Phoenix, which its residents fondly call “Valley of the Sun,” has seen a huge improvement in many aspects — from employment to housing to business. All these contributed significantly to many of its residents staying and not wanting to live elsewhere. These are also the main factors why many people from other cities and states chose to move and become long-term permanent residents of Arizona’s capital.
Up to now, it continues to attract people from all over the country — not just as a place to visit, but also to live in. Here’s why it makes for a great home:
Job Growth With a Speed Twice That of the Country’s Average
Phoenix boasts of having the greatest economic growth of all the cities in Arizona. Here, employment opportunities keep appearing at a speed twice as fast as that of the national average. Most of these jobs fall under the sectors of large finance, healthcare, and retail.
The city’s ever-expanding economy means many potential jobs awaiting you, especially in the mentioned industries.
Mortgages Offer a Sound Investment
The economic growth of Arizona’s capital resulted in the increased demand for residential properties. Because of this, experts predict that Arizona’s capital will lead the housing market this year.
As home ownership is one of the primary goals of most consumers, many lending institutions now offer their services here. This means that you have higher chances of securing a more affordable mortgage in Phoenix than you would in other parts of the country.
As a final note, keep in mind that the growth in economy and homeownership rating will then promote the increase of population in the city. In other words, more consumers living here means more potential customers for your own business.