Here's an interesting article that shows the salaries needed to afford the median priced home in certain U.S. cities.
Attention Saguaro Capital Fund Series 2 and Southwest Opportunity Trust (SWOT) Investors:
Please note that investor updates for Saguaro Capital Fund Series 2 and Southwest Opportunity Trust were emailed to investors and advisors today (Friday October 28, 2016). If you are an investor and did not receive the email update, please click here and fill out the "Contact Us" form to confirm or update your email address. Please include your name and which fund you invested in. Thank you.
Letters were mailed to all Saguaro Capital Fund Series 1 investors with important news update. Please watch your mail and call your advisor if you have any questions.
The Phoenix rental market continues to be a good place to be a landlord as rents continue to rise. Here is a news article from ABC 15 Arizona discussing some recent data:
More jobs, low number of vacancies credited for Valley rental price growth
If your rent has remained unchanged in recent months, consider yourself lucky. According to market research firm Axiometrics, average Phoenix-area effective apartment rents increased in June, marking a six-month consecutive climb.
ATTENTION INVESTORS IN SAGUARO CAPITAL FUND SERIES 1 & 2:
Capstone Real Estate is pleased to announce the semi-annual interest distributions for Saguaro Capital Fund Series 1 and 2 will be sent over the next week.
For those investors who invested Registered funds, the interest will be deposited directly into your Registered investment account and you will receive your statement via email. For those investors who invested Non-Registered funds, your interest cheque and statement will be mailed.
We will be emailing an update this Friday May 27th to investors in Saguaro Capital Fund Series 1 & 2. Investors in the Southwest Opportunity Trust will receive an update the following week.
ATTENTION INVESTORS: Capstone Real Estate is pleased to announce that the semi-annual interest distributions for all 3 of our Phoenix Real Estate funds are being processed this week. The 3 funds include:
Economists Elliott Pollack and Lee McPheters recently spoke at the 52nd ASU/JPMorgan Forecast Luncheon in Phoenix. The following article from The Republic | azcentral.com outlines their 2016 Arizona economic outlook.
HOUSING WILL BE BACK AS FORCE FOR GROWTH IN 2016, ECONOMISTS SAY
We came across the an good article posted on www.azcentral.com which outlines the rising home values and sales numbers in the Phoenix area. The article highlights include:
- Shrinking number of homes available below $300,000 drives increase in prices; sales soar by 19 percent
- Boomerang and first-time buyers are driving increases in metro Phoenix home sales and prices
- Home building is up 46 percent in the Valley
- Metro Phoenix's median home price has climbed to $225,000
See below to read the full article.