Arizona Update from U.S. Census Bureau - Still Great to Invest!

[Jared Smith]

Many of you are looking at the numbers and thinking that AZ and Las Vegas are primed for another housing bust. This is simply not the case. Rates are down, conforming loan limits are up, unemployment is at an all time low, building permits are up, big tech is moving here, tax advantages and still affordable at a SFH Resale median price of 320K.

On December 30, 2019 the U.S. Census Bureau released their state population numbers. Arizona had the 3rd largest year-over-year numeric population increase which was 122,693 or a gain of 330 people per day!

Also Arizona tied for 2nd in year-over-year population increase of 1.7% and since 2010, Arizona's population has increased by 886,429 people - Wow!

This is just another reason why demand to own is high and home values should continue to increase in 2020.

If you have any questions on AZ Real Estate please reach out!

-Jared