Phoenix is projected to have 7.24 percent sales growth and 5.94 percent price growth in 2017.
Mainly due to the election of President Trump and his promise to increase economic growth to 4 percent and the anticipation of across-the-board, revenue neutral tax legislation, U.S. stock markets shooting up to historic gains, signaling that the country is preparing to shake off eight painful years of economic lethargy under President Obama shifting into a higher, pro-growth gear.
The Phoenix real estate market in 2016 was booming and it doesn’t appear that growth will slow down going into 2017.
Phoenicians should be pleased and excited about the positive economic growth across the Phoenix Metropolitan Area.
With additional capital in Phoenix, investors purchased the homes and created business models, which included rentals.
Limited supply, rising home values, ample jobs and income growth elevated Phoenix to the nation's top market position among the 50 largest metro areas for the current quarter.
When you combine that with the affordability that exists in Phoenix, especially compared to other western markets, it presents an opportunity for sales for people of all ages.
This is the fundamental reason why Phoenix is so strong.
This article was prepared by Winston Rowe & Associates; they are a no upfront fee due diligence and consulting firm. You can contact them at 248-246-2243 or visit them online at http://www.winstonrowe.com