PHOENIX REAL ESTATE MARKET HEATING UP 2017 UPDATE

By
Real Estate Agent with RentVest SA535849000

PHOENIX REAL ESTATE MARKET HEATING UP 2017 UPDATE

 

 

 

The Phoenix Real Estate market is heating up in 2017. We are definitely in a sellers market with low inventory and high demand for homes. The mortgage interest rates are still low enough to make people get out shopping for homes. Also, the people who lost their home in the crash are back into the real estate market.

 

The interesting point is we are not selling homes compared in 2016. Again, the inventory is very low at this time. We are seeing more and more real estate investors flipping homes because there is a demand for homes that are move in ready. The only catch is the seller would need to hold onto the property for six months when selling to a FHA buyer. This delays the real estate investor in doing another home. However, at times it is worth the wait when it comes to the profit on the home.

 

There are some sellers pulling equity from their current home to upgrade to another home. Then, they hire Phoenix Property Management company to manage the home as they step up in home. This is a smart strategy to start building their real estate portfolio. I know some people that have moved every two years so they can build their real estate portfolio.

 

Overall, it is a great time to be in the Phoenix Real Estate Market in 2017.

Posted by

Make the Call, Set the Plan, Do the Deal$!

Feel free to listen to my Radio Show to learn more about the phoenix real estate market, new trends, and the latest opportunities.  The Real Estate and Beyond Radio Show Airs every Saturday from Noon-2:00pm on Conservative Newstalk KKNT 960am in Phoenix, Arizona.  You can listent to past shows, or stream on-line.

 

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Comments (4)

Roy Kelley
Realty Group Referrals - Gaithersburg, MD

Families on the move will appreciate your local real estate market reports.

Mar 22, 2017 07:21 AM
Harry F. D'Elia III
RentVest - Phoenix, AZ
Investor , Mentor, GRI, Radio, CIPS, REOs, ABR

Roy Kelley here to serve buyers and sellers

Mar 22, 2017 07:28 AM
Lou Ludwig
Ludwig & Associates - Boca Raton, FL
Designations Earned CRB, CRS, CIPS, GRI, SRES, TRC

Harry

Phoenix Arizona will have a very real estate market in 2017.

Good luck and success.

Lou Ludwig

Mar 22, 2017 07:14 PM
Harry F. D'Elia III
RentVest - Phoenix, AZ
Investor , Mentor, GRI, Radio, CIPS, REOs, ABR

Lou Ludwig thank for the confirmation today

Mar 26, 2017 06:33 AM

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