What is the Phoenix housing market like this year?
The Greater Phoenix housing market is extremely strong this year. It is a metropolitan area, centered on the city of Phoenix, which includes much of the central part of Arizona. The Phoenix real estate market has not only recovered after a slump due to COVID-19 but the demand has reached new heights.
Are Arizona wages keeping up with rising housing prices?
Arizona home values have gone up 31.3% over the past year and most likely they will continue to rise at a similar rate (double-digit appreciation) over the next twelve months. This also raises a bit of a concern that in Arizona wages are not keeping up with the rising costs of housing.
What is the slope of the Phoenix Open qualifying golf course?
Papago Golf Course is home to the Phoenix Open qualifying, and has a slope rating of 132 from the back tees, which puts it in league with many higher-end courses as far as difficulty. It was designed by William Bell who also did renowned Torrey Pines.
Is it worth it to invest in Phoenix real estate?
Phoenix real estate prices are well above average cost compared to national prices. It depends on how much you are looking to spend and if you are wanting smaller investment properties or larger deals such as duplex and triplex in Class A neighborhoods. The inventory is low, but opportunities are there.