Catherine Reagor
Arizona Republic
Sept. 17, 2006 12:00 AM
Metropolitan Phoenix's housing market is "somewhat" vulnerable to a real estate bubble.
But that's not necessarily a bad thing, because if home prices dip a little, affordability will climb and the area's growth has a better chance of continuing.
People and companies move to Phoenix because the area has relatively affordable housing for the West, not because the Valley is "hip and cool" or because it has the best education system.
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