Why Investing in Arizona?
According to realtor.com, numbers are showing people moving to the West and South, and away from the Northeast and Midwest. Ken Gronbach of KGC Direct says “Cities where taxes are low and housing costs are reasonable will see a huge influx of people over the next five to ten years.
Phoenix was chosen #1 metros adding the most residents. The Phoenix region has become a top destination for folks fleeing high-cost West Cost cities. These new residents are not just retirees and snowbirds. The region’s strong local economy is seeing number of employers relocate to the area and a younger workforce with them. 318% increase in tech companies in Downtown Phoenix since 2012 and 32 new companies moved to Phoenix in 2017. Arizona matched its strongest gain in more than 11 years with a 4.2 % year over year gain in 2018 of its Gross Domestic Product (GDP). The Super Bowl is coming to Phoenix again in 2023 and Final Four is also coming to Phoenix in 2025. Phoenix also has big yearly events such as the Phoenix Open, Major League Baseball Spring Training, Arabian Horse show, Barrett-Jackson car auction, and more. Phoenix also has the nation’s top cities in the number of Five Diamond and Four Diamond and Five Star and Four Star resorts. Phoenix is considered to have one of the best culinary in the country. This great weather with not many natural disasters, affordable housing, affordable living and strong economy is bring in more than 22 million people visit metropolitan area each year.