Too many finished lots contribute to make Tucson housing recovery elusive

Egger, Ed
June 2008
Inside Tucson Business;6/2/2008, Vol. 17 Issue 52, p3
The article presents the analysis of the Metrostudy, a housing market and consulting company, on the large number of vacant developed lots and future lots which is not helpful on Arizona's economic condition. Land is an asset which cannot be easily converted into cash, that is why landowners faced difficulties on its costs when planned development for lands have been stopped. Moreover, the biggest problem revolves on the lack of equity on the houses that were bought three to four years ago. INSET: Where the growth is....


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