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RealVision view on the Phoenix Real Estate Market
RealVision Partners continuously evaluate the Phoenix real estate market and after extensive review of past, present and future trends, we feel we have put in place an exceptional plan for Arizona real estate investors.
Through the power of leverage and holding an investment property for 2-5 years, you will potentially realize returns on your initial investment many times over. 'We know this is a bold statement but: the market conditions exist and with our plan we believe it will happen for the investor willing to take this calculated risk.' Click here for more info about our investment strategy and the Greater Phoenix Investment Property Market.
Why are we so confident about the Arizona real estate market?
- The Phoenix metro area has grown at an approximate rate of 100,000 people per year for the last 10 years and even in 2008 Arizona was the second fastest growth state only second to Utah.
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Phoenix is one of the fastest growing cities and metropolitan areas in the United States. Metropolitan Phoenix population is approaching 3.5 million today.
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With a population of 1.4 million, the state capital of Arizona ranks as the nation's fifth largest city.
Why is Phoenix expanding at such impressive numbers? Simple:
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Quality of Life
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Climate
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Economic opportunities
"By the year 2015, the Metro Phoenix area is projected to grow to more than 4.15 million people."
Consider another fact about the future of the Phoenix real estate market..."For every 2.5 people relocating to Arizona, one dwelling unit is needed." This means, "40,000 Phoenix homes needed for every 100,000 people."
These numbers in themselves are remarkable, but if you consider how Phoenix has become a national, as well as an international city of designation, we feel Arizona is a great investment. Even though housing in the Phoenix Metro area has dropped tremendously; it translates into opportunity!
"Yes the economy is down...Yes home values are at record lows...and yes foreclosures, (bank owned) homes are entering the market place at record pace...But, this is only a bump in the road for Metropolitan Phoenix and Arizona."
"Investing in Real Estate is all about timing. Knowing the right time to buy and the right time to sell."
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