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Millennials Boost the Greater Phoenix Housing Market 

Many neighborhoods outside Phoenix suffered a volatile housing market after 2006, but the good news is that they are quickly coming back. The boom enjoyed in 2006 is being reflected in the current housing market, and the trend is expected to continue. This recovery is being fueled by millennials buying a home for the first time. 
First Time Homebuyers Attracted to the Area 
The zip codes around Phoenix are enjoying and increase in prices, where younger buyers can afford properties. Chandler, Arizona, for example, experienced a home increase of 6.1% last year. Realtors expect the climb to continue, and people are making the purchases. First time home buyers are offered enticing incentives to make a purchase, including lower interest rates or other bank-offered perks. Young couples are falling in love with the area, and are moving from rentals to homes around Phoenix. 
A Spike in Price
Millennials Boost the Greater Phoenix Housing Market 

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