CEO says watch for Phoenix housing to heat up

hot-real-estate-market1
By Diana Olick | CNBC

Home prices continue to rise and now the gains are accelerating again. Short supply is the culprit in the hottest areas, keeping properties supremely pricey

But supply isn’t terribly tight everywhere; that presents some enticing new opportunities for buyers. Some of the most up-and-coming metropolitan housing markets are actually some of the most affordable. As millennials age out of their expensive rentals and seek affordable, urban homes, these new markets could heat up quickly.

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