Phoenix 1st Quarter Trends
Hendricks-Berkadia has released is 1st Quarter Economic Report for the Phoenix metropolitan area.
According to the report, “In the 12-month period ending in the first quarter, Phoenix employment rose 1.6% with 29,100 additions to the workforce.” With an increase in job growth, population growth should follow and inherently increase demand for housing.
With the Phoenix market being one of the most volatile real estate markets in the country, it becomes very important to watch your entry and exit timing. One of the great benefits to multi-family is that it becomes somewhat of a defensive asset when the demand for single family purchases decreases.
You can access the full article here: Phoenix Economic Trends (1Q)
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Monthly reports are available online through Hendricks-Berkadia’s proprietary ApartmentUpdate.com