Interactive Map of Case Shiller Home Price Drop from Peak

02-26-2011 • GlobalEconomicAnalysis.blogspot.com

This list was written on July 21st, 2006, less than 30 days after the peak in the Phoenix real estate market. In any case, here do I compile my list of 21 really good reasons to bank on the future of the Phoenix area real estate market: The migration from the Snow Belt states to Metropolitan Phoenix has been unabated for 60 years. A similar extended migration is now occurring from the Northwestern states and Western Canada. The “installed base” of all those migrants brings a steady stream of extended family members. Proposition 13 makes moving up difficult in California; many Golden State sellers buy in the Phoenix area. Californians in pursuit of other objectives — e.g., a friendlier business climate — migrate to the Valley of the Sun. Baby Boomers will retire in droves to warmer climes — the Atlantic coast, the Gulf states and the Southwest.