Amsterdam and London are the two other cities that score higher than a 1. Historically, investors have had to be alert to rising interest rates, which have served as the main trigger of corrections. Some of the worrying factors include rising interest rates, as well as growing political tensions as the crisis of affordability makes it harder for average people to live in these global financial centers. Here is annualized growth in percent over the last year, as well for the last five years for cities in the index:. As you can see, some of these cities have had negative growth over the last 12 months, including New York, Toronto, Sydney, London, and Stockholm.
In Hong Kong, you need to work 22 years to afford a sq. In Canada, the two cities in the index are starting to go in alternate directions, although recent signs also point to a potential slowdown in Vancouver:. Finally, the U. Get your mind blown on a daily basis:. The team defines megaregions as:.
Rather, satellite data highlights the proximity between these rough but useful regional estimates contributing to the global economy—and supercities are at the heart of it.
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Economic geographer Jean Gottman popularized the Greek term, referring to the booming and unprecedented urbanization in Bos-Wash —the northeast stretch from Boston and New York down to Washington, D. By looking at adjacent metropolitan areas rather than country-level data, it can help provide an entirely new perspective on the global distribution of economic activity. Each megaregion contributes significantly to the global growth engine, but arguably, certain areas pull more weight than others. The corridor hosts some of the highest-paying sectors: information technology, finance, and professional services.
Of these, Greater Tokyo in Japan is the largest, while Shandong might be a name that fewer people are familiar with. Sandwiched between Beijing and Shanghai, the coastal province houses multiple high-tech industrial and export processing zones. This trend shows no sign of slowing down, as megacities are on the rise in the coming decade. Eventually, more Indian and African megaregions will make its way onto this list, led by cities like Lagos and Chennai. Stay tuned to Visual Capitalist for a North America-specific outlook coming soon, and a deep dive into the biggest factors contributing to the growth of these megaregions.
Since the turn of the century, only a meager 5.
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Gender equality has made significant strides since the days of Rosie the Riveter. The kicker? Across the large-cap companies in the index, only 70 women have ever held the position of CEO or similar titles—and only 28 women currently have this status. Since the index is fluid and regularly updated, women CEOs were selected based on whether their company was listed in the index during their tenure. Out of all the sectors represented on the timeline, the top categories are retail with 14 women CEOs, engineering and tech with 10 women CEOs, and finance with 9 women CEOs. Only two women CEOs show up more than twice on the timeline.
Women CEOs still lead a meager 5. Such stunted growth is setting back equality at the C-suite level drastically. From the outset, fewer women than men are hired at the entry level. And at every subsequent step, the representation of women further declines.
Email address. Connect with us. A Coming Correction? According to Zillow, in Phoenix 0.
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This is lower than the Phoenix-Mesa-Scottsdale Metro value of 0. The percent of delinquent mortgages in Phoenix is 0. With U. The percent of Phoenix homeowners underwater on their mortgage is 7. There are currently 1, properties in Phoenix, AZ that are in some stage of foreclosure default, auction or bank owned while the number of homes listed for sale on RealtyTrac is 3, Arizona real estate market has been thriving this year.
The favorable living conditions have, furthermore, comforted real estate investors and buyers to invest in Arizona real estate market. Phoenix home prices were up 9.
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Prices are up On the other hand, Phoenix home prices are now only back to where they were at the top of the real estate bubble in , 12 years ago. Despite the increase in property prices, the Phoenix real estate market remains much more affordable than other places. According to Neigborhoodscout.
Why Real Estate Will Always Be More Desirable Than Stocks
Phoenix real estate appreciation rates are so strong that despite a nationwide downturn in the housing market, Phoenix real estate has continued to appreciate in value faster than most of the markets. In the latest twelve months, Phoenix real estate appreciation rates continue to be some of the highest in the nation, at 8. Phoenix has been one of the highest appreciating communities not only in Arizona but in the nation as well for the latest quarter of If you are looking to buy real estate in Phoenix, you should know the best places to invest in.
There are schools in Phoenix, AZ. There are 35 neighborhoods in Phoenix. Is it worth buying a house in Phoenix, AZ? Many real estate investors have asked themselves if buying a property in Phoenix is good investment? You need to drill deeper into local trends if you want to know what the market holds for the year ahead.
We have already discussed the Phoenix housing market forecast for answers on why to put resources into this market. Although, this article alone is not a comprehensive source to make a final investment decision for Phoenix, but we have collected ten evidence based positive things for those who are keen to invest in the Phoenix real estate in Investing in Phoenix real estate will fetch you good returns in the long term as the home prices in Phoenix have been trending up 2.
The section of Phoenix wedged between Seventh Street and Seventh Avenue is undergoing a wave of commercial redevelopment, fueled by more than five billion dollars invested to date. High rise developments and mixed-use projects have been built, and several more are underway. Public transit in this area is significantly improved.
That is making this area and neighborhoods bordering it an excellent place to invest in the Phoenix housing market. It is cultivating fifteen complete walkable communities across the metro area with strong public transit, denser housing, and locally provided services. This is a radical shift from the suburban sprawl the area has long been known for. The capital of any state will be home to its flagship university, and Phoenix is no exception. There are secondary campuses in downtown Phoenix, northwest Phoenix and neighboring Glendale.
These schools alone have more than seventy thousand students.
There are easily , college students renting in the Phoenix housing market. You could invest in large single family homes or multi-unit buildings to rent to students at any of these campuses. There are more than of these golf courses in Arizona, but most are located in and around the Valley of the Sun. There are a number of sports teams located in Phoenix and a wealth of tourist attractions. A law that went into effect in made Arizona a leader in AirBnB rentals.
The sites are required to collect taxes on the rentals, simplifying revenue collection for the state and the landlords. This makes Arizona a great place to buy a single family home or condo to rent out to tourists. The snowbird movement is somewhat different than the conventional tourist market. Quartzite, Arizona in particular draws two million snowbirds and tourists. The city stands out for its sixty plus RV parks. An estimated , people stay all winter before returning home.
Some own second homes in Arizona communities restricted to active adults, while others stay in trailer parks. This creates an unusually diverse opportunity for those considering investing in the Phoenix real estate market. The same things that attract many people to Phoenix as snowbirds causes many to retire here permanently.
Why Long-Term Investments Need to be Just That
This means that many snowbirds end up staying permanently in the Phoenix housing market. Sun City stands out as a mecca for seasonal and year-round retirees, but it is far from the only retirement community in the Phoenix real estate market. The aging of the U. Arizona, unlike California, allows landlords to serve an unconditional quit notice.
Renter-friendly rules like requiring a landlord to return a rental deposit within two weeks are not a burden. Conversely, laws that say you can evict a tenant within ten days for lying on a rental application are a definite plus.
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Kiplinger listed Arizona as the 8th most tax-friendly state in the U. The state income tax is 2. Arizona has been lowering its capital gains tax rate, as well. The state has a relatively low transfer tax on deeds or land contracts, too. While California and Florida are seen as hot real estate markets, one of the major attractions of the Phoenix real estate market is the affordable real estate. The prices in the Phoenix real estate market are a little higher. Homes in the Phoenix housing market are approaching the record. Suppose you buy a house to renovate and rent out. Phoenix deals with a large retiree population, both permanent and seasonal.
The city also recognizes the need for affordable housing, and they allow people to build and rent out ADUs as affordable housing, especially if the property is within walking distance of public transit. Buy a house, rehab it and build a granny flat, and you have two rental properties for not much more than the price of one.