Phoenix, AZ (PRWEB) December 02, 2012
Following an article that appeared in KTAR Voice of Arizona's news feed, Desert Property Investor came to the conclusion that Arizona vacation rental homes are currently in high supply, with rates that remain stable, and eminently affordable. Desert Property Investor reached its decision after reading comments in the article from Donovan Reese with Renters' Warehouse in Phoenix, and Valley economist Jim Rounds, neither of whom are strangers to dispensing investing tips. They both insisted that there are plenty of furnished condos available for long term rental, and that rental homes remain plentiful, both single-family and multifamily. Desert Property Investor further surmised that many of these properties were previous foreclosures, placed on the market currently as rentals, and not homes for sale.
A report based on statistics from rental service agencies in Arizona showed that while home prices continue to rise, rental costs remain stable, with supply plentiful -- somewhat of an anomaly in a volatile market, and likely based on previous foreclosures turned into rentals.
An anomaly is a deviation from the norm; an abnormal or irregular outcome.
Desert Property Investor endorsed a recent report showing the availabilty of Arizona rental properties to be abundant currently, with rates remaining stable against a backdrop of soaring home values region-wide. Desert Property Investor concluded that this situaton bodes well, especially for those real estate marketers plying the vacation and tourism trades.
About Desert Property Investor:
Desert Property Investor evaluates opportunities, pitfalls, services, and legislation related to the investment in residential property in the California, Arizona and Nevada deserts.