Arizona Real Estate Market To Remain Strong

The Arizona Republic reports that even though new home permits fell in July, market experts are not predicting a decline in the gangbusters real estate market.

The dip in permits may have been related to the lack of lots that are ready for a new home as well as the difficulty in keeping up administratively with the permit requests, according to local real estate analyst RL Brown.

Other signs of strength in the market include that 72 percent of homes listed in July 2005 sold within 30-days, compared to 33% in 2004, according to ARMLS statistics. More...