Phoenix metro area real estate one of the nation’s top investment markets
Phoenix and the Valley metro area remained one of the top real estate investment markets in the U.S., and the outlook for 2018 looks just as promising.
The Valley’s strong economy is characterized by job and population growth. Jobs are being created twice the national rate, drawing more people to move to the Phoenix area in search of job opportunities as well as property to rent or buy, which drives demand for housing. Baby Boomers retiring to the Phoenix metro area further increases demand for residential housing.
Phoenix real estate is a popular, affordable opportunity for investors. The ratio between home prices compared to rents is more favorable in Phoenix than other states, which is why single-family homes are good investments. Property construction and development will add to inventory, which will in turn help relax and moderate the increase in prices.
Phoenix metro area real estate