June 2019 – Letter From the President
May 31, 2019
President, Arizona Journal of Real Estate & Business
I’d like to take a moment to wish all of our readers who are dads out there a Happy Father’s Day! Whether it’s quality time spent with family or a relaxing getaway- I hope you’re able to spend the day celebrating the love and support you give your families each and every day.
As we take a look at the recent growth in Greater Phoenix, real estate overall has seen a nationwide trend moving towards a buyer’s market. However, the Phoenix market, as always, refuses to follow national trends. The Phoenix real estate market has remained relatively stable despite rising interest rates and national forecasts calling for a drop off in real estate prices.
Phoenix remains one of the hottest housing markets in the nation with continued job growth and affordable real estate prices. Affordability and job opportunities continue to attract buyers from other states, especially states with expensive real estate like California.
It seems as if the trend of growth in Phoenix is here to stay. In this issue of The Journal, you’ll learn from area experts about the boom in the Phoenix economy in recent years. I hope you will join us for our next seminar, Phoenix Growth Trends, on June 21st from 9:00am – 12:30pm at our Scottsdale campus location.
Once again, Happy Father’s Day to all the dads out there!