Arizona’s housing market

Arizona’s real estate market remains “ridiculously hot,” says Arizona Association of Realtors President Gary Nelson. “We are seeing tremendous increases in home values in the last two years, increasing about 25% year over year in localized markets and about a 12% to 13% per-year increase in median home prices.” A lack of inventory, Millennials and investors are playing a huge role in the home-buying frenzy, say the experts, especially in scenic tourism destinations. Flagstaff, Sedona, … [Read more...] about Housing Market Expected to Remain Strong for Years