Arizona Single Family Real Estate
The Frenzy in the Suburbs
It appears that low housing prices, brought about by the waves of recent foreclosures, is causing many to look again at real estate as an investment. Not only that, but as some expected, many first time home buyers are actually jumping on the opportunity to buy.
Here are three articles that are worth reading. The articles are from the New York Times, the LA Times and the Arizona Republic:
Since we are “Urban” folks, we only venture out to the ‘burbs if it is an absolute necessity! After reading the aforementioned articles, we thought it was important enough to spend the weekend looking at properties in Buckeye, Goodyear, and Queen Creek. We can confirm that the articles attached have it right. For the real estate investor who is looking to buy rental property, we saw 4 bedroom homes built after 2006 for under $100,000! The same home would typically rent for around $1,000 per month. Depending upon the down payment, these appear to be great cash flow properties!
If you have interest in hearing more about real estate as investment, in the city or in the suburbs-- contact us!
Tom Tokoph | 602.549.9000
Designated Broker | Urban Realty & Development
Tuesday, May 26, 2009
