Associated Press, Published June 18 2012
ND residents snatching up Arizona homesMINOT, N.D. — Some North Dakotans who normally would rent winter retirement homes in Arizona are deciding to buy instead, taking advantage of a recession-plagued home market there.
Discounted home prices in cities such as Phoenix are proving attractive to northerners, including many Minot residents hurt in last summer's flooding. Realtor Rocky Parra in Gilbert, Ariz., tells the Minot Daily News that traffic from so-called snowbirds is steady.
Minot resident Dan Clementich and his neighbor had considered retirement homes in Arizona someday. After the flooding, they went together to buy a modular home so they had a place to live in Minot, then traveled to Phoenix to buy homes there. Clementich says he got a five-bedroom house with a swimming pool in a gated community for an "astounding" price.
Information from: Minot Daily News, http://www.minotdailynews.com
Copyright 2012 The Associated Press.