Phoenix is the capital of Arizona, the southwestern. State. Known for its warm, year-round sunshine and long days, it anchors an expansive, multi city urban region known as the Valley of the Sun." It is well known for high-class spas, luxurious golf courses, Jack Nicklaus designed golf courses and outdoor nightclubs. Other attractions include the Desert Botanical Garden, with its many native plants and cacti, and the Phoenix Convention Center, featuring a roof-top concert hall.
The growth rate of cities in Arizona, both in absolute number and growth rate, lags behind that of neighboring states. In addition to Phoenix, there are a number of smaller towns in Arizona, most notably Maricopa County, which, like Phoenix, is a fast-growing metropolitan area. Although comparable to other cities, population growth in Phoenix have been slower. Despite this, both cities continue to attract people due to their attractive local climates, excellent job markets, and cultural offerings.
With more than three million people living in Phoenix and almost two million in the Phoenix suburb area, this city provides for a good mix of culture and population, including a large segment of native. A booming housing market has helped drive down housing costs to a level that most people can afford, although that affordability will be accentuated by a sharp increase in construction starting or related to the growth rate. In addition, a rezoning plan, currently on the books, could bring higher density development to areas already zoned for such development. In Tempe, at the heart of this neighborhood is the Tempe Marketplace, a popular retail, office, and mixed-use space that draws residents who appreciate a mix of amenities.
Population growth has helped Arizona communities sustain and grow in a way that other Southern cities have not. In Phoenix, new subdivisions are opening up to meet and exceed the demand for land. In addition, as described above, the rezoning policies are helping to make those developments much more affordable for local residents while still providing the population with plenty of new homes, businesses, and attractions. The combination of these developments, plus an already strong and reliable housing market, are helping Phoenix Arizona meet and exceed the needs and desires of citizens.
Real estate markets in the Phoenix areas continue to experience significant activity, but at a slower pace than some of their southern neighbor cities. While Arizona overall has shown slow population growth, Phoenix saw marked increases in both single family and multi-family home sales over the last year. However, with sales still increasing more rapidly in the southern direction, Phoenix appears to be lagging behind in part because of the lack of suitable mortgage and subprime lending opportunities.
Whether you are looking for a new home, an apartment, a condominium, or a piece of property, you will find plenty of new houses and real estate offerings in Phoenix Arizona. These communities continue to prosper and add to the regional economy. The number of people moving to this part of Arizona is expected to keep growing at a rate that is faster than the national average over the next few years. As Arizona residents become more aware of what makes Arizona so unique and conducive to living, they will drive the growth of this vibrant and growing community. Arizona's population growth will continue as our tourism industry continues to flourish.
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