Declining property values, lagging sales and gluts in inventory.
You may have heard about one or all of these conditions affecting the real estate industry in recent years, but now, at least one Tucsonan in the real estate industry sees hope for a better year in 2012.
Hank Amos, president and CEO of Tucson Realty and Trust,, says this year may finally turn the tide.
"I think 2012 is really going to be the turning point," Amos says. "We're going to start clawing our way out, and when you look back at the end of the year you're gonna say 'You know what ... 2012 was the turning point'."
Amos admits the process will be slow because there is still a wide selection of properties currently available, but this market situation could spell opportunities for investors.