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Phoenix Real Estate and Homes for Sale | Jonathan Dalton, Realty ONE Group – (602) 502-9693

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Analysis

Two Year Window on Phoenix Real Estate Already Here

Interesting article from Bloomberg News yesterday about the state of the housing market. Blackstone Group, for those don’t know, has been heavily involved in purchasing bank owned and foreclosed homes, investing $1.5 billion this year. “Prices are starting to move faster,” said Jonathan Gray, global head of real estate for Blackstone, which has invested about $1.5 billion this year in foreclosed homes. “That’s one of the risks that emerge as more people like us get into the space and as individual homeowner confidence grows. Frankly, buying a home today is pretty compelling.” The opportunity for funds to buy homes at […]