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.

Today, home prices and values have recovered in areas across the U.S.

GoBankingRates ranked Phoenix among the best conditions for prospective new homeowners based on three factors:

  • Foreclosure rates
  • Share of the market represented by first-time homebuyers
  • Median list price for a home

In addition, a recent study identified home-loan programs that can help buyers lock down affordable mortgages. Phoenix made the top 10 based on some common points:

· 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.

Equal Housing Opportunity

 

 

 

 

 

 

Phoenix residential real estate