Published March 13, 2019
Phoenix Ranks Second Top US City In Housing And Job Growth!
With 56 percent of homes sold deemed affordable to a medium-income earner in the city, Phoenix ranked second-highest city in the nation when it comes to housing and attracting high-quality jobs, according to a recent report by CBRE based on the Housing Opportunity Index.
That's quite an impressive number when compared to the 6 and 7.7 percent posted by cities like San Francisco and Los Angeles. No wonder an average of 174 people move to Phoenix each day, some notably from California.
Affordable cost of living is also one of the main reasons why Phoenix has the second-highest job growth in the country at 3.7 percent. But all that positive growth also brings along some challenges. Limited housing has caused a number of people to move into multi-rental housing units with the increasing demand resulting in rising rent prices. But why rent now when you're looking to live long term in the same home than move around? Why rent when you have an opportunity to buy in this period of high employment growth and high quality jobs in Phoenix?
Your best bet is to work with not just one realtor but a whole team of specialists to help you navigate your way in this time of limited inventory to the ideal home for you at the right price. Make your dream home a reality by getting in touch with The Shanna Day Team today!
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Phoenix Ranks Second Top US City In Housing And Job Growth!
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