Phoenix named hot housing market to watch in 2015

hot housing market

According to Realtor.com, Phoenix’s housing market is projected to grow 7% over five years. Local experts aren’t as optimistic.

by Catherine Reagor | The Republic

Metro Phoenix is one of the U.S.’s “10 hottest housing markets to watch in 2015,” according to a new Realtor.com report.

The real estate website’s chief economist, Jonathan Smoke, said Phoenix’s potential for income growth and new-home construction landed it on the list.

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