Phoenix real estate investments

For the past 30 years, the median price of existing homes has increased an average of more than 6 percent every year, and home values nearly double every 10 years.

Home prices typically beat inflation by three percentage points.

If the national median home price is about $217,000, a 1.9 percent decrease would make it worth about $212,877, on a national scale. That's $4,123, or about the same annual hit you just took on your SUV.

If you've owned your home for only a year, you've got reason to be upset. But if you've owned your home for 10 years, as most buyers do, you've accumulated $108,500 in capital gains, which are non-taxable under $250,000 thanks in large part to NAR lobbyists. Take away the 4,123, and you're still $104,377 ahead!

So if your Chevy Tahoe doesn't have your panties in a twist, housing shouldn't either. Especially when it's expected to go up 3.1 percent in 2009, which I guarantee, your SUV won't do.

Today's Phoenix real estate market offers many opportunities to investors looking for good buys. It's a "buyers Market" and I think it will remain so until early 2009. There after, we expect to return to the days of 5 to 8% appreciation per year we experienced from the early 90's to 2004. The sharp escalation of prices in part of 2004, and 2005 are behind us but the huge increase in population, (80,000 to 100,000 per year in the Phoenix area continues unabated. For those of you who are long term investors, now is a great time to select properties for your portfolio at a good price. Phoenix Homes by David will assist you in the selection of properties, provide property management to protect the properties value, and get the maximum return on your investment for you. We have lots of prior experience in assisting investors locate, and purchase single family homes, or commercial projects.