Arizona real estate is still heating up

A Maracay Homes community is seeing a direct impact from downtown Phoenix’s recent tech boom and has sold an unprecedented 65 new homes in 60 days.
/Mark Boisclair Photography, Inc.

By Emily Richardson | AzBigMedia

In 2008, Arizona was hit hard during the Great Recession, but the state has bounced back and is seeing a booming Arizona real estate market.

CBRE Group, a commercial real estate company, predicts that Arizona will have a positive economic outlook in 2019 due to employment growth, corporate expansions and a healthy housing market and wage growth.

“I’ve been studying the Arizona economy for quite some time and…I think that we’re going in the right direction,” said Rounds Consulting Group President Jim Rounds at the Valley Leadership 2019 mid-year review breakfast.

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