We came across an interesting post from the Arizona Commerce Authority which compares the demographics and home prices of Phoenix to a variety of Canadian cities. Please note the home prices are in US dollars.
Capstone Real Estate is pleased to announce that the semi-annual interest distributions for all 3 of our Phoenix Real Estate funds have been processed. The 3 funds include:
Limited supply of affordable homes is pushing prices higher. The following a CNBC article outlines the details...
Housing Supply Shrinking In Phoenix
Diana Olick - Thursday, 16 Jul 2015
Here is a great article published on May 12th by the Phoenix Business Journal outlining the Greater Phoenix real estate market conditions.
"Housing starts, home prices and sales were all up in March, according to new data from Arizona State University. But there are some supply issues. Current listings are below last year’s inventory levels and a limited number of homes are available for less than $200,000."
It was interesting to come across this chart that is normally used to describe investor emotions related to stock market investing. It was great to see it used to describe the current status of the Greater Phoenix real estate market.
The Southwest Opportunity Trust continues to execute its business strategy of:
- Buying, Renovating and Selling; and
- Buying and Renting.
The rental market, which is the strategy consisting of approximately two-thirds of the homes within the fund, continues to be very strong. We came across a great rental market article that supports our message from the March 17th Daily Observations published by the Greater Phoenix area real estate market expert, The Cromford Report.
Saguaro Capital Fund Series 1 and 2 remain in a holding, getting paid to wait, pattern as we take advantage of the extremely strong rental market and carefully gauge the resale market which is showing signs of optimism.
For the last few years we have been speaking about the strength of the Phoenix real estate market. We came across a great article that supports our message from the March 17th Daily Observations published by the Greater Phoenix area real estate market expert, The Cromford Report.
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:
Realtor.com's 2015 Housing Forecast expects Phoenix area home sales to increase 11% and has listed Phoenix area in the top 10 markets for housing growth in 2015.
Following years of retrenchment among prospective first-time home buyers and the dampening effect it has had on the recovery of the housing market, first-timers are expected to return to the market in 2015.
According to Arizona State University's W.P. Carey School of Business, Phoenix area monthly rents on houses are up 5.8 percent from last year. "Rental homes remain popular for those who don't want to buy a house or who can't qualify for a home loan," said Mike Orr, director of the Center for Real Estate Theory and Practice at the Carey School. "Fast turnover and low vacancy rates have pushed rents up."
With a large portfolio of cash flow generating rental properties within Capstone's Phoenix real estate funds, this is good news for investors!