Hi Friends!
This is your Hard Money Lender in Tucson and the Southern Arizona area, Billy A. My friend Greg Burger, C.E.O. of Home Builders Marketing, Inc. forwarded this to me from an issue of *The Monday Morning Report which I feel is worth sharing:
*The Monday Morning Report – By RL Brown Reports/Home Builders Marketing, Inc.
At midweek last week we spent some time looking at the investor real estate sales data in our database so that we could lend our Phoenix Housing Market Letter subscribers some additional insight into the drivers in this current housing market.
Much has been written about the investor phenomenon and its impact on both the inventory stock in our market and on prices in the market. Of course, these writings are an attempt to understand and forecast what we should anticipate in the months and years ahead. Some see dangers in the “investor invasion” of the marketplace while others claim benefits for the market by the investor interest. Both points of view have some valid arguments to support their positions.
In September’s resale data we counted 1,412 sales of pre-owned homes to buyers using LLCs, partnerships, or trusts, many of these entities with multiple acquisitions in the same month. That’s just in September.
The most active group closed on over 300 homes just in September. These homes averaged just over $100,000 in sales price. Over 780 apparent investor entities were involved in acquisitions in September.
For the rest of this story pick up a copy of our November issue of The Phoenix Housing Market Letter, available on the 18th. We will look at where these investor groups came from, where the homes that they purchased were, and what prices and square footage were involved. If you aren’t already a subscriber, you can purchase your subscription to The Phoenix Housing Market Letter on line at www.rlbrownreports.com
It’s obvious that the real estate investor story is having a major impact on the metro Phoenix housing market today and will for years to come. The business opportunities that have and are being created for contractors and suppliers, property managers, and Realtors and others are huge. In addition, the impacts of these buys on the new and resale housing market are significant.
Periodically we look at where buyers of new homes in the region are from …. and as most local housing pros know, Arizona and Phoenix have long been attractive to new home buyers from certain parts of the nation more so than others.
Also in the next edition of our Phoenix Housing Market Letter we track the origins of the most recent new home buyers, and then compare those origins for a handful of our largest homebuilders. We anticipate some fascinating results and some insights into the effectiveness of the major homebuilder’s national marketing efforts. Don’t miss it.
In addition, subscribers also will get the latest month’s authoritative new and resale permit and closings, builder rankings, community rankings, and more as well as inside our view of the marketplace.
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That’s it for this time! Make it another great day!
Your Hard Money Lender in Tucson and Southern Arizona,
Billy A
P.S. I want to be your favorite Hard Money Lender in Tucson and Southern Arizona, so please don’t keep me a secret! If you, your friends or family need help with funding, I’d be happy to give them free information without any obligation. Please give me a call at:
(520) 299-4878!
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