The U.S. and Arizona housing markets are in the midst of a sharp correction – the first since the Great Recession. Prices peaked in June and have fallen over 3% through September. Ongoing rising interest rate pressures, a collapse in buyer interest, and lags in the construction and permit approval cycle will likely put continued downward pressure on prices over the next 6-12 months.
On this episode, Glenn discusses with Earl everything from drought to workforce development to housing prices as he provides a snapshot of the opportunities and challenges of Arizona’s present and future.
Common Sense Institute is proud to launch its expansion into Arizona! After the 2020 election, Arizona was identified as a top swing state target for expansion due to the state’s history of electing common sense leaders and new challenges like incredible growth in the population and economy.