The Arizona Daily Star has this update on Tucson. "The median home price in Tucson decreased by 4 percent to $218,000 last month from $227,000 in February. After frenzied sales and month-to-month price increases of $5,000 in the first half of last year, the median price appeared to stabilize at or just below the $220,000 mark."

"The figures point to a steadier market, said Paul Olson, president of the MLS. 'We're seeing a really healthy market right now,' Olson said. 'I do know our listing inventory continues to grow and even though that is happening, our market time has been stable for three months.'"

"Last year, houses sold the same day they were listed on market, sometimes within a couple of hours of being listed. The number of homes for sale jumped to 7,577 last month from 3,493 last March, a 117 percent increase."

And the Arizona Republic. "A Las Vegas developer with plans to build more than 20,000 homes outside Kingman has claimed the water needed for his project, leaving a shrunken supply for another builder with even bigger plans."

"The state's finding allows Mardian, in effect, to reserve the water he needs, removing it from the pool available for other projects. That could affect a pending application for water by Jim Rhodes, another Las Vegas builder who has outlined plans to build about 130,000 homes in northwest Mohave County."

"At stake is a potentially lucrative piece of the southern Nevada housing market. Both developers plan to sell their subdivisions as affordable bedroom communities for workers in the Las Vegas area, which will be more easily accessible when a bridge bypassing Hoover Dam is finished in 2008."