Scottsdale, AZ (PRWEB) December 04, 2012
Relying on data disseminated in Bloomberg online, Desert Property Investor concluded that among real estate investment opportunities in Arizona, the single family rental market should remain a "best bet," well into the future.
Desert Property Investor reached its decision after reading in the Bloomberg Report that private equity group Blackstone Group is currently spending 100 million per week on single family properties, -- many of which are Arizona vacation rental homes. The properties, according to analysts at the Scottsdale conference, haven't come close to hitting their peak value yet. Further, Desert Property Investor concluded, supply should not be a problem: Many of the single family homes that previously arrived on the market via foreclosure are now the product of short sales.
Bloomberg has reported that based upon analysts' comments at a recent conference in Scottsdale, the single family home rental market remains strong, with long term growth prospects, attracting institutional investors as well as private capitalization, especially in Sun Belt states, as the housing market continues to recover.
A short sale is when banks allow a property to be sold for an amount less than it's worth.
Desert Property Investor is in agreement with real estate analysts who insist that single family rentals are in good supply, and a smart buy for corporate investors and private developers alike, a situation which bodes extremely well for the Arizona home rental market.
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.