house here in Tucson, please feel free to give me a call or shoot me an email. Have a great day!