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Phoenix Median Home Price Rose For Sixth Month In A Row | Add Comment

    • More good news! 12/15/2009
    As a REALTOR(R), I would rather see a home purchased than sit vacant. I do worry, however, that too many "investors" are coming in and purchasing homes, vs. owner occupants. While the true investor sees the big picture and invests not only in the property itself, but also in the community, the local schools, businesses, and social programs surrounding their property, the "investor" sees only dollar in/dollar out. These "investors" don't always understand that today's dollar in will not be the only dollar they will EVER put in; and as we've seen too often in the past, when the market fails to return enough on this investment, too many "investors" walk away, which results in a housing recession. Due to the prices rising, we are seeing fewer "investors" and many more owner occupants purchasing these properties. A good mix of the two is what will put us all back on a true road to recovery!

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