Arizona Housing Market

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Arizona Housing Market

Post a Comment By Chris Tingom on May 29, 2005

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The Arizona housing market is booming. I’ve talked to an above average number of realtors and people wanting to buy houses in the last year just because that’s the direction my work has gone in and so reading about this topic is interesting to me.

Everybody’s home value is increasing at rates unheard of. If your home value doubled in the last two years you’re probably like everyone else. It’s crazy. It’s probably going to pop sometime in the next few years and when that happens I hope to buy a house.

Check out this quote from an AZCentral.com article:

One out of every four homes sold in metropolitan Phoenix last year went to investors or out-of-state buyers.
Factor in local investors, and the figure climbs to at least one third, according to an analysis of sales data done by The Arizona Republic and Phoenix property-records firm Infocom.