By Jennifer Srock

**Click 33 year Graph of Arizona Home Prices – Appreciation Rates **Click

As you will see in the above graph, the market already had a major spike and then dropped drastically. That drop caused another smaller frenzy again that drove prices back up to reasonable, average pricing again. Yes, we’ve cycled back to a more normal housing market. Now that it has corrected, you should expect to see about the usual 6-9% increase in Arizona home prices over the more recent years to come. Insufficient regulation is one reason he expects another real-estate bubble to surface within 15 years. “I would bet my life on it,” says Mark Calabria, at the public policy research organization of Cato Institute. Could this too be a sign to buy a home in Casa Grande now while still on the rise so you can take advantage of the future bubble?