David's Real Estate Views
Thank you to all of you who expressed our condolences to me over the recent death of my beloved wife, Jan. I am in the process of adjusting to my life without her. I miss her each and every moment but am now able to do everyday things without tears or a lump in my throat. Thank you all for your support... Everyone's question is how big of a slowdown will the local Real Estate Market experience if the US economy stalls or slips back into recession...so far, there is still equilibrium in the markets and in most market segments the supply of homes is under 4.5 months indicating a very healthy market...as the price range increases the supply of homes on the market and the length of time
necessary to sell increases; signs of a soft market. The Luxury Market is
still suffering, however the price ranges under $300,000 are doing much better with current bias to the upside.
Single Family Rental Homes are leasing quickly lowering the vacancy factor and
rental rates are starting to rise. At the moment, they are very compelling
investment affording cash flow and capital gains potential. An investment
horizon of 5 years or longer should be used.
There still exists challenges to Housing in Phoenix, Arizona; unemployment,
foreclosures, the national economy, and even Immigration. The recovery is not
immune to shocks. However, if the US Economy avoids a "double-dip" or a very
significant slowdown, the Phoenix Market should continue to recover.
Thank you for your support...any referrals you may send are greatly
appreciated in this challenging environment.
Well,summer is here in Phoenix. Daily temperatures of 108 or so and now in July we are getting a lot of rain. This will lead to new weed growth on most properties. Interest rates continue at all time lows. For those of you who are considering purchasing a foreclosure. The prices are right and the interest rates are low. It makes it possible for you to have a rental with no negative cash flow. Opportunity Knocks....... I am available 5 days a week to answer your property management questions and will be happy to give you my opinion on this and that. In the past 38 years of real estate sales and management, I've formed lots of opinions to share. We are in need of customer referances that we place on the web site. We will only use your initials and email address if you permit. We get a lot of requests for references and it would be greatly appreciated if you would send a short email to us that we can use. Phoenix Arizona Property Management
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