Investors Are Buying Up Houses In Arizona, Similar To The Trend That Led To The Great Recession
The Phoenix housing marketing is booming again, but not all of those buying new homes will be new neighbors.
Investors are back in the Phoenix metro area buying up homes, often beating out first-time home-buyers and adding to demand.
These kinds of investors played a huge role during the last housing market crash nearly a decade ago. Now, just this year, investors have bought 14% of the homes for sale.
What does this mean for families looking to buy in Phoenix and for the overall health of our housing market? The Show reached out to Catherine Reagor, the senior real estate reporter for The Arizona Republic, to learn more.