Two things historically hold true in terms of investment dollars going around Arizona. In the best of situations, investors go full force on the real estate investment band wagon - lately funding all things from neighborhoods in far-flung towns and cities to eye-catching urban condominiums in down-town Tempe and Phoenix.
In the toughest of times, buyers also move toward real estate, searching for discount buys on foreclosed houses and industrial properties as they bank on people growth to aid Arizona's economic system rebound.
Stan Barnes, CEO of Copper State Consulting in Phoenix and a previous state lawmaker, said people with established money in the Valley still feel more comfortable investing in real estate property advancements - even after market breaks just like the present one - instead of taking chances on startups or business owners.
Most people in California run after new high-tech corporations. Men and women Texas drill for oil. People in Arizona spend money on real estate. That's just the way it is, and likely will be provided that we are the fastest-improving state in the union," stated Barnes, whose firm does political and communications consulting intended for private-sector customers.
In several places in Arizona, specifically the Phoenix Metropolitan, there's a lack of conventional sales. Around 75 percent of the market may contain short sales and foreclosures, restraining the choices of several customers. Arizona Investors looking to flip see excellent opportunity in rehabbing and advertising homes to these buyers, eradicating the wait time of short sales, or the problems bank-owned homes may come with.
Arizona real estate investors are also seeing the chance in holding real estate long term, as both costs have come down and in numerous locations rental rates are rising. We have likely never seen a better time to purchase real estate as we do in 2010, as real estate property cashflow and return on your investment are the best they have been in over a decade.
In the toughest of times, buyers also move toward real estate, searching for discount buys on foreclosed houses and industrial properties as they bank on people growth to aid Arizona's economic system rebound.
Stan Barnes, CEO of Copper State Consulting in Phoenix and a previous state lawmaker, said people with established money in the Valley still feel more comfortable investing in real estate property advancements - even after market breaks just like the present one - instead of taking chances on startups or business owners.
Most people in California run after new high-tech corporations. Men and women Texas drill for oil. People in Arizona spend money on real estate. That's just the way it is, and likely will be provided that we are the fastest-improving state in the union," stated Barnes, whose firm does political and communications consulting intended for private-sector customers.
In several places in Arizona, specifically the Phoenix Metropolitan, there's a lack of conventional sales. Around 75 percent of the market may contain short sales and foreclosures, restraining the choices of several customers. Arizona Investors looking to flip see excellent opportunity in rehabbing and advertising homes to these buyers, eradicating the wait time of short sales, or the problems bank-owned homes may come with.
Arizona real estate investors are also seeing the chance in holding real estate long term, as both costs have come down and in numerous locations rental rates are rising. We have likely never seen a better time to purchase real estate as we do in 2010, as real estate property cashflow and return on your investment are the best they have been in over a decade.
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