A Growing State, a Growing Market:

AZ: 39.98% population growth: In the face of the not so rosy real estate market for real estate investors, there is a bright spot in Arizona...our population has grown almost 40%!

With so much uncertainty in the market right now, it is good to hear some good news and here is an excerpt from a recent article:

Over the past few years the Phoenix housing market has experienced dramatic changes...Located in the heart of the American Southwest, Arizona is one of the fastest-growing parts of the country.

Recently Arizona has seen a population surge as more people move into the area from California and surrounding states. Consequently investors are taking notice and new businesses are creating more jobs and fueling the local economy.

According to Avalar Real Estate, the population of the greater Phoenix area has increased 39% since 1997 and will soon reach 4 million.

This has created quite a growth in urban sprawl, with many comparing Phoenix's expansion to that of Los Angeles 20 years ago. If this comparison turns out to be true, the value of real estate in Phoenix may skyrocket.

Cynthia Leggitt
Phoenix, AZ
NARREIA Advisor
www.NARREIA.com

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