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Every year, Forbes Magazine collects data on 400+ cities in the US to create their list of the Top 25 Places to Retire, and Tucson has made that list for the past 3 years in a row. For many Baby Boomers, it is time to consider something new – a change of surroundings to warmer weather, or a new career in an affordable community that fosters entrepreneurism. If that is the case for you, then Tucson should be at the top of your list.

According to Forbes, “Retirement is one of those chances in life to do something really different. With kids usually out of the house, many people look at it as an opportunity to move to a place that better fits their likings and budget—somewhere affordable that’s warmer (or colder), more rural (or urban), with good medical care and options for an active life, including perhaps a part-time job.”*

To compile their list of Top Places to Retire, Forbes screened cities by the following criteria: 1) housing and cost of living, 2) taxes, 3) weather and air quality, 4) crime rates, 5) doctor availability, 6) active lifestyle and availability of outdoor exercise, 7) volunteerism and 8) economic data with an eye towards a “working” retirement. Their lists were provided in alphabetical order, and considered all locations to be meritorious and not ranked 1 -25.

One noteworthy point for Investors: the average cost of a home has remained a top reason to choose Tucson, and home values have risen consistently in the past 2 years; up 18% from 2012 to 2013 and up 11% from 2013 to 2014, for a total increase in value of almost 32%. For the Investor that wants to purchase a home for future retirement, RPM Rincon can manage that property as a rental, which will pay for itself while increasing in value.

Here is how Tucson was featured in Forbes in January 2014, and in the two previous years:

2014 Fast Fact: Nicknamed “The Old Pueblo”
Pros: Warm climate, above average air quality, cost of living 4% below national average, typical home price $172,000, abundant doctors per capita, high rank for bicycling and volunteering. Cons: High crime rate, so-so economy

2013 Fast Fact: Name derived from Indian name for nearby volcano
Pros: Low cost of living, median home price $155,000, good state tax climate, warm weather, above average air quality, high doctors per capita, high grades for bicycling and volunteerism. Con: Crime

2012 Fast Fact: Home of the University of Arizona
Pros: Low cost of living and taxes, average Home price $131,000, good weather, encouragements for active retirement, numerous doctors. Con: Poor economy

The only other cities in Arizona to make the list in the past 3 years are Mesa and Prescott, both in 2013.

*Source:; January 2014, February 2013, June 2012

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2013 was the year of housing recovery, as well as the year of historically low vacancy rates for rental properties. As the overall economy continues its recovery in 2014, housing prices and interest rates are expected to keep rising. On a local level, Tucson and Southern Arizona experienced significant gains in 2013, with December showing the most promising improvements since 2007. Sales Volume, Units Sold, Median Sales Price, Average Sales Price and Inventory of Listings were all up between 4% and 16% in 2013, while Foreclosures were down by a whopping 40% for the year – the lowest level since 2007. All factors combined indicate a positive trend for housing in 2014.

“As more Americans, especially the Millennial Generation, are able to secure employment and better jobs, we expect there to be a movement out of their parents’ houses and temporary living situations, into rental properties,” said Kirk McGary, CEO of Real Property Management.

According to some estimates and United States Census data, around 31 percent of 18-34 year olds in the U.S. lived with their parents in 2013, 44 percent of which did not have gainful employment. The U.S. unemployment rate hit a five-year-low this January to 7 percent amidst continued strong job growth, signaling that things will be turning around financially for many Americans and thus improving living standards.

As for Americans looking to buy in the coming year, new mortgage standards set to take effect in January and rising interest rates will make it more difficult to secure a mortgage in 2014, meaning many will continue to rent. This combination of trends creates a unique opportunity for investors looking to expand their portfolios.

“Quite a few families were burned by foreclosures and bad mortgages during the housing crisis, the result of which is wariness on both sides of the equation,” said McGary. “You have lenders being cautious and individuals being cautious of borrowing large sums again.”

“We’re going to see some demographic and supply and demand shifts within the rental market in 2014, but all in all, the market will remain strong for investors and stakeholders,” added McGary.

Real Property Management Rincon is the Trusted Leader in Tucson Property Management. For more information on upcoming investment seminars and investment opportunities in the Tucson area, contact us today at 800-639-9830.

Thanks to everyone, I am excited to be working with your group. I feel like I have made the right choice.
Sherry S., March 2014
Thank you so much! This is exactly the reason that I tell all my friends about your company. Always such a pleasure!
Cody D., February 2014
…Thanks you very much for helping to arrive at a timely resolution to our Heating and AC problem. I like working with you...
Billy Z., December 2011
To whom it may concern: Joanne has consistently helped us with any issues that we have had during the three years that we have...
R. and Petra C., September 2013
...I am highly satisfied with the service your company provided and will recommend your services to others. Thanks for a fantastic year.
Anthony W., February 2014
Hi Marlene, Whew! That’s a relief! These properties are my income (I’m no spring chicken and I’m retired) so it’s good to know....
Joan G., August 2013
Hello Grecia, I just want to tell you I made the best decision ever to hire RPM RINCON.... From getting my house rented...
Ann N. , May 2013
Hello Grecia, I just want you to know I’m extremely happy with RPM Rincon for your diligence in following through for me with my...
Elaine F., August 2013
Thank you, Marlene. And yes, Grecia is wonderful! I am very happy I found her at 5 am last Friday, she has been...
Kristen B., February 2014
I would like to take this opportunity to offer some feedback on my experience with RPM Rincon. In 2007, I entrusted RPM Rincon with...
Desiree V., August 2013

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