KNAU and Arizona News
11:11 pm
Tue September 9, 2008

Lower AZ Home Prices are a "Mirage"

Flagstaff, AZ – HOST INTRO:

It's been a tumultuous few years, to say the least, in Arizona's housing market. Two years ago housing prices here appreciated faster than in any other state. But over the past year values have decreased by more than five percent. Only Florida, Nevada and California have seen prices decline by more.

Arizona Department of Housing Director Fred Karnas (CAR-nis) addressed the state's harsh housing reality today (yesterday) at the Governor's Housing Forum in Flagstaff. And he spoke with Arizona Public Radio's Daniel Kraker.

HOST OUTRO:

That's Arizona Department of Housing Director Fred Karnas. He spoke with Arizona Public Radio's Daniel Kraker. The Governor's Housing Forum continues tomorrow (today) at Northern Arizona University.