This article was originally distributed via PRWeb. PRWeb, WorldNow and this Site make no warranties or representations in connection therewith.
SOURCE: Desert Property Investor
Desert Property Investor this morning kept an eye on reports showing the Phoenix housing sector to be in a state of full recovery, with home values in the area going “through the roof" -- due to high demand and scarce supply: a true sellers' market.
Phoenix, AZ (PRWEB) December 29, 2012
Following a story that appeared on the Fix and Flip website penned by Aaron Schoenberger, Desert Property Investor concluded that houses in the Phoenix area are currently in high demand, and soaring in value-- great news for real estate investors.
Desert Property Investor reached its conclusion by relying on "eye-opening" statistics promulgated by Schoenberg, -- notably, that the price per square foot of Phoenix real estate has shot up an astounding 277% since last year, while the median home sale price is up 41%. Further, Desert Property Investor sees the current short supply of houses as a by-product of heavy corporate investment in the Phoenix housing market, especially Wall Street hedge funds buying up single family dwellings and converting them into Phoenix vacation rentals. Desert Property Investor agrees with Schoenberg, that a "window of opportunity" still exists for buyers in the Phoenix area, yet may be closing, if home prices continue to skyrocket, -- a situation which is a boon to builders and developers, as well.
Desert Property Investor is pleased to support a report that appeared recently on the Fix and Flip website -- showing the housing sector in Phoenix to be in full recovery, on the heels of the Great Recession of 2008. Yet with inventory drying up, and prices going "through the roof" -- the time to buy a house in Phoenix Arizona is now.
About Desert Property Investor:
Desert Property Investor examines residential real estate investment opportunities in the California, Arizona and Nevada deserts-- with an eye on possible pitfalls, current services, and ongoing legislation that may affect the price of housing in these areas.
For the original version on PRWeb visit: http://www.prweb.com/releases/prweb2012/phoenix-housing-market/prweb10279920.htm