Why Our Market Will Be Ok

Net Migration Rates For US Counties
Net Migration Rates For US Counties. Source Wisc.edu

This is a graph produced by the University of Wisconsin-Madison. Its shows net migration by county.

Here is the legend.

Screenshot 2013-11-07 07.49.08

As you can see people are moving west. And Maricopa county is a very popular destination.

What Does This Mean For Real Estate?

Demand. Constant demand. New build, where possible.

Right now the market is in a temporary cool off. Where demand among buyers is lower at the moment than it’s been since 2009. Short term it’s possible for this to last a little while.

Medium term lots of people will be buying homes.

I used to be a trader. Long term outlook for real estate in Maricopa county? Bullish.