Arizona immigration law's impact on housing
R eal estate analysts are beginning to question what impact Arizona’s controversial new immigration law will have on Phoenix’s housing market.The new law could soon be factored into real estate forecasts for the region, just like employment and foreclosure figures. How Arizona residents and out-of-state home buyers react to SB 1070 could drive population trends.
Mike Orr, who publishes the Cromford Report, says from a housing market perspective, the consequences of SB 1070 “seem more likely to be negative than positive.”
"Estimates are that there are several hundred thousand undocumented aliens residing in Arizona,” he said in a recent housing report. “If the law …
