Purchase Arizona Real Estate with Oggy Karchev of Realty ONE Group

While there appears to be an excess of Phoenix rental homes currently available to lease, renters will likely find a very challenging rental market in the months ahead as vacancy rates vanish and rents rise due to supply and demand "The Harvard Joint Center for Housing Studies" in its latest report on Americas rental housing. As more people resort to renting because of Foreclosure, Deed in Lieu or Short Sale on their credit, vacancy rates will continue to disappear in the valley, which will cause the prices for Phoenix Rental Homes to slowly rise. Owners and Phoenix investors of investment rental housing stand to profit in the coming months from the tightening rental home market. Phoenix Single-family home foreclosures may help relieve some of the pressure in the rental market, according to the study as there is still a steady flow of Bank Owned and distressed property real estate available for investors in Arizona.

Posted by Angel Karchev Other Account on June 29th, 2011 12:36 PMPost a Comment (0)

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Oggy Karchev
Realty ONE Group
2141 East Broadway Suite 101
Tempe, Arizona 85282
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