By HousingPredictor.com
Once the epitomic example of the housing market crash, the Arizona housing market is now one of the stronger markets in the country. Increases in home construction and sales can be seen throughout the state. Most representative of the health of the Arizona real estate market is Phoenix, which has made a complete roundabout. Instead of investors acquiring distressed properties, owner-occupant buyers are fueling sales. On realtor Website Trulia Phoenix reported in May that single-family home sales rose 7% from the same time a year ago, and townhouse and condo sales increased 11%. By the start of the summer there were 21% fewer listings than there were at the start of last summer’s buying season.
