Rates have moved down quickly in the past ten days even for Phoenix Investment Properties. Refinance and purchase applications are already surging to 2011 highs with consumers taking advantage of the opportunity of locking in low payments.
Non-distressed Phoenix properties sold by sellers and/or investors have started to stabilize. That is an attribute proving that the worst could be behind us, Ajay Rajadhyaksha, the co-head of U.S. fixed income strategy at Barclays Capital, said in a research note. An increase in straight sales with no Banks involved over the summer should lead to another change in the mix of homes, in favor of non-distressed sales, and the aggregate index of home prices should stop declining and in hopes seeing a slow increase and stabilization of home prices in Phoenix. “In sum, there are many reasons to worry about the U.S. macroeconomic picture (the recent softening in the labor market, the U.S. fiscal picture, etc.) but the recent drop in Phoenix home prices should not be one of them,” according to Rajadhyaksha. Source: CNBC.com
The U.S. population is projected to grow by 150 million within the next 40 years and “more compact, mixed-use development” is needed to handle the growth and changing demands, Patrick Phillips, CEO for the Urban Land Institute, told an audience at the National Association of Real Estate Editors annual conference this week. “The design and development of urban areas will be radically different in the decades ahead. We are seeing a push to make our cities more livable and sustainable with more construction near downtown. Single Family homes are the number #1 demand properties, he noted. Also, younger generations, in buyer preference surveys, are placing a higher value on the sense of community and are willing to swap extra space for convenience. An urban renaissance has been taking place with neighborhoods that are near urban centers becoming more desirable, Phillips said.
Laveen Investment Property is a sound financial decision as it is close to proximity of the Phoenix Sky Harbor Airport, University of Phoenix as well as Downtown Phoenix. In that case investors who have purchase properties in Laveen are close in proximity getting the best of both worlds, a newer construction single family home paired with a good sized lot and close in proximity to the inner city. Contact us today for our Turn Key Laveen Investment Homes and surround Phoenix Area. Build a solid Phoenix Rental Homes Portfolio today with expert guidance from acquisition to Cash Flow leases.

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