12/18/2024
The National Association of Realtors (NAR) predicts Greater Phoenix will be one of the top performing markets in 2025. With stabilizing mortgage rates forecasted to hover around 6%, growing inventory, and increasing income and job growth, the Valley is set for a strong housing comeback.
NAR expects affordability challenges to ease as more homes hit the market, thanks to a combination of new construction and homeowners feeling confident enough to list their properties. With this boost in activity, buyers are projected to have more success achieving homeownership than in previous years.
What does this mean for Phoenix? Rising demand and steady home price growth, paired with the unique lifestyle that draws people here from all over.
👉 Share this post with a friend who might be thinking about buying or selling in 2025.