The National Association of Realtors has named metro Phoenix to its list of the 10 Top Housing Hot Spots for 2025.Cities selected were based on economic, demographic and housing factors predicted to significantly affect local markets as detailed in NAR’s newest report, Housing Hot Spots for 2025: Top Markets Amid Stabilizing Rates.The Phoenix area is the only metro in the Western United States to make the NAR list of housing hot spots, which includes areas such as Boston, Charlotte, Indianapolis, Kansas City and San Antonio.Important factors common among the top 10 performing markets in 2025 include available inventory at affordable price points, a better chance of unlocking low mortgage rates, higher income growth for young adults and net migration into specific market areas, said Lawrence Yun, NAR’s chief economist and senior vice president of research.Phoenix performs exceptionally well in job growth, net migration and attracting movers from out of state, said J. Andrew Turley, president of Phoenix Valuations.”As Phoenix continues to balance its affordability concerns with high-end growth, the city remains poised for sustained development,” Turley said. “Its expanding commercial real estate sector, strong job creation, and strategic positioning in key industries ensure that Phoenix will remain a magnet for investment and economic activity in the years to come.”With so much pent-up demand, mortgage rates moderating, white hot fundamental metrics and a settled election, Turley expects 2025 to be as frenzied and robust as 2021.Comparatively low taxes, widespread economic opportunity, robust migration from other states and glorious weather year round are just a few of the main reasons Arizona is such a desirous place to live, said Greg Hague, founder of Scottsdale-based 72Sold.”To me, the Phoenix housing market feels like it’s poised to explode,” Hague said. “There are a massive number of homebuyers on the sid …
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