Have you seen the news about the growth in Chandler Arizona lately. We have provided a recent report on the Economic Development and Growth for Chandler. What is Economic Growth? " Promotes the city as a preferred location for new and expanding businesses. The primary purpose is to enhance employment opportunities and improve Chandler's tax base by focusing on industrial, office, retail, revitalization and tourism development." Chandler's affluent community and strong population growth rank 2nd in Income Buying Power. The average estimated household income is $83,719 annually. Please take a look at the file below with the full report showing how much expected growth is about to take place in the beautiful city of Chandler Arizona.
Recently in the U.S. News, in the “Money” or “Personal Finance” Section there was a great article about real estate investing in 2015. The title of the article is “Flip or Hold: Best Real Estate Moves for 2015”. In the article it talks about the expected positive growth for residential sales in 2015. For the investor it talks about the comparison between buying homes to fix and sell quickly as a flip for profits vs buying homes and renting them out as a long term investment.
RealtyTrac’s Daren Blomquist believes that 2015 will be better for the “buy and hold” investor. According to realtytrac the volume of properties being flipped declined dramatically, down from their most recent peak of 8.8% of all single family home sales in the second quarter of 2012 to just 4% of all homes sales in the third quarter of 2014. Even though the number of homes sold has decreased , flippers have averaged a 30% return on their investments since 2012. Basically what this means is the deals are getting harder to find, but they are still out there.
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Recently we have been gearing a lot of our marketing and housing data on the Millennials also know as Generation Y. The reason being we too are Millennials, we feel we can relate to our clients and help them when looking for a new home in the Chandler Arizona community. Most millennial home "shoppers" buyers have never owned a home, this will be their first major purchase. A big step from the first car. Many would think that due to never being a home owner one would seek to purchase a low maintenance property like a condo or a townhouse. We recently came across an article on "The Wall Street Journal" real estate section titled (click to view the article) " Generation Y Prefers Suburban Home Over City Condo"
In the article when asked where they would prefer to live, most millennials answered in the suburbs. In fact 66% answered they preferred to live in a single family home rather than a condo or townhouse. The privacy, size and low HOA fees have become more appealing and affordable with the stable growth in the job markets.
The preferences of Millennials are important to nearly every U.S. industry because of their size, which is estimated at between 70 and 80 million.
Not since the baby boomers, a generation that counts roughly 76 million people, has there been such a big population bulge.
For home builders, the survey results carry particular importance.
“The preference for the suburbs suggests that future demand will be in the form of single-family homes rather than condominiums more prevalent in cities,” said David Berson, chief economist with Nationwide Insurance Co. “That’s also good news for future suburban single-family sellers, many of whom are baby boomers.”
Local Area Experts Helping Chandler Home Buyers & Home Sellers