The Phoenix housing market has been one of the driving forces for the area’s economy for decades—except, that is, when the national and international economies implode, which is precisely what happened around 2008.
The Valley was one of the hardest-hit when it came to foreclosures and short sales.
According to Bankrate, Phoenix is now the second-ranked city for U.S. homeowners.
To help explain how, we spoke with Catherine Reagor, who covers housing for The Arizona Republic and azcentral.
