2016 Arizona housing market and real estate predictions

HousingPredictorHousingPredictor.com

Arizona, the Grand Canyon State, is the 48th state to become part of the United States. A size of 113,990 square miles makes it the sixth largest state by size. A population of 6,410,979 places Arizona 14th in population in the United States. Arizona is known for warm, sunny weather throughout the year. The state’s top employer is the state government followed by the healthcare and transportation industries. The current unemployment rate is 6.20% making it slightly lower than the national unemployment rate of 6.30%. The outlook for the Arizona housing market is positive with a recent job growth of 1.68% and the predicted future job growth to be 37.20% over the next ten years.

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