For example, population growth varies from state to state, with states in the Sunbelt attracting new residents from other states. It is reasonable to expect faster-growing states such as Arizona and Nevada to continue to see stronger housing markets.
More Quotes from Lee McPheters:
The three fastest-growing Western states -- Nevada, Arizona and Utah -- are expected to slow down over the next two years. Still, it is likely that these states will be in the top 10 for job creation yet again this year and next.Lee McPheters
It's certainly one of best years we've seen in this century.
Lee McPheters
As rates continue to rise, some local markets may see a backing off of prices and a soft landing as appreciation returns to historically normal levels.
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Although the concept of a real estate bubble has attracted much attention, home prices in the U. S. at the national level have not declined since the days of the Great Depression.
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Due to population growth, it is reasonable that construction would account for 8.8 percent of all jobs in Western states, somewhat higher than the national average of 5.4 percent.
Lee McPheters
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