Interest rates and low inventory are the driving forces in our housing market, with many buyers wanting to know if there is some relief in sight.
"I want to buy, I would love to get into real estate but with how the housing market is and just being able to afford rent by itself,"Qwen Hart said."I really don't see it in my future anytime soon. Like it's just not affordable and livable currently."
"Housing affordability has increased a little bit through the first half of the year," University of Arizona Economist George Hammond said."You know, we're now up to 38.6. So just slightly better here in Tucson." "You know, certainly the Federal Reserve recently raised short term interest rates, and they may well do so again at least once before the end of the year," Hammond said."So, at least from that perspective, we're not going to get much relief on on mortgage interest rates, we'll have to see what happens with the other drivers."
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