November 21, 2024 2:59 pm
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Phoenix joins list of ‘trillion-dollar’ metros in housing value

By Independent Newsmedia

The Phoenix market has seen home prices rise during the past four years, and this month it joins an exclusive club: metro U.S. cities with a home market worth more than $1 trillion.

The report, from real estate website Redfin, found eight U.S. metro areas where the combined housing market value was more $1 trillion. Phoenix joins Anaheim, Califonia; Chicago; Washington, D.C.; New York; Los Angeles; and Boston as those markets.

Phoenix just crossed the threshold with a market value of $1.001 trillion. In comparison, New York’s housing market is valued at nearly $2.48 trillion, and Los Angeles at $2.19 trillion.

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Rose Law Group Reporter, which provides Dealmaker’s content and service, is contracted by Rose Law Group. Rose Law Group is a full service real estate and business Law Firm practicing in the areas of land use/entitlements, real estate transactions, real estate due diligence/project management, special districts, tax law, water law, business litigation, corporate formation, intellectual property, asset protection, data breach/privacy law, ADA compliance, estate planning, family law, cyber-law, online reputation and defamation, lobbying, energy and renewable energy, tax credits/financing, employment law, Native American law, equine law, DUIs, and medical marijuana, among others. The views expressed above are not necessarily those of Rose Law Group pc or its associates and are in no way legal advice. This blog should be used for informational purposes only. It does not create an attorney-client relationship with any reader and should not be construed as legal advice. If you need legal advice, please contact an attorney in your community who can assess the specifics of your situation.