Now is a great time to consider investing in Phoenix real estate, while prices are reasonable and property owners are motivated to sell by the current "credit crunch."
Market trends clearly indicate that Phoenix is firmly in a Buyer's market. Foreclosures in the Phoenix Valley metro area are at record numbers, creating a large pool pre-foreclosure ("short-sales") and bank-owned properties that can be obtained for bargain prices.
As one of the fastest growing metropolitan areas in the U.S., Phoenix is an excellent location for the multi-family and commercial investor. With both population and economic growth at record levels, both residental rentals and commercial space are in high demand. The Phoenix population is expected to double by 2020, creating even more demand and profit for owners of income generating properties.
If you're looking for an investment property in the Phoenix area: