Phoenix seems to have finally recovered from the terrible market it was previously in, but are we just preparing ourselves for another housing bubble? Sources say no, as of now there are many more buyers searching for houses than there are houses available. There is a multitude of reasons why we have bounced back, such as; Lower interest rates, and people returning and wanting to live in the beautiful environment. Most importantly being the decrease from 56,000 homes on the market in 2008 to only 16,000 in the year of 2013.
For full article see http://www.azfamily.com/news/consumer/Home-Shortage-206305631.html
