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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