Arizona’s real estate market is booming, but rising heat and water scarcity may threaten long-term stability. Despite environmental risks, investors and new residents continue to flock to the state, driving up prices and straining infrastructure.

Phoenix ranks No. 4 nationally for investor home purchases, with small landlords leading the charge.

Extreme heat days in counties like Yuma and Maricopa will rise 30–40% by 2050, impacting livability and public health.

Water shortages are limiting new construction, making existing housing more valuable and more vulnerable.

Migration trends show early signs of outbound movement, with residents heading to cooler, more affordable states like Texas and Colorado.

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