Greater Phoenix Blue Chip Forecast

Like the Energizer Bunny, The Valley Of The Sun's single-family real estate market just keeps going and going and going.

After what was a record year in 2003, permits issued in 2004 were up another 20%. While the Blue Chip Forecasts call for a decline of just under 8%, the first quarter numbers are actually up over last year. Indeed, even if the projected decline were to take place, 2005 would be the second best year on record.

While a minor decline in permits is expected in 2006, it would also be an excellent year. Thus the panel does not see any major changes in the Greater Phoenix, Arizona single-family real estate market in the near future. More...