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AZ Central

Metro Phoenix housing rises across the board

December 31, 1969

For the first time since the housing-market free fall began more than five years ago, it's now possible for every type of player to get back in the real-estate game. Basic economic laws of supply and demand worked their magic over the past year, as a huge number of distressed properties were snapped up by institutional buyers and other investors. That played a big role in solidifying the market, and as the year passed, a stronger economy brought a healthier mix of players into the game. They included an ever-growing number of first-time buyers, new-home buyers and homeowners who finally were able to sell for a profit.

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