There has been a recent rise in home foreclosures over the past several months, resulting in several opportunities for potential buyers to find great bargains on homes they may not otherwise be able to afford. Banks who have repossessed homes from buyers who fail to meet their mortgage typically want to resell the home as quickly as possible, so they don't remain on the market as long as general real estate sales. Glance through our current listings of foreclosed homes for sale in Phoenix, AZ, and move quickly to secure your chance at a fantastic deal on your next home purchase.

http://www.ybuyphoenixrealestate.com/44703-Phoenix-AZ-Foreclosed-RESCity.aspx

Yes, we're experiencing an increase in home sales here in the Phoenix area too.  The phones have been ringing and our websites have increased in activity that we haven't seen in quite some time. Checkout the following article that was released this morning on MSNBC.

http://www.msnbc.msn.com/id/29836196/

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The President, who was in Mesa Arizona, presented the Homeowner Affordability and Stability Plan on Wednesday. The plan is a multi-pronged effort to support the housing market.

The old paradigm for real estate investment was to buy an “extra house” and use it as a rental for 30 years while the tenants paid for your house.  Previously, real estate investment was dominated by institutional investors such as banks, savings and loans, insurance companies, pension funds, and foreign investors that supplied private capital for both equity and mortgage investments. 

Investment

Many people are investors by choice; they believe that real estate is a good investment.  For all practical purposes, most investment real estate transactions fall into the category of passive activity.  One of the biggest challenges in real estate investing is determining the right strategy and getting the right real estate investment information for you and for the market that you are in.  The boomers are already migrating to warmer climates such as Arizona  and that will dramatically effect your real estate investments.  How long will interest rates stay low and how will that effect your investments.  Don’t make any decisions about where, when, or how much to invest without thinking about these five criteria for defining your investment strategy and DO NOT START INVESTING WITHOUT A STRATEGY.

Market

Market stability—reasonable return; historically favorable interest rates relative to inflation; a lack of deflation; legal protections for the investor; the leading economic market with the largest GDP—all support investment in property.  Nobody buys a property without first assuring himself that he is paying no more than market value.  Smart bargain purchasers make sure they are paying at least 20% less than market value and they cannot sell the property before they buy it in order to ascertain the market value.  One of the biggest challenges in real estate investing is determining the right strategy and getting the right real estate investment information for you and for the market that you are in.  There are literally dozens of different techniques being commonly used in today’s real estate market.

People have to understand that a real estate investment was never supposed to be a short term one, especially with closing costs and other expenses that relate to the transaction.  The most significant specific effect of this was that the appetite of households for real estate investment was not impaired and prices continued climbing.  To show that real estate investment was not as risky as other investments, we looked at interest rates charged by banks for various classes of investments.

Click on the link below to read this article.

http://www.msnbc.msn.com/id/19414289/