Could Southern California wildfires impact Arizona housing market competition?

The ongoing wildfires in Southern California may intensify the already competitive housing market in Arizona, as experts predict an increase in migration from California.

Mark Stapp, Director of ASU’s Center for Real Estate Theory and Practice, suggests that the fires could lead more Californians to consider relocating to Arizona, particularly to areas like Phoenix, which have historically been attractive due to cost differences and quality of life.

“It’s just going to increase competition for a scarce resource,” said Mark Stapp, highlighting the potential impact on Arizona’s housing market…

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