New statistical data shows Phoenix home prices have gone down by 50%, and have reached the pricing they were at in 1999.
Coupled with information from ASU saying that most of the inventory being bought is under $200,000, and construction is down, NOW is the time to buy SFR's and condos!
In my opinion, for any of you looking to start investing and starting to want to create residual income, my suggestion is, start to look into seller financing if you can't get loans to have the financing in your name, and begin to hit this portion of the market hard.
We already are seeing anything under $100K go very very quickly, and if you ever needed a stronger sign of when to start purchasing homes at rock bottom prices to add to your rental portfolio-----HERE'S YOUR SIGN!
ActiveRain Corp. is not responsible for the accuracy of the site's content (which is written by members of the ActiveRain Real Estate Network) and does not endorse the views of the real estate agents, mortgage brokers, and others listed here.
Powered by the ActiveRain Real Estate Network
© 2009 ActiveRain Corp. All Rights Reserved
