PHOENIX — The Valley’s housing market isn’t going to change any time soon, said Realtor Jason Gold with HomeSmart Elite.
Gold that a shortage of homes for sale, coupled with an increase in the valley’s population, will keep it a “seller’s market” for some time to come.
“I’m going to guess that we’re in a position where real estate is going to stay strong for the next two to three years,” he said. “It’s going to depend on job growth, and it’s going to depend on interest rates.”
Gold said Valley real estate has seen a 30 percent growth over the past year. He doesn’t see that continuing, but said the market is on track to stay strong through at least 2015.