Phoenix is among the most active housing and property markets in the United States. Being the capital city of Arizona, a state covered by a large land area of desert, it is not surprising that most residential and commercial centers in the state are concentrated in Phoenix. Thus, the city will always be a good place to invest in properties, specifically homes. However, new home and constructions are not always affordable and luring.
Phoenix is accounting for more than 75% of Arizona's outstanding residential market. In 2007 to 2008, the city's foreclosure filings grew robustly at 70%. Many homeowners with foreclosed homes have been forced to rent. Thus, many home investors find opportunities to buy homes and lease the houses out for rent. Some homebuyers are relocating to Phoenix due to the many business and job opportunities. (Unemployment rate in the city remains low and growth rate of jobs within the private sector is still active.)
There are just too many business and job opportunities in Phoenix despite the ongoing national and global financial crisis. As always, when there is a crisis, there are always rooms for opportunities. Phoenix foreclosures for sale facilitate for potential opportunities in the city.
If you are homebuyer, first time or not, you could find Phoenix foreclosures for sale at very reasonable and cheap prices. Such houses are almost always sold at prices that are about 20% to 50% off the actual home market value. You could buy and own a home for you and your family at strategic locations within the city.
If you are entrepreneurial and are into home investing, you could readily buy Phoenix foreclosures for sale for the purpose of reselling the unit at higher prices in the middle to long term. Because the rental market is gaining pace in Phoenix, you can also opt to lease the home. There are many families and individuals who are wiling to rent your acquired foreclosed homes at lucrative rates.
Phoenix is accounting for more than 75% of Arizona's outstanding residential market. In 2007 to 2008, the city's foreclosure filings grew robustly at 70%. Many homeowners with foreclosed homes have been forced to rent. Thus, many home investors find opportunities to buy homes and lease the houses out for rent. Some homebuyers are relocating to Phoenix due to the many business and job opportunities. (Unemployment rate in the city remains low and growth rate of jobs within the private sector is still active.)
There are just too many business and job opportunities in Phoenix despite the ongoing national and global financial crisis. As always, when there is a crisis, there are always rooms for opportunities. Phoenix foreclosures for sale facilitate for potential opportunities in the city.
If you are homebuyer, first time or not, you could find Phoenix foreclosures for sale at very reasonable and cheap prices. Such houses are almost always sold at prices that are about 20% to 50% off the actual home market value. You could buy and own a home for you and your family at strategic locations within the city.
If you are entrepreneurial and are into home investing, you could readily buy Phoenix foreclosures for sale for the purpose of reselling the unit at higher prices in the middle to long term. Because the rental market is gaining pace in Phoenix, you can also opt to lease the home. There are many families and individuals who are wiling to rent your acquired foreclosed homes at lucrative rates.