About Us

You can’t do it alone. Let us assist you in building your team and connecting with other real estate investors. Take full advantage of our structured networking session at our monthly meetings to connect with investors and AZREIA Business Associates who may help you to succeed.

Contact Info

1841 N. 24th Street Suite 10 Phoenix, AZ 85008

Phone: 480-990-7092

Fax: 480-990-7017

Cash Nearly a Quarter of all Home Sales

Cash Nearly a Quarter of all Home Sales

The National Association of Realtors recently reported that cash composed 23% of all sales in January.  Of those all-cash buyers, 59% of them were investors, whose buying activity comprised 15% of the cash sales total.  Interestingly, 57% of the all-cash buyers were foreigners.  The data was part of the January 2017 NAR’s Confidence Index Survey Report, a monthly survey about their sales activity and local market conditions.

“Buyers of homes for investment purposes, distressed sales, second homes, and foreign clients are more likely to pay cash than first-time home buyers. As the shares of investment and distressed sales have declined, so has the share of cash sales.”

 

Click here to read the full report at the NAR’s Economist’s Outlook Blog.

March 8th, 2017|Uncategorized|