The Matrix Investor Network is going to echo realtor.com, the Phoenix Business Journal and the Arizona Republic by saying that the Phoenix, Arizona Housing Market is going to be the strongest in the country for 2017. The Valley of the Sun’s consistent growth in sales, price increases, better new home market and much less foreclosures makes it one of the healthiest real estate markets in the United States. The Matrix predicts that home prices are still well below what they could be later in 2017 and so now is the perfect time to get into the Phoenix Real Estate Investing Marketplace. The current situation is what a successful Phoenix real estate investing plan is formed around.
The Phoenix housing market is now seeing home buyers and home sellers cease waiting and act while they can. Some sellers, have felt “trapped” in their houses because the 2006 housing bubble and crash in the market wiped out any equity they had in their homes. Currently, most of the Phoenix housing market is back to pre-recession prices or above enabling sellers to act without “losing” money. This could be the return of a balanced market; where buyers and sellers are able to actually buy and sell.
For many current home buyers, the time seems “right” because jobs are rebounding, with interest rates still near historic lows, and monthly mortgage payments can be lower than the rising rental prices. According to the Matrix, while post-election interest rates are likely to continue to rise, this rise in interest rates signals buyers to purchase sooner rather than later.
Aiding the Phoenix housing market comeback is the decline in foreclosures. Banks seemed to have worked through all the foreclosures and returned the foreclosed homes to the market where investors purchased them. The investors then filled those newly purchased homes with renters and created business models around them that provided housing for the neighborhood.
Matrix CEO, Daniel Scott, says that all of the above points to a healthy Phoenix real estate market coming back and, because the area is still experiencing tremendous population growth, makes Phoenix an attractive property investment area. “I tell everybody that Phoenix real estate investing is ready for another *boom* time”. What they need is a Phoenix real estate investing guide”, says Mr. Scott.
With the real estate bubble, and previous over-construction, now digested, Phoenix Arizona is now again a the #1 real estate growth in the country. Being the #1 real estate growth area poses many opportunities for investors to make money. What is needed is concise Phoenix real estate investing information for the lay person to utilize to their advantage. The Matrix is there to help investors with Phoenix real estate investing training and mentoring.