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Interactive Map of Case Shiller Home Price Drop from Peak

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.

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