The Phoenix metro area is making headlines again, this time as one of the country’s ten best areas to invest in rental properties.  This is great news for people that didn’t realize it already, because it could potentially lead to investors scooping up all the foreclosures that hit the market every day.

As the media has shown, the areas that have been hit the hardest through this foreclosure crisis, are amongst the top of the list.  This would include Las Vegas, Florida – Orlando, Ft. Lauderdale, and Tampa, and of course, Phoenix.  Spots in Michigan and California also made the list.

What Phoenix brings to the table is the stability of the rental prices.  The other factors giving Phoenix a leg up are that, according to the article, ” Jobs are growing again after a very deep recession, home prices dropped 40 percent since 2006, with rents decreasing just 8 percent and population growth since 2006 is a strong 8 percent.”

All of these factors should entice investors who are not currently purchasing in the Phoenix market to start exploring the rental market here in the valley.  This could also spurn another investment boom, such as the one that happened in 2004-2005.  The difference in this investment boom, is that there is so much inventory on the market, it’s not going to create an appreciation craze like it did a few years ago.

Investors – it’s time to get back in the game.  Our Green Street Realty Investment division can help you seek out these properties.  Let’s get at it!

http://www.bizjournals.com/phoenix/news/2011/07/12/phoenix-among-10-best-places-to-buy.html