According to the National Association of Realtors, percentages are up. Arizona is up 23.5% year over year; the West as a whole was up 18%, and moved higher. Investors accounted for 21% of the home sales countrywide and cash sales accounted for 29%. Foreclosures accounted for 31% of the sales nationwide. This shows a strong push towards investment property purchasing in Arizona and the rest of the country. Low interest rates in August, through mortgages and credit line facilities was also a strong contributor to the numbers.
For additional information on the percentages and numbers mentioned, please refer to this link: http://www.realtor.org/research/research/ehsdata
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