Phoenix big on investment housing, with many renters

Phoenix is among the nation’s top 10 places to buy rental property, according to property investment and real estate firms, and experts say rental property probably will stay red hot until the housing market recovers.

Foreclosures put thousands of people out of their homes and into apartments or condos. They simply had no choice, and the investors and owners cashed in. “Investors we talked to have probably 90 percent occupancy at this point,” said Rick Merritt…

KTAR.com

On October 19th, 2011, posted in: Arizona Market by

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