An influx of new commercial construction is adding strength to Arizona's economy. The state's population is 6.2 million, with 2.5 million housing units and a 68 percent homeownership rate. Sales of existing homes are faltering, with April 2007 figures showing a 14 percent decline from a year earlier. If you've been considering buying your Arizona dream home, this may be the time to get in the market and get the most value for your home-loan dollar. If you already own a home, this may also be a good time to consider refinancing your existing Arizona home loan.
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