November 5, 2024 12:54 pm
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Phoenix no longer a top market for investor purchases

industry-without-investingBy Catherine Reagor, The Republic | azcentral.com

Metro Phoenix no longer ranks as a top market for investors looking for inexpensive houses to turn into rentals.

The number of investors buying houses in the Valley has been falling steadily since 2012, when prices began to soar and foreclosures plummeted. In March, about 17 percent of all home sales were investor-driven, according to Arizona State University’s W.P. Carey School of Business. That’s less than half the number of investor purchases during 2011, at the bottom of the housing crash.

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Rose Law Group Reporter, which provides Dealmaker’s content and service, is contracted by Rose Law Group. Rose Law Group is a full service real estate and business Law Firm practicing in the areas of land use/entitlements, real estate transactions, real estate due diligence/project management, special districts, tax law, water law, business litigation, corporate formation, intellectual property, asset protection, data breach/privacy law, ADA compliance, estate planning, family law, cyber-law, online reputation and defamation, lobbying, energy and renewable energy, tax credits/financing, employment law, Native American law, equine law, DUIs, and medical marijuana, among others. The views expressed above are not necessarily those of Rose Law Group pc or its associates and are in no way legal advice. This blog should be used for informational purposes only. It does not create an attorney-client relationship with any reader and should not be construed as legal advice. If you need legal advice, please contact an attorney in your community who can assess the specifics of your situation.