We’ve heard a few say that real estate in Arizona is now the state’s bread and butter. We are not economic experts so we can’t really attest to this, but news spread that the signage phoenix homes for sale are now rampant in town. People selling their homes aren’t really good economic indicators so we’ve decided to dig a bit on this topic and consult a chandler realtor to figure out the real state of the Arizona real estate industry.

Our sources advised us that Arizona is no different from the other states— the state has also been affected by the economic crisis, which resulted to the increase in the number of the families that were forced to join the bandwagon of people putting up home listings on the Web. This has been the year of the short sale as many loan modifications are switching. It’s very important to know the short sale tax implications involved. However, our phoenix realtor informed us that a number of foreign investors have recently decided to venture on building vacation houses in the state, which according to them, may be the reason for news of real estate becoming the state’s bread and butter. Our scottsdale realtor and chandler agents said that the same growth has also been observed in their cities, and that Arizona’s campaign to encourage people to move back to town may have been successful after all.