Inventory remains low, but consumers have held down pricing anticipating a large release of properties by banks. We do not see that coming and pricing has risen the first quarter of 2012. Anticipate prices will continue to increase.. Very strong rental market and a great time for investors to jump in.
Approximate Location Boundaries: Tempe
Location Characteristics: Home of Arizona State University, Tempe is perhaps has the highest ratio of rental homes in the metro area. Many parents of out of state students have chosen to buy condos for use by their student child while attending the university. Tempe residents tend to have a very high aptitude for technology and enjoy the unique life style of living among the nations largest university. Downtown Mill Avenue and the Tempe Town Lake are but a few of it's dominating attractions.
