Greater Phoenix’s economy and real estate market are stable, ranking first in the United States again

Greater Phoenix’s economy and real estate market are stable, ranking first in the United States again In 2017, the real estate industry in Greater Phoenix topped the list in the United States again. The strong development of the local economy and population...

In 2017, the real estate industry in Greater Phoenix topped the list in the United States again. Due to the strong development of the local economy and the increasing population, the local real estate market ranked among the top in the United States for several consecutive years. Housing prices in Phoenix increased by a solid 5.9%, and home sales increased by 7.9% over the same period. Arizona has also become a hotspot for other U.S. states and overseas investors. Professionals still have full confidence in Phoenix real estate development. The major Internet economy transfer industries have formed scale and momentum in Phoenix (Mesa, Phoenix). The high-tech and semiconductor industries are still stable and developing healthily (Chandler). The finance, medical industry (Scottsdale), and education (Tempe/Chandler) industries have made great progress on the original basis. In order to meet the development of the entire greater Phoenix area, the transportation department is also strengthening infrastructure construction. Multiple highways and light rails have been built or extended to form a more complete and convenient transportation system.

We often say that buying a house is Location, Location, Location, location, location, location. With these maps, you can know clearly that investing in and buying real estate in economic centers is the safest investment. Real estate taxes in the greater Phoenix area are extremely low, about 0.5% of the real estate market price. This has also become an important factor in attracting real estate investors. Phoenix has once again become the fifth largest city in the United States. With its size and development trend, the overall real estate price is relatively low compared with many big cities. You can buy a good investment house with a house price of 200,000 to 300,000 US dollars. The net yield of the house can be stable at around 8% (total yield on rental and sales). As a neighbor of Greater Phoenix, Tucson is also in the top ten in the United States. The real estate situation in Sedona and Flag Staff is very good, once again highlighting the overall advantages of Arizona.

Senior real estate information researcher Real estate agent Tinna Xie (480)287-0180 Tinna@platinumaz.com Platinum Realty Group