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Could there be a housing shortage by the end of 2009?

By the end of this year, people around Tucson could well be talking of a housing shortage.

By Joe Pangburn Inside Tucson Business Tucson, Arizona | Published: 01.30.2009

“Prices have dropped 16 percent this year, which will probably never happen again,” she said. “Between seller frustration, foreclosure properties and no new housing developments in the making, resale homes are going to be it. New home builders won’t react fast enough when things start going up and we’ll have a shortage.”
Advertisement Multiple Listing Service numbers could be supporting her theory. The first week in January there were 228 properties under contract and in the second week there were 272 properties under contract. For those same two weeks a year ago, there 138 and 132 properties under contract. read more

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451 S. Convent

 

La Casa De Chimineas...The House Of Fireplaces. A Solid Adobe Home, W/every Room Eminating Substance, Comfort. Looking For The Classic Southwest? Mountains Uninterupted? Privacy? Tucson's Rugged Western Alure? Then Get Out Here! Fireplaces Stratigically Set In The Living Room, Family Room, Library & Master Bedroom. (Makes You Want Cold Weather And To Fire Them Up.) Bedrooms Are Grand, Dining Room Separate, & Porches & Patios Everywhere.

10001 E. Mount Pleasant/ MLS#: 20909830 / Price: $590,000