Phoenix is once again one of the hottest real estate markets in the U.S. as the region continues to attract new residents by the masses, according to a new Urban Land Institute study released this week.
This year, Phoenix was ranked the second top market to watch for overall real estate prospects in 2024 — behind Nashville and just above Dallas-Forth Worth in the Emerging Trends in Real Estate Report for 2024.
Phil Briedenbach, a senior executive vice president with Colliers International in Phoenix, said the fundamentals of Phoenix — including the climate and a pro-business and growth attitude from the state — has kept Phoenix a high-growth city.
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