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Sunday, February 12, 2017

Phoenix Real Estate Investing 2017: What to Look For

Phoenix Real Estate Investing 2017
Phoenix Real Estate Investing 2017
Many wonder what Phoenix real estate investing 2017 will look like. Especially with the rise of interest rates in December, potential investors and home buyers may not know what to expect in the coming year.

While there was a raise in interest rates, economists do not expect rates to get far above 4% on the 40-year fixed rate. Compared to the rates that have existed in the past, 4% is nothing to be worried about. Especially in the Phoenix market that is doing so well, a little rise in rates should not significantly impact investors or consumers.

According to Realtor.com, 2017 is expected to be a big year for the real estate industry in the Phoenix area. Due to the strong demand, prices continue to rise in the Phoenix Valley and homes will continue to be built. With the increased amount of properties, both inside and out of the large urban areas, there are many opportunities for investors to get into the market as the prices continue to go up.
Phoenix Real Estate Investing 2017
Phoenix Real Estate Investing 2017

Phoenix real estate investing 2017 may also offer opportunities for those looking to sell homes. A Redfin report has shown that houses are selling faster than before. Naturally, the less time houses are on the market the better. While this trend may continue into the future, if you’re satisfied with your investment and want to cash out, this year may be the best year yet to do just that.

With millennials being such a strong part of the market in 2017 and Phoenix being one of the strongest markets in the country, 2017 is expected to be a great year whether you want to get into the market or are ready to change up your portfolio a little bit.


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