Last month a total of 16,865 foreclosures were reported in Arizona, up 3.8 percent from the previous monthand up 31 percent from the same month a year ago. Of that total, 12,749 occurred in Maricopa County, which was up 13.5 percent from April and 31.2 percent from May a year ago. During May Arizona posted the fourth-highest state foreclosure rate in the nation, with one in every 158 housing units receiving a foreclosure filing. That rate was topped only by Nevada, California and Florida. Arizona foreclosure filings ran double to US average.
Cited above: http://www.eastvalleytribune.com/story/140330
Investors and primary buyers continue to purchase low priced homes here in Phoenix, AZ. We are running out of homes priced $150,000 and below. Investors are putting 25% down on the home. Then, rent the home out that will cash flow between $400-600. I am seeing more and more people take money out of Wall Street and invest in Main Street. Why would you not invest in real estate at these great prices? A bank just accepted an offer on a four bedroom house with close to 2,300 square feet for $81,000. It was built in 2003. That was a smoking deal. The investor is paying cash for the house. People are starting to purchase real estate as an alternative investment.
Consistently in top 10 when it comes to population growth and jobs. The great combination of Baby Boomers, low interest rates, plenty of inventory, and low unemployment make Phoenix an ideal location for people to relocate
- Phoenix is expected to grow by 40% over the next decade according to Arizona Department of Commerce-120,000 plus new homes scheduled to be built to keep up with the demand for housing needs by new comers to the Valley
- Phoenix is one of the fastest growing cities in America. Currently, we are ranked the 5th largest city.
- Phoenix offers a diverse economy along with an educated workforce.
Here are the main reasons for investing in Real Estate:
- Appreciation leads to increase value
- Cash Flow-leads to residual income
- Tax deductions
- Principal reduction by reinvesting the cash flow
- Risk level low since asset is insured
- OPM-use other people's money
- Leverage assets to purchase more assets
- 1031 exchange into commercial properties
- Assists in paying college
- Great way to retirement planning
Let me know if I can be of any assistance to anyone looking to investing in the greater Phoenix metropolitan area. I have created the Real Estate and Beyond Network for out of state investors to make it easier for investors to invest here in Phoenix, AZ. Please visit my web site at www.DeliaTeam.com.
Make the Call, Set the Plan, Do the Deal$!
Feel free to listen to my Radio Show to learn more about the phoenix real estate market, new trends, and the latest opportunities. The Real Estate and Beyond Radio Show Airs every Saturday from Noon-2:00pm on Conservative Newstalk KKNT 960am in Phoenix, Arizona. You can listent to past shows, or stream on-line.
Phoenix Real Estate Resource Center
Follow Me On: 
