Posts Tagged ‘Phoenix Investment Property’

Phoenix Investment Property chart shows a slow but steady increase in the price per square foot for homes sold at Phoenix Trustees Sales. Arizona Homeowners are able to resell their properties to new Phoenix homebuyers. If it holds for the rest of December it will be the first time since June the price has been over $100 per square foot. The NUMBER of properties sold is basically on the same schedule as the last couple of months and down somewhat from December of last year, but is this the sign of recovery?! The charts are a measurement of ordinary Arizona single family homes throughout the entire metropolitan Phoenix area. On December 23rd 2010 a Phoenix Foreclosed Homes Freeze will be put into effect through the new year (January 3rd 2011). Not all Arizona homeowners will be affected but it should drive up the pricing during those 2 weeks according to statistics. If you have questions, please contact Phoenix Investment Property partners today.

Phoenix-Real-Estate-Market-Update

About a week ago, Federal Reserve Chairman Ben Bernanke said that the housing market “has shown some signs of bottoming” after three consecutive years of declining. 

 “Although some of the boost to sales in the market for existing homes is likely coming from foreclosure-related transactions,(Phoenix bank owned homes and short sales) the increased affordability of homes appears to be contributing more broadly to the steadying in the demand for housing,” he said. This was welcome news to the real estate markets, as new home sales show a substantial uprise as well.

Chairman Bernanke noted the average rate for a 30-year fixed-rate mortgage has fallen nearly 1 ¾ %  since August, and falling Lender owned and distressed property inventories is setting up for a recovery in the Phoenix Real  Estate market and the national market as well. 

In addition, the Fed chairman said the economy should bottom out very soon and “turn up later this year,” assuming that gradual repair of the financial system continues.

Chairman Bernanke noted that the U.S. economy has “contracted sharply” over the past half year, and that he sees “further sizable job losses” and a rising unemployment rate in the coming months.

However, he also stated that the U.S. economy could return to growth later this year, provided that improvements in the financial markets continue.
He noted that, “In coming months, households’ spending power will be boosted by the fiscal stimulus program, and we have seen some improvement in consumer sentiment.”
 “Even after a recovery gets under way, the rate of growth of real economic activity is likely to remain below its longer-run potential for a while, implying that the current slack in resource utilization will increase further,” he said. “We expect that the recovery will only gradually gain momentum and that economic slack will diminish slowly.”

This was certainly an encouraging statement from one of the most powerful monetary policy figures in the world. Whether we are seeing a bottom or not is still a question to be answered. However, hard economic evidence shows an increase in home sales, coupled with low interest rates, which has only helped the Phoenix housing market. We will see in the coming months if we can continue to sustain momentum and finally gain traction in the real estate market. Phoenix investors, do not wait until the real estate market makes a complete recovery. Now is the time to purchase positive cash-flow producing Arizona income property and wait for appreciation. Homes located in central Phoenix are selling for below market prices (upwards of 30 to 50% below market) will not last. Slowly but surely, bank owned inventory is being absorbed quickly by investors, and once they diminish, its inevitable that all these homes will slowly begin to regain their value. Contact RealVision Group today and begin structuring your Phoenix Investment Property portfolio with expert advice and guidance.

Angel Karchev

RealVision Group – “where success is by design”

602-762-3636

602-686-0456

Statistics are showing that new home sales increased 2.7% in September , according to U.S Census Bureau.  Even where we are today with that small inch increase, we are still down 33% in home sales from this time last year. To try and neutralize slower home sales, builders have reduced production dramatically and inventory of Single Family Homes has been offset slightly. At the currentl pace of disposition, it would probably take 10.4 months for inventory of Single Family Homes to be absorbed.

Published by: Angel Karchev of RealVisionInvestor.com

RealVision Group

602-762-3636

angel@realvisioninvestor.com

All we seem to hear these days is how bad the economy is, how bad the housing market is…we agree there is a long road ahead, but with all this bad news there is also some good news. We look at and analyze MLS (Multiple Listing Service) data almost daily and we are are seeing some promising data. We are sure you have heard California residential property sales are up approximately 66% from the same time last year. Well guess what, in Arizona we are seeing the same trend with the Greater Phoenix Real Estate market. FACT: Maricopa Count for the same month of October 2007 we sold 1,859 single family homes for this year in October we sold 3,103 single family homes this is an increase of 40.1%. Sure values have dropped…but what an opportunity for the folks that are buying these homes. Other areas within Maricopa County are showing even larger increases in home sales. Our conclusion is this increase would not be happening if the bying public didn’t think these homes have become a bargain. So weather you are a property investor or not, you might want to get on the move.  We all know that market trends, reactions to them do happen qickly and you don’t want to be the “would of, could of, should of bought that Phoenix Investment Property” person…

Report prepared by: Doug Hynes of RealVisionInvestor.com

RealVision Group

Doug Hynes 602-686-0456

doug@realvisioninvestor.com

Are you looking for advice on owning Arizona Investment Property? Phoenix Investment Property will be continually updating this blog, offering investors current Phoenix market conditions, credible insight and coaching  to help build and manage their residential investment portfolios and increase positive cash flow.

Here, on Phoenix Investment Property you will find information on:

• Arizona, Scottsdale, and Phoenix Investment Property
• Arizona, Scottsdale, and Phoenix Real Estate Investments
• Updated Arizona Market Forecasts and analysis
• Arizona Hot Spots that show increased profit potential

Please check back soon as we are in the process of growing our site…

Thank you for your time,

Phoenix Investment Property

602-762-3636

2648 E. Cinnabar Ave

Phoenix, AZ 85028