Who is Buying Residential Properties in Arizona Today?

Great values and affordability are driving the market. In June, I estimate that 45-50% of purchases were made by investors and second home buyers. Investors will rent their investments, and second home buyers now have a winter home. And I estimate around 30-35% of the purchases are by first time homebuyers. They are buying because of affordability and because of the first time homebuyers tax credit of up to $8,000 or ten percent of the purchase price.

Crouchman