Maricopa County Sees Rapid Growth; Becomes Fastest Growing County in US
By Justin Lum | Apr 18 2019
PHOENIX (FOX 10) – Maricopa County is booming. For the third straight year, it’s the fastest growing U.S. County, according to the U.S. Census Bureau. Now, it’s the fourth biggest population in the nation.
Jobs, jobs, jobs. According to the Arizona Office of Economic Opportunity, nearly 70,000 non-farming jobs have been added since March of 2018. Experts say that means Maricopa County and the Phoenix Metro will continue to grow in population.
“We’re getting a younger population moving here,” said Eric Jay Toll, communications manager with the City of Phoenix and Economic Development Department. “We’re getting an educated population moving here and the jobs are being created that are drawing the people in.”
Toll says waves of people from California, the midwest, and the northeast are headed to Arizona. “Essentially about 260 people per day on average are choosing to live in Maricopa County,” Toll said.
They say that timing is everything. I tend to believe that, for the most part. It certainly is true about a successful relocation. My purpose here is to share some thoughts regarding timing in your relocation. So how does timing make a difference? And why, pray tell, is it so important?
Working Out the Timing
If you are selling your current home and buying one in your new location, timing will be critical. Unless you can afford to handle two mortgages, you will have to sell one home before buying the new one, or do a bridge loan (which can be expensive, but not bad if the time period is short). You can do a simultaneous closing in many cases (especially with the ability to have funds wired), but for most folks, it is best to sell your current home first. The risk of buying your new home first is that you have no control over when your home will sell. If you have a solid offer with a pre-approved buyer, then buying the second home before closing on the first will be less risky. Review your personal and financial situation carefully, so you make the right decision about timing your buying and selling.