Builder
Phoenix is going through a growth spurt, which usually leads some to start asking when will it end and will it end well. Fox 10’s Stephanie Olmo puts the fears to rest.
In Phoenix, vacant lots are quickly being filled, as new construction projects commence. The question is, however, whether this “boom” will lead to a bust.
“Recent healthy growth in the Phoenix-Area housing market is based upon solid supply and demand intrinsics that are likely to continue to push up home prices. The industry’s concern is not demand today, it is supply- how to meet the needs of buyers with a thin labor pool. Any mention of a housing “bubble” at this point, is nonsense.”
~Jim Belfiore, president Belfiore Real Estate Consulting
