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Saturday, December 31, 2016

Phoenix Real Estate Investing 2017: A Good or A Bad Year?

Phoenix Real Estate Investing 2017
Phoenix Real Estate Investing 2017
Going into the New Year, people have resolutions from jogging more to putting more money into the market. When considering putting money in the market, a complicated question is which market to invest in. If you are interested in Phoenix real estate investing 2017, you may very well be in good a good year. If you aren’t interested, you may want to be.

Experts are predicting that Phoenix real estate investing 2017 is a great option because not only are markets staying strong, but are getting stronger. In fact, the Phoenix-Mesa-Scottsdale market is stated as the number one market by Realtor.com. Based on predictions, most cities have a very low risk of a housing crash. Partially related is that millennials are just starting to come into home buying years, increasing the market size and demand. A higher demand increases the price of the home, resulting in your home value rising.

Phoenix Real Estate Investing 2017
Phoenix Real Estate Investing 2017

If rental properties are your focus, the positive economic indicators remain a good sign of the strong market and low risk year. Naturally though, the important element of rental homes is being able to find tenants, but with ASU, U of A, and other universities increasing their presence in the Phoenix area, you can rest assured that there will continue to be a demand from college students looking for convenient housing options.

Not only are the numbers extremely positive for Phoenix, but an increase in construction will allow new entrees into real estate investing. Home prices have been high due to low availability of housing options, but as new properties are built the prices will dip slightly before bouncing back up. Based on predictions, this is an excellent time to invest.


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