(function(w,d,s,l,i){w[l]=w[l]||[];w[l].push({'gtm.start': new Date().getTime(),event:'gtm.js'});var f=d.getElementsByTagName(s)[0], j=d.createElement(s),dl=l!='dataLayer'?'&l='+l:'';j.async=true;j.src= 'https://www.googletagmanager.com/gtm.js?id='+i+dl;f.parentNode.insertBefore(j,f); })(window,document,'script','dataLayer','GTM-5WB8HLVL'); Government Shutdown Weighed on Tucson Home Sales | Hamilton Zanze

Government Shutdown Weighed on Tucson Home Sales

hamilton-zanze December 12, 2013

October’s federal government shutdown took a toll on the southern Arizona housing market, as new home sales in Tucson fell during the same month. Still, the residential real estate industry has improved substantially year-over-year. Bright Future Real Estate Research reports that 155 closings took place in October—down 15% from September but up 11% from a year ago.

Reassuringly, new building permits and homes prices showed improvement in October. New building permits totaled 197—a substantial 56% increase from September. Meanwhile, the median price for new single-family homes increased by 8% to $242,000.

Read more at Inside Tucson Business

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