Hundreds of thousands of Arizonans are out of work. And we are officially in a recession, according to the National Bureau of Economic Research.

Despite that, the housing market in Phoenix is going strong — so strong that some say it’s thriving.

So, how is that possible? And who is it benefiting?

Tina Tamboer is a senior real estate analyst with the Cromford Report, and The Show spoke with her about the housing situation.

More Stories From KJZZ

• Arizona's Housing Market Is Heating Up. Is An Affordability Crisis Looming?
• Airbnb Removes 50 Arizona Listings, Enacts Global Ban On All Parties