Phoenix a top 10 city for residential real estate in 2018
Business Insider named Phoenix one of the top 10 U.S. cities for investing in residential real estate properties for rental income or a new home. Many first-time home buyers delayed investing in a home after the housing market crash that began n 2007.
· Employment growth: 3%
· Population growth: 2.03%
· Increase in home values: 9.5%
· Rental yield: 5.73%
Rental property owners in Phoenix will find favorable conditions such as one of the highest rates of population growth and better-than-average employment growth. The median home value in Phoenix increased by a solid 9.5 percent.
Phoenix top 10 city
