Tucson’s Economy Outlook 2009-2010 Forecasted By Marshall Vest

Marshall J. Vest is the Forecasting Project Director for the University Of Arizona – Eller Business and Economic School. The winter 2009 “Arizona’s Economy” has been released online at http://ebr.eller.arizona.edu/azeconomy.

 

Some of the contributing factors that have slowed the housing market is due to the fact that many people wanting to relocate to Arizona have not been able to sell their property back home. According to the U.S. Census bureau in 2005-2006 the annual population growth peaked at 3.6%. It is expected for 2008-2009 population growth to be in the range of 1.2%-1.3%, a bit higher than the national rate. In conclusion, with this population slow down the housing market will take longer to fill now-vacant houses according to Marshall Vest.

 

For more information about the Tucson housing market contact Don or Kathy Vallee at RE/MAX All Executives.

 

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