Mixed economic news that continues to lead the headlines has helped to keep low mortgage rates stable. Financial troubles in Europe has left investors busy each day waiting to see if Greece will default or a rescue plan will be implemented. Here in the U.S., even a negative report that is not considered terribly bad is spreading optimism to the markets making any predictions unreliable.

Good news for homeowners who've gone green and installed energy-saving features but haven't been sure whether appraisers will credit them with higher valuations: Thanks to a new industry-issued appraisal addendum by the Appraisal Institute, the odds have improved that they'll get the fairer market value they're due.

Issues impacting Tucson office space and many other markets include high unemployment, housing foreclosures and weak pricing, stagnant economic growth and diminished financial reserves of small businesses. With no silver bullet to resolve these issues, we expect the recovery to continue to move slowly for commercial office space in Tucson.