Times are uncertain right now, but 2020 didn’t start that way. The start of the year looked promising, especially in real estate, but after all that has happened, is real estate going to continue to be strong across the stateof Arizona?
The Growth of Buckeye
So far, things look good. Especially right outside of Phoenix. Near the city of Buckeye, which sits just outside the Phoenix metro area, Bill gates purchased acres to start building a smart city. Because of this, the city has seen an increase in real estate in the area.
The Appeal of Phoenix
More and more people seem to be coming to Phoenix to find jobs since there are many opportunities in the city. In fact, there is a high demand across the entire state of Arizona.
More people are coming to Phoenix to find jobs and a strong market, so they need a place to live. High demand around the entire state.
Of course, the weather is fantastic, which makes Arizona appealing. But Arizona is also home to a strong economy, lower cost of living, and reasonably priced homes.
Will it Continue?
With such a strong 2019 and a great start to 2020, many are wondering if the red hot housing market will continue. With the pandemic currently going on, it is hard to tell. But the good news is things are looking to hold steady in Arizona, at least for the next few months.
We all know the pandemic is putting the economy in a tough position, with many things being put to a halt. Construction is considered essential, so the building of housings and apartments are still active, which is promising.
Arizona hasn’t been hit hard yet, but traveling has impacted some Airbnbs and hotels. The spring is usually a busy time for Arizona, but with the pandemic going on, there has been a decline in visitors.
Working with a Professional
If you are involved in real estate and working on a current project, it is best to consult with a real estate development attorney in Arizona to get a better idea of what to expect in the next few months.
Located in the heart of Arizona, the team at Murphy Cordier PLC is full of skilled and trustworthy attorneys that will assist in all things real estate law. Murphy Cordier PLC can offer you the legal advice and representation you need as they are experienced in handling several different real estate issues.
