PHOENIX — A new survey showed Arizonans are feeling good about the investments made in their homes.
The survey from BMO Harris Bank showed Arizona had a higher percentage of people who are optimistic about the future price of their homes compared to the rest of the nation.
“We found in the survey itself that three in four people in Arizona felt like their home value would increase over the next 12 months,” said Jerry Bevers, director of mortgage lending at BMO Harris Bank. “Compared nationally, our national results we got were about 59 percent, so optimism (is) above the national level.”
Only 7 percent of Arizonans had a pessimistic view of their home price future, believing they were in for losses over the next year.
Phoenicians displayed more optimism, with 84 percent saying they believed their home prices would be going up over the years.
Bevers said, with home prices at affordable levels in Arizona and interest rates low, it is a good time to be optimistic.
“When you tie this survey together it just shows that there’s optimism that home prices will increase, as well as there’s an expectation of (interest) rates increasing so it’s a good time to buy,” he said. “It’s a good time to look at purchasing a home now.”
- 7 common ways to get sued by your employees
- Why it might be time to upgrade your toilet
- Arizona teachers are building a better future by using technology in the classroom
- How to make summer reading fun for the whole family
- How to find relief for chronic joint pain
- Can the NBA Lottery save the Suns?
- Skip Urgent Care: 5 ailments you can treat with telemedicine
- Skin Cancer in Arizona: Stats, facts and new immunotherapy drugs making strides
- Distracted walking injuries end up not so funny
- Scary situations: 5 quick tips before you let a contractor in your home
- Four ways telemedicine is changing the health care industry
- 5 mistakes homeowners make in the spring
- Three rivers run through it: Exploring Arizona's waterways
- Smart home basics: things you need to know to get started
- 5 Surprising things causing back pain
- Arizona agriculture is a $17.1B industry
- Timeline: Arizona's roots in brewing history
- 5 reasons to love the D-backs this season
- Tips for taking your home entertainment experience to the backyard
- Tech-related injuries your parents never experienced
- Workers comp: Signs your co-worker could be a fraud
- Who's the real founder of America's pastime?
- Epidemic rising? What you need to know about Alzheimer's in Arizona
- 5 unforgettable Wooden Award winners
- Family and hard work are keys to success of modern dairy farmers
- Genetic testing could hold answers for colon cancer survival
- Cold beers and baseball: A beer lover's guide to Spring Training
- Telecommuting: 5 tips to make it work for employers and employees
- See how top CFOs feel about economic growth in the Valley
- Migraine myths that keep patients from effective treatments