MARKET SNAPSHOT: Bargain-Seekers Could Boost Tucson’s Transaction Velocity

By Erika Schnitzer, Associate Editor Tucson, Ariz.—Fewer out-of-state buyers will suppress transaction velocity in Tucson, Ariz., according to Marucs & Millichap’s second-quarter 2009 Apartment Research Report. Sales activity has fallen 56 percent in the past year.“In recent years, these investors played a large role in driving velocity and, subsequently, price