By Yvonne McFadden
Appreciation Rate, Trends, and Arizona Housing Market data
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PRICE APPRECIATION. The Arizona market has seen average prices of homes and median prices go up more than the previous years. The median WWW.THEPINMAGAZINE.COM
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According to the National Low Income Housing Coalition’s (NLIHC) report, 36% of residents in Arizona are renters.
he housing market in Arizona, for most of 2021 has been booming despite the global pandemic shaking the economy to the core. In fact, the market has even performed better than predicted by experts in 2020. A boom that can be confidently attributed to the historically low-interest rates, has greatly influenced housing affordability. The current demand for homes and the low supply have also played a role in Arizona’s housing market success. It is good news to see the housing market thrive and bounce back from a COVID-19 induced slump.
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