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Wednesday, July 22, 2009

Phoenix Foreclosure Sweet Spot

According to MSN, Phoenix is still one of the top three leading destinations, regardless of all the marketplace grumbling. Read the article: http://realestate.msn.com/article.aspx?cp-documentid=19873357&gt1=35000

In spite of all the stress in the economy, people on the move are still coming to Phoenix. This steady growth in population over time is fueling our recovery and contributing to the rapidly shrinking inventory of homes for sale.

While many other cities in the country are still affecting the headlines and promoting a national sense of crisis in real estate, Phoenix is well on its way to a stable market with healthy sustainable growth.

Many of these families flowing into Phoenix are coming from areas of the country where unemployment is high and opportunities tight. The demand for great rental properties is growing fast.

We are working daily with increasingly savvy investors who know the sweet spot in Phoenix is homes for middle-upper middle income families, NOT the cheapest home in the most distressed neighborhood.

Interested in learning more? Read our blog article on "Getting a great deal on an Arizona foreclosure" or yesterday's press release on major pitfalls during today's foreclosure buying frenzy.

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