INSIDE TUCSON BUSINESS: May 16. 2009
Sellers starting to see multiple bids on some home sales
By Joe Pangburn
Take homes priced to sell, combine that with record low interest rates, mix in tax credits for first-time home buyers and add a pinch of a little confidence and you have the recipe that’s starting to attract multiple offers from prospective buyers.
The phenomenon has been picking up steam in the Tucson market over the past few months as sellers of resale homes tire of keeping them on the market drop their prices, often below what’s considered market value. Some agents say there have been cases when the multiple bidding winds up with the house being sold for more than the asking price. While this is far from the boom of 2005, it is seen as a positive sign.
FULL STORY: http://www.azbiz.com/articles/2009/05/15/news
/doc4a0da2ffe7a51811746553.txt