The housing market in and around Phoenix is booming again as workers in expensive cities move to the region for cheaper housing
The housing market in and around Phoenix is booming again as workers in expensive cities move to the region for cheaper housing.
July 25, 2021 9:00 am ETPHOENIX—Once a poster child for the foreclosure crisis, Phoenix’s housing market is booming again, boosted by robust population growth and relative affordability.Phoenix was a hot market before the pandemic, and it has been a major beneficiary of new remote-work policies, as workers in expensive cities
decided to move for cheaper housing.Even as home prices in Phoenix soar, housing in the area is still cheap compared with many other big cities in the West.The Phoenix-area median existing-home price was $399,900 in June, up 31.1% from a year earlier, according to the Arizona Regional Multiple Listing Service. That’s more than $100,000 below the median home prices in San Francisco, Los Angeles, Seattle, Portland, Ore., and Denver.
“When people come here from Seattle and Portland, they are thrilled at what they can buy,” said Alan Jones, division president for home builder Lennar Corp. “And from California, they go beyond being thrilled.” Read more: The Wall Street Journal »
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tsorg76 Lol its going to be a 130 degrees down there due to Global Warming Cheaper housing, maybe....but water will be scarce and expensive and the heat will get worse every year. Bitcoin I’m doing $5000 challenge to $55,000+ target in the next 1 month, We will work on binance Future & coin pumps. Started few days ago . 📲DM me if you want to be a part of this,for more details
Would you like to create a second source of income for yourself from the comfort of your home? It won’t interfere with your job or whatever you do. DM me for more details I wonder if anyone knows the states are embeseling the 1st cares act money. Shutting down assistance to silanced the lamb Good for them. Bad for those people from there that neee to move for whatever reason.
they will be spending lots on AC - So cheap housing is on the rise.Well if buyer'spurchase...then neighborhood inequality starts all over again. 'Phoenix is a hot market before the pandemic it has major beneficiaries policies.' Sponsored by United Health, Pzifer and Johnson & Johnson Californians are moving to Phoenix. Phoenix housing costs are no longer considered cheap!
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