Tucson - Analyst: Housing slowdown will linger until 2010
October 19th, 2007http://www.azstarnet.com/business/206856
Expects high inventory, sales slide will delay local recovery until 2010
By Christie Smythe
Arizona Daily Star
Tucson, Arizona Published: 10.18.2007
A Tucson housing market analyst is projecting a much deeper, longer slowdown than earlier anticipated.
In his monthly Southern Arizona Housing Market Letter, analyst John Strobeck said it might not recover until 2010 if inventory levels remain high and the sales pace stays the same.
“It will be at least that long, maybe longer,” he said in a phone interview.
