By Bonny Holland | Special to Ahwatukee Foothills News
Once again, the sun is shining on the housing market in Phoenix. Arizona is attractive once again to buyers with retirement, and a warmer climate, on the horizon. In 2012, domestic migration climbed high as it had been in the past five years as Arizona welcomed 26,000 migrants from other states. Across the state, as mortgage rates are decreasing and home values rising, the housing market is enjoying an influx as baby boomers choose our sunny skies. Even local retirees are opting to downsize, placing their current homes up for sale in favor of less maintenance.
In search of smaller living spaces, the demand for turnkey housing in Arizona is on the rise. Retirees are glad to give up a little square footage so they can spend less time cleaning the pool and more time lounging by it. The impact is a win-win — their home sales increase inventory for those looking for larger ones, and, purchasing their own new space fuels the local economy.
