10/02/2022
This is what every Investor should read!!
September 1, 2022 By Marco Santarelli
“Phoenix, Arizona
Phoenix is also on the list of best places to invest in rental real estate in 2022. It is becoming a top destination for people living in high-cost areas like Los Angeles & Seattle. The Greater Phoenix area was also predicted to be among the top housing markets in the year 2020. Phoenix's housing market started so strong in 2020 that only something as drastic as the ongoing pandemic could have impeded the real estate sector. The year started with an extreme shortage of houses for sale, and an increasing number of sales over the asking price of property owners.
In January, many experts expected moderate growth and moderate price appreciation in 2020. In March, Metro Phoenix’s median home price hit a record of $302,500. The median sales price in Maricopa County for Q1-2020 was $309,990, up by + 12.7% from last year. Even in the times of the Covid-19 pandemic, the sales prices in the Phoenix housing market are not declining. The favorable living conditions have, furthermore, comforted real estate investors and buyers to invest in Arizona real estate market.
Top Reasons Why Phoenix is One of The Best Places to Invest in Real Estate
* There are several other reasons to consider investing in Phoenix real estate.
* Affordable real estate.
* The median home price is $269,175.
* Phoenix home values have gone up 8.0% over the past year.
* Currently, it is a red-hot seller's real estate market in the United States.
* Phoenix's housing market has been one of the highest appreciating communities not only in Arizona but in the nation as well.
* Its more reasonably priced housing, lower cost of living, available workforce, and stable climate forecast a growing economy and stronger housing growth.
* Prices are up 17.8% since two years ago and 145% since prices bottomed out in May 2011.
* The national economy is super strong and the number of people moving into Phoenix is finally strong again after tanking during the Great Recession”
https://www.noradarealestate.com/blog/best-places-to-invest-in-real-estate/
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We looked at data and examined trends from across the US to bring you this list of the 21 best places to invest in real estate in 2022.
