Investors are zeroing in on the distressed housing market in Arizona. According to the research firm MDA DataQuick, nearly 4 out of every 10 homes sold in the Phoenix area in April were snatched up by absentee buyers, which typically constitute investors or vacation property purchases. Based on the company’s market data, that homebuyer segment is up 50 percent from late 2007, and is nearly equal to the investor ratio during the 2005 peak.
According to a Phoenix-based real estate investment firm, now is the perfect time to invest in residential real estate. The firm says that the return can range from double- to triple-digits, depending on risk tolerance.
-As discussed by Carrie Bay on 06.22.09