Distressed Sales Accounted for 8% of Homes Sold in May By Brad Beckett on August 31, 2016 Data Digging deeper in to May’s sales numbers, Corelogic finds that distressed sales (including REO & short sales) accounted for 8.4% of total home sales nationally in May 2016, down 2.1 percentage points from May 2015 and down [...]
Arizona real estate investors are feeling the squeeze in the Greater Phoenix market. “Distressed” inventory is in shorter supply. Prices for trustee sale properties, bank-owned REOs and wholesale properties are rising. Deals are getting harder to find. Why? Banks are putting the “Squeeze” on! No one has been more critical of the bank’s role in [...]
It has been my experience that foreign investors seem to be very cautious when it comes to investing in Arizona. They seem to go with the times and invest in the “next best thing”. I sometimes ask myself why in the heck anyone would invest in this type of property or that type of property [...]