2014 has been the year that investors have finally come back and got serious about investing in secondary-markets in metropolitan-areas.
Steadily increasing, investments continue to follow the growing trend of young-workers and opportunity seekers, moving to tech-friendly sister-areas of the countries major cities.
In particular, let’s focus on Phoenix-metro, which on the top 50 list of ‘most moved to cities’, jumped 8 spots to number 25, previously at number 33 in 2013.
Where the 18 to 35 age group moves, the investment capital and home builders follows and it’s showing up in the latest statistics and surveys.
In Phoenix, a steady growth in the investment, development and homebuilding sectors show no signs of stopping moving into the latter of 2014 and early 2015.
What are movers seeing in Phoenix and other big metro’s? Great investment and opportunity, not only in terms of money, but in terms of their personal future.
Optimism is the welcomed feeling that is trending now with Generation Y (19 to 35 years old).
An optimistic outlook on starting a family, new businesses, or career opportunities are why secondary markets like Chandler and Gilbert (neighboring Phoenix Metro) are attracting tons of investment capital and new land deals for new home developments by homebuilders.
The recovery began in 2011 but people didn’t act on it. Now it is believed and money is backing that belief.
The real estate industry is preparing for the inevitable impact of the millennial generation, which has have the highest rate of growth over the next 5 years.
Phoenix has the highest projected growth over next 3 years at 8.8%, according to latest housing trends.
If you would like information on new home developments in Chandler AZ give us a call at 480.313.3924 .
Here is a list of new home developers in Chandler and Gilbert , AZ
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