The home ownership rate in the Phoenix metro area has risen to 63%, a remarkable recovery for one of the cities hit hardest by the housing crisis, according to a report by Ten-X, an online real estate transaction marketplace. The increase surpasses the national average for the first time since 2010. And this growth should continue, with the report stating that “the city’s strong underlying economic fundamentals, high employment, growing wages and increasing population, bode well for continued growth in the housing market.”
