Arizona Foreclosures Spike

Arizona Foreclosures Spike

Did you turn on the tv or radio this morning or open the paper and find all the articles about Phoenix Arizona's foreclosures increase 100%? 

List of Phoenix Foreclosures

What does this mean for you?

Now is probably the best time to buy in Arizona since before the economic crash. The increase in foreclosures doesn't change that fact. Interest rates are low, lenders are getting their regulations ironed out, if you had a foreclosure before, your time to come back to the market is coming back. 

One of the topic realtors debate about is investors impact on the market: With the rental demand being so high, investors would be reluctant to sell. Will there be enough homes available under $200,000 to sell to buyers? If foreclosures are up, it just means more inventory for you recovering and new home buyers to get out of your rental situations. 

Its going to be an exciting year in real estate! 

Please feel free to call or text me if you have any questions. I will gladly help you find your new home! 

The LUXRE Group Keller Williams Headshot
Phone: 480-882-1234
Dated: February 12th 2015
Views: 445
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2077 E. Warner Rd #110
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