Popping Bubbles in Phoenix

I don’t know about you, but I’m tired of people rumoring that we are in a market bubble that’s about to burst in Phoenix. To put it in simple terms, “No. We are not in a bubble.” “I repeat. We are not in a bubble.” As I’ve stated in other blogs, Phoenix is it’s own economy compared to the rest of the United States because we have droves of people who are tired of paying high taxes and gas prices from the likes of places like California and Washington. Not only that, but in 2021, Arizona went an entire year with less than 1,000 bankruptcy filings per month. That has not happened since 2007. Bankruptcies in the state were down 27.5 percent for the year of 2021.

Welcome to the Land of Milk and Honey, my friends. You have arrived in Paradise. So hurry up and buy a house before there aren’t anymore. #mikeblackrealtor @sellingarizonanet



Realtor - Russ Lyon Sotheby's International Real Estate

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