The Housing Market in Flagstaff, Arizona – Looking Up
With the year’s end, the housing market is moving, getting ready for the new year. How is the real estate market in Flagstaff looking? According to a post composed by Ken Perlman at John Burns Realty Consulting, it’s looking favorable. In truth, various trends and research studies are anticipating a lot of development for the Flagstaff area in 2016. Most of the Flagstaff population is made up of a younger demographic, a majority of the house purchasers are forecasted to be of the older generation. Perlman stated that 62% of brand-new home buyers in Flagstaff are over the age of 46.
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Since of our iconic weather condition, cost effective real estate and consistent job growth, lots of people, particularly child boomers will continue to make their way to Flagstaff. This will increase the variety of retirees in our state. Flagstaff’s low costs of living and track record for terrific retirement communities will just make it more enticing to this demographic. The development of suburban communities is also continuing to grow in the Valley. A large bulk of household development in will occur in these areas. People are wanting a much shorter commute and more access to home entertainment and dining establishments.
Present and establishing rural neighborhoods will be able to meet this need, encouraging more and more individuals to move here. A lot is looking up for Phoenix, specifically the housing market. There are a great deal of needs to be hopeful for the coming year.
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