Phoenix Soars to #2 in National Rankings for Growth and Investment Potential Despite Housing and Heat Challenges
-
Metro Phoenix ranked #2 on list of top markets to watch for growth and investment in 2024 survey by Urban Land Institute.
-
Phoenix jumped 7 spots to #2, with Nashville ranked #1, followed by Dallas, Atlanta, and Austin in top 5.
-
Phoenix and Las Vegas noted for record-breaking heat waves, but still drew new residents and commercial real estate interest.
-
Metro Phoenix ranked #12 for markets to watch for home building in 2024, constrained by higher interest rates and shortages.
-
Phoenix housing market boom and crash has not fully rebounded, lagging pre-crash construction levels.