Phoenix Area Foreclosures Latest

According to Zillow, there are roughly 3,000 homes which are foreclosed or in pre-foreclosure. This high number, caused by years of financial hardship across markets and specifically in Arizona’s real estate market, give potential buyers a lot of options and a lot of power. Banks need buyers, and that can only work in the favor of future homeowners.

Is There Really A Rental Property Boom? If So, Where Is It?

These days it’s pretty common to see articles with headlines that refer to “the hot rental market“, “rental property boom” and “soaring rental rates”. And I’m thinking “oh really?” Frankly, in my market, metro Atlanta, GA the only boom I am seeing is the number of investors from all over the world attempting to buy

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400 Phoenix Foreclosures Hit the Block This Month

In news from Phoenix’s beleaguered real estate market some 400 foreclosures will go on the auction block February 12th and 13th. According to the S&P/Case Shiller Home Price Indices, Phoenix home prices have been chopped down by more than half, 53.9 percent since 2006’s peak, in fact. This auction will take place both days at 1:00 p.m. at the Pointe Hilton Squaw Peak Resort.

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