Second only to location, timing is pivotal to the decision to purchase real estate. Phoenix is a great location for investment and recent mortgage rate trends indicate that now is a great time to buy.
An Oasis in the Desert
Arizona is an arid state offering warm weather and sunshine most of the year, making it a great place to live, retire, or vacation. In addition to its enjoyable climate, the Phoenix area boasts its own desirable traits, particularly for professionals looking to buy homes. Phoenix and the surrounding areas have been listed in Forbes top 50 best places for business and careers with a low unemployment rate and job rates predicted to grow in the coming years. The Phoenix market is a growing and stable investment market, with a great tourist industry, a large military presence due to local Air Force installations, and a burgeoning tech industry as well as colleges. Home buyers in Phoenix pay an average of $184, 600 for a home, which falls below the national average.