halbergman / Getty Images/iStockphotoThere are plenty of reasons that Arizona is considered a hot state. No, it’s not just the weather that breaks records — it’s the housing market as well. Real estate in Arizona is having a boom for a variety of reasons and it might continue through 2029… or fizzle out by that time as well.Check Out: 5 Types of Homes Expected To Plummet in Value by the End of 2025Try This: Become a Real Estate Investor for Just $1K Using This Bezos-Backed StartupGOBankingRates asked a few real estate agents what they thought was going to happen in The Grand Canyon State. Here are their predictions for the Arizona housing market over the next five years.Wealthy people know the best money secrets. Learn how to copy them.Population Growth“Arizona, especially the Phoenix area, is expected to keep attracting new residents thanks to its warm climate, affordable living costs, and job opportunities,” said Jordan Woolf, CEO of the real estate investment company We Buy Houses In Bama.According to Woolf, “Retirees and remote workers may find Arizona increasingly appealing, driving demand for housing in both cities and suburbs.”With the population growing, Arizona’s housing market, in the words of Jonathan Faccone, founder of Halo Homebuyers, “is looking bright.”Jolean Olson, a real estate expert with Olson Home Buyers, echoed that, saying, “Arizona, particularly Phoenix, has been one of the fastest-growing regions in the U.S. The state’s warm climate, affordable living and business-friendly environment appeal to retirees, remote workers, and tech companies.”Faccone added, “This influx of new residents, combined with a limited housing supply, is driving up home prices.”Be Aware: 10 Dangerous Cities You Shouldn’t Buy a Home in No Matter the PriceEconomic DevelopmentWoolf said Arizona’s …
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