Phoenix Ranked Among Fastest Growing Cities in the US

Wondering if you should invest in Phoenix real estate this year? Many 2014 investors are taking advantage of the substantial economic growth seen in Phoenix, AZ. In fact, Phoenix was recently ranked among the Fastestphoenix market trends Growing Cities in the US by Forbes. In their recent report, Forbes analyzed the top metro areas in terms of annual population growth and economic conditions.

The list comprises some of the largest Metropolitan Statistical Areas in the U.S., which include major cities along with their surrounding suburbs. Forbes ranked each city using a variety of factors such as year-over-year population growth, job growth and gross metro product growth. Unemployment rates and the median salary for college-educated workers were also taken into consideration.

Among the Top 20 Fastest Growing Cities in the U.S., Phoenix ranked third behind Austin, TX and Raleigh, NC. Phoenix has shown impressive economic growth from 2013 to 2014, with a population increase of 1.67 percent and an unemployment rate of 6.4 percent. The median salary for workers with a college education is $64,200.

Continued projections for economic growth in Phoenix are driving investors to scoop up the remaining deals in the area. If you are considering buying a Phoenix property, 2014 will be the year to do it. Give us a call at (602) 791-0536 or email Carmen@TopScottsdaleHomes.com for a personal tour of homes for sale. If you would like information on the current market conditions, visit our Phoenix Market Trends page.

Carmen Brodeur
Realtor | Attorney
Trillium Properties
8755 E Bell Road, Suite 108 | Scottsdale, AZ 85260
Cell (602) 791-0536
Direct (800) 300-0263
Carmen@TopScottsdaleHomes.com