Home prices in Chandler Arizona have risen up to 50% in one year!

[DeWitt Gibson]

As a resident of Chandler, Arizona it's hard not to notice how fast our home values are appreciating over the last year and continue to rise. This is due to not only the general trends happening everywhere, but also General Dynamics, Orbital Sciences, Voya Financial, Intel, Walgreens, Wells Fargo, and other large corporations have been making huge investments in Chandler recently. 

Every few weeks, Chandler residents get a free newspaper delivered called "Chandler Community Impact". On the issue that just arrived today, the entire front page is "Skyrocketing Housing Prices".

Some of the points made in the article are: 

“What we are living with now is a result of and reaction to the Great Recession”

“Add to this whole mix the pandemic, and it is the low-wage earning service workers that have been most hurt and that causes a really big disparity in income”

“Sellers have become accustomed to asking over the market value and getting it”

“There is going to have to be more affordable housing, bottom line”

"the city is discussing developer incentives to set aside a number of units in development for workforce housing; revitalizing older neighborhoods"

Here is a link to the full article 
Low inventory leads to rising housing prices across Chandler, East Valley | Community Impact

What are your thoughts? 

[Bruce Woodruff]

Originally posted by @Chinki Kumari:

 Also there is no reason for the best and brightest to stay in AZ hot weather.

 The 'best and brightest', Ms Elite, know that much of AZ is not hot......