Many of the tens of thousands of people moving to Arizona are moving because of the growth in the electric vehicle, clean energy and battery manufacturing industry. After all, Arizona is now an auto manufacturing state.

(Take that, Detroit.)

That means your property value is going up as the demand for housing continues.

I wanted to take a moment and make it very clear that we have President Biden’s Inflation Reduction Act (IRA) to thank for that.

For whatever reason, media is not reporting on these huge benefits that the President won from a hostile congress.

The IRA set aside billions in investment dollars and tax credits to match private money for all kinds of clean energy manufacturing and infrastructure. See this link for a breakdown of where those jobs are going in Arizona, specifically.

If you’ve lived in Arizona for long, you know that our rural towns suffer from high unemployment. So much of this growth is going to rural Arizona. See this example of how EV and battery manufacturing is bringing jobs to Arizona.

I’ve said it before. Investments like this affect the real estate market and your home directly.

Congratulations Arizona.