More Affordable Homes In Arizona

Investor purchases are dropping along with the number of inexpensive in Arizona homes for sale.

Some of those people still buying homes, some have shifted to short sales, which are recorded as regular sales and fetch higher prices than foreclosure homes, The number of actual investors in Arizona  is always higher than the number tallied on real estate data.

During the height of the Valley foreclosures sales boom in April 2009, more than 60 percent of all home purchases were made by investors, according to realty industry estimates. Then, there were 8,156 home sales in the region, and the overall median price was $126,000. More home buyers are looking to buy affordable homes, so they can  sell it on a higher price. The fact that the cheapest homes are quickly bought.

One thing to remember is that rates are at all time lows, once they head higher that will not be good for the market either as people will have to pay more for interest and can’t afford as much house, for more real estate news in  arizona go to Arizona Homes For Sale.

 

One Response to “More Affordable Homes In Arizona”

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