Phoenix Second-Hottest Market for Real Estate in 2024

Article originally posted on Phoenix Business Journal on November 7, 2023

Phoenix is once again one of the hottest real estate markets in the U.S. as the region continues to attract new residents by the masses, according to a new Urban Land Institute study released this week.

This year, Phoenix was ranked the second top market to watch for overall real estate prospects in 2024 — behind Nashville and just above Dallas-Forth Worth in the Emerging Trends in Real Estate Report for 2024.

Phil Briedenbach, a senior executive vice president with Colliers International in Phoenix, said the fundamentals of Phoenix — including the climate and a pro-business and growth attitude from the state — has kept Phoenix a high-growth city.

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