You may have heard the news … The National Association of Realtors is predicting the Phoenix real estate market to be the hottest market to watch in 2017.
‘“The top 10 markets all benefit from strong growth dynamics: population, jobs, and households,” says Jonathan Smoke, realtor.com’s chief economist, who analyzed the country’s 100 largest metropolitan markets for their growth potential. “They all have low unemployment that’s heading lower, which buoys consumer confidence.”‘
It’s an exciting time for people wishing to buy or sell during the coming year. Sellers can expect a continued stream of buyers for their property, and buyers can expect their property values to continue to increase. It’s a win-win for everyone.
“The top 10 are forecast to see average price gains of 5.8% and sales growth of 6.3%, exceeding next year’s anticipated national growth of 3.9% and 1.9%, respectively.“
You can read the entire article HERE.