Home Prices - 10 years down the road

From How low can real estate go?
"The boom is definitely over, there's no debate about that,"
"Now the question is more how hard is it going to land, if it lands at all."
The way Zandi sees it, the market is going to weaken considerably more. "It has been correcting for about a year, and it's got another year to go," said Mark Zandi, chief economist of West Chester, Pa.-based research firm Moody's Economy.com.

"One possibility is that you get a quick return to normal, which is what the economists for the realtor groups tend to hope for," said Edward Leamer, director of the UCLA Anderson Forecast. "But there's nothing in the historical record that suggests that we're going to get a return to normal anytime soon."

OK, blah blah blah, we've heard all that before.
The  interesting part of this story is where Moody's.com looks 10 years back and 10 into the future for historic and predicted median home prices in fifteen major metropolitan markets.

From Forbes.com via MSN RealEstate
Read it HERE
Tucson is not one of the markets included in this study. Phoenix however is included, and since Tucson seems to move in a kind of loose, maybe very loose, rhythm with the Phoenix market the predictions may be useful, if you believe what these economists have to say.