PHOENIX – Arizona Gov. Doug Ducey said the shortage of houses for sale and rising prices are signs of the state’s popularity, not a bubble.
“It’s a good problem to have,” Ducey told KTAR News 92.3 FM’s The Mike Broomhead Show on Tuesday.
“I know everyone’s concerned about growth, myself included, but it’s much better than the alternative.”
Ducey said the real estate price surge is nothing like the bubble that came before the 2008-09 housing market collapse.
“This is a real supply and demand issue,” he said. “So the way we solve it is we pull more permits, we get more people working, we buy more lumber and we build more houses.”
“We strongly agree with Governor Ducey this is far better than the alternative. The market is strong bc of the pro business atmosphere created in Arizona.”
–Jordan Rose, Rose Law Group founder and president