Once upon a time wealthy investors from California would purchase second homes or vacation homes in sunny Arizona. But then the American economy tanked and even those wealthy investors are being forced to cut back on their spending.
But the poor American economy was good news for Canadians who are looking for their own sunny vacation homes. Since 2007 Canadians have outpaced the house purchasing of Californians in the Maricopa County area. Check out the stats in this latest report and don’t forget to look up the stats for your own market.
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