The very landlord-friendly laws and quick foreclosure processes that made the housing market in Phoenix a mess, are the reasons why it is recovering from the 2008 recession today.
While most landowners are finding it difficult to begin building, others are seeing revitalization in their communities thanks to the millennials who have surpassed Baby Boomers to become the largest pool of home buyers in Phoenix. Skyler Irvine, MarketWatch, reports on this development:
Given the option of a new-build or resale, more and more millennials are picking the new homes, despite the higher prices. Many of these projects can take up to eight months to complete, but builders offer the option of choosing your own fixtures and materials.
To learn more about the influx of millennials into the Phoenix new-home market, head over to MarketWatch: