Home price median here below $200K
Drop beneath mark may motivate Tucsonans to buy, analysts say
By Christie Smythe
Arizona Daily Star
Tucson, Arizona Published: 03.12.2008
The Tucson real estate market hit a milestone in February: The median price dipped below $200,000 for the first time in almost three years.
The message that prices are moving downward may finally start to sink in for many sellers, said Marshall Vest, director of the Economic and Business Research Center at the University of Arizona's Eller College of Management.
Vest said he expects prices will fall to late-2004 levels before the market improves. The median price in 2004 ranged from $148,000 to $177,000, according to the Realtors' statistics.
ONE CONSEQUENCE:
PCC board votes 4-1 to increase student costs $2 per credit hour
By Eric Swedlund
Arizona Daily Star
Tucson, Arizona Published: 03.13.2008
Chancellor Roy Flores said difficult financial times are ahead for the college with the downturn in the state budget and a reduction of property values and the additional revenue from tuition is necessary.
Thursday, March 13, 2008
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