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Phoenix Foreclosures no longer driving force in real estate

 
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Ron Wilczek



Joined: 19 Dec 2009
Posts: 111
Location: Phoenix Metropolitan Area

PostPosted: Tue Feb 12, 2013 7:10 pm    Post subject: Phoenix Foreclosures no longer driving force in real estate Reply with quote

Phoenix Foreclosures have been steadily decreasing, as reported in our Housing Tracker since October 2010, and the news seems to ringing loud and clear in the media. Reports of doom and gloom are a faint memory in people's minds as real estate investors have had to reduce their ROI (return on investment) expectations or find other foreclosure ridden towns.



Home owners are the happiest as they see their equity steadily rise and many are even considering selling as values are higher than they have been in almost 4.5 years. See our price per square foot chart at this page: Price per Square Foot in Phoenix Area MLS. Price per SF has risen to $108 in January 2013, up from $85 last January and $81 in January 2011.



Curious about the current foreclosure inventory? Click on the below link:

SEARCH PHOENIX FORECLOSURES

From the AZ Republic:



For the past five years, Phoenix foreclosures have been one of the most important indicators to track metro Phoenix’s housing market. Not anymore.

Both Phoenix foreclosures and Phoenix

more on Phoenix Foreclosures ...



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Source: Phoenix Homes and Foreclosures
Current information on Phoenix homes for sale and Phoenix foreclosures. Market conditions.
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