As rent prices continue to rise across the nation, Tucson is seeing an influx of people looking for affordable housing. Local brokerages understand people may be wondering if it’s worth it to buy rather than rent.
TUCSON, Ariz. — As rent prices continue to rise across the nation, Tucson is no stranger to seeing an influx of people looking for affordable housing. Local brokerages understand people may be wondering if it’s worth it to buy rather than rent.
“You don't control your rent. If you do a 30 year mortgage at a fixed rate, it'll never go higher," said Kevin Kaplan, COO Long Realty."It may go lower because rates go down and you have the opportunity to refinance.. but I doubt your rent is going to go down." Local realtor Natalie Davis explains to KGUN 9 that fewer buyers are willing to take that jump into the housing market, driving the demand down and causing home prices to let up.
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