"They Better Buy Now"
In Tucson the realtors have been doing so well, they have become arm-chair economist in order to explain their good fortune. "'It's public confidence in the economy, and the feeling that prices are going to escalate, so they better buy now,' said Judy Lowe, Tucson Association of Realtors president. 'Also, it's believing that real estate is the best investment.'"
"Richard Kenney, an agent, said people are losing confidence in the stock market and looking to real estate as the better place to put their money. 'People like the idea of having something they can see and touch and rely on themselves, rather than the paper money and the stock market.'"
One agent senses something is wrong. "Our buyer demand far outstrips the number of available houses out there. It's kind of scary," said Michael Smith.