Now two months into 2025, Phoenix’s housing experts have developed a feel for how the market is shaking out. But one thing is clear: every sector of the residential real estate market is built differently.After numerous conversations in recent weeks, we’ve broken down all the trends to see how homebuilders, multifamily developers, luxury brokers and build-to-rent specialists foresee the Phoenix market rising to challenges and seizing opportunities in 2025.Homebuilder sentiment: Bullish, and then someDespite some potential hiccups, homebuilders are bullish in metro Phoenix, an area seeing more job and population growth, but the cost to build a home is rising, which negatively impacts affordability for homebuyers.”Phoenix has such a high quality of life and is seeing continued job growth,” said Alan Jones, Phoenix division president for Miami-based Lennar Corp. (NYSE: LEN). “Those two positive points together are very impa …
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