It has been said that the three most important aspects of a real estate deal are “location, location, location.” That changes with the current liquidity crisis, it is now “location, location and loan.”

Once the money starts flowing again in the banking system, we will see prices stabilize and go back to a reasonable 3-4% growth rate. Arizona still boasts of great population growth with an incredible future. I am bullish on the Sun Corridor 1/2 way between Tucson and Phoenix.