Tucson home prices continue to drop

As a real estate broker, I continue to check the Tucson MLS for statistics on house values, sales, etc. Although in most parts of the country, the real estate market is starting to recover, here in Tucson at least, the market has not yet bottomed out. More and more foreclosed properties are being dumped by lenders at the bottom of the price levels. As a result, house values continue to drop. I see no end in sight for the foreseeable future, unfortunately.