Flood of home sales may indicate Millennials diving in


By Cathermillennialsine Reagor | The Republic | azcentral.com

More Millennials and boomerang buyers appear to be hopping off the fence and stepping into their own houses.

Home sales across metro Phoenix are on track to jump more than 30 percent during the next few months, potentially signaling the restart of the area’s stalled housing recovery, according to a new report released Friday.

The number of Valley houses under contract to sell started to surge in early February, a special report from Arizona State University’s W.P. Carey School of Business indicated.

The biggest increases in pending sales were for houses priced from $150,000 to $250,000 and from $250,000 to $400,000. That could signal more first-time buyers and that former homeowners who lost houses to foreclosure are purchasing again.


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