There is a lot to love about Phoenix, AZ. The city has experienced explosive growth in the past few years, and there are many reasons to call it home. If you're considering moving to Phoenix or even if you already live here, this blog is for you! We will be updating you on the latest housing updates for Phoenix, AZ.
Quick Facts
- Phoenix is the sixth most populous city in the United States, with an estimated population of 1,445,632
- An average commute time for Phoenix residents is just 16 minutes
- Arizona State University has campuses all over Phoenix. There are plenty of opportunities to enjoy college life without living on campus.
There are many reasons you should consider moving to Phoenix. The city can offer it all, whether you want to raise a family or find an active social life.
Phoenix, AZ in a Nutshell
Phoenix is growing at an exponential rate. Growth projections estimate that by 2025, Phoenix will have 3 million residents. With this growth, the city is experiencing many changes; one of the most important is housing. Luckily for Phoenix homeowners. There are many developments underway to keep up with this growth. For newcomers to the city, there are even more options for housing. Suppose you're not sure about where to start your search; here's everything you need to know about living in Phoenix right now!
Economy
In the past five years, Phoenix has been one of the fastest-growing cities in America. In 2016, Forbes ranked it as 3rd best city for job growth and 10th best city for economic opportunity. With a booming economy and many opportunities available, it's no wonder that this city has seen an increase in population. It offers big-city amenities with small-town charm, which can only make the perfect combination of both worlds! And what better location than right here? With 50 Fortune 1000 companies located within its borders and over 100 multinational corporations calling Pittsburgh home - there truly is something for everyone who visits or lives here. Phoenix's diverse and thriving economy offers plenty of business opportunities. Thus, making it a great place to live if you're looking for work!
Employment
The unemployment rate in Phoenix is currently 4.3 percent, which is lower than the national unemployment rate of 4.4 percent. If you're looking for a job in Phoenix, there are plenty of options available to you at this time.
Real Estate in Phoenix, AZ
Phoenix real estate is hot and has been for a while. If you're interested in purchasing a home, now is the time. So, what will happen to Phoenix real estate in Dallas? Experts predict that housing prices will increase by 8 percent this year. Housing prices in Phoenix are likely to increase as well. Housing prices increased by 9 percent last year, and there is no reason to believe they won't continue to do so this year. That means that your investment in a home in Phoenix could be worth more than you originally paid for it! Housing prices have also been increasing due to heightened demand.
Real Estate Trends
In Phoenix, AZ, the housing market is looking good. Phoenix continues to be an attractive destination for millennials. They are moving into the housing market faster than ever. One of the main reasons they are drawn to Phoenix is because of the affordable home prices. In recent years, builders have been constructing more homes in Phoenix, which has increased the demand for homes. In turn, this has led to a lower inventory of homes on the market.
Bottomline
Phoenix is a city that has experienced explosive growth in the past five years, and it's no wonder why. With so much to offer, this booming economy combined with small-town charm makes for the perfect environment. So whether you're looking for an escape from big cities or want to explore new opportunities, we hope this blog post has helped your next move!
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