AZRE Magazine
You would think the forecast would be sunny instead of cloudy. Arizona’s population is growing, Maricopa County is among the national leaders in adding jobs and all signs indicate that the state’s economy will continue to expand.
Despite all the positive economic indicators, 2014 housing sales aren’t living up to industry expectations after beginning a robust comeback in 2013 that saw the median single-family-home price rise 27 percent from the preceding year. Unfortunately, the comeback slowed to a halt and the Phoenix area is now observing negative milestones in its housing market.
