This article first appeared in the PR October 2009
issue of Pro Remodeler.
Population: 4,281,899 (31.7 percent increase since 2000)
Home prices
• Down 31.6 percent from 2008
• Down 53.9 percent from June 2006 local peak
• Down 21.8 percent over last 5 years
• Up 9.4 percent over last decade
Homeownership rate: 69.8 percent (No. 25 among major metros)
Median household income: $52,857
Local unemployment rate: 8.7 percent (up from 5.3 percent in 2008)
Sources: S&P/Case Shiller Home Price Index, U.S. Bureau of Labor Statistics, U.S. Census Bureau
RELATED LINKS
Phoenix Business Journal: Home sales continue to outpace 2008
The Corner Office: Legacy Design Build Remodeling
Data and information on the Phoenix remodeling market