Tucson Housing Market Slows in 2006

The train was speeding along at 100 mi. per hour then it slowed to 50 mi. per hour.  

a. did the train stop
b. did the train crash
c. did the train slow down
d. did the train continue to move forward

Pick the two answers matching what the train did.

Amid U.S. realty cool-down, Ariz. is  ’warm’

 From the At Home Section of the Arizona Daily Star Sunday, December 10, 2006.    A couple of quotes from that article.

“The fastest-appreciating states for home prices this past year? Would you believe Idaho (average 17.5 percent gain), Utah (17.4 percent), Oregon (16.9 percent) and Arizona (16.4 percent).    . . .

Without question, the most impressively documented scenario is that many large metropolitan markets — including some that experienced high gains during the boom years — are still hanging in there and registering net appreciation, although at lower rates.”

Home-price rise in Arizona slows for third quarter

Arizona Daily Star, December 1, 2006

What do you see, in the context of gloom and doom, “slows”   but what does it say “Home-price rise”   How much

Area         last qtr   prior qtr         1 yr             5 yr

Tucson 1.01%       3.27%     14.90%   85.14%

Tucson was appreciating at a 19% rate, but with the slow down from 3.27% to 1.01% we have only increased this year by 14.9%.   INCREASE BY 14.9% That is terrible news isn’t it.   The Tucson Housing Market Slows down to 14.9% growth for this year from almost 32% growth last year.

The tucson housing market slows from approx. 32% to 14.9% appreciation.

a. did the market stop

b. did the market crash

c. did the market slow down

d. did the market continue to increase in value

 Pick the two answers matching what the market did.