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Always said that the best investment as a single family home in a good neighborhood at least I've been -- -- the last few years have been wrong on occasion but that's sort of -- Now Barron's.
Says that home prices are headed up 7%.
Through the year 2015.
Don't of the company from Phoenix is real estate agent -- Mateo with team investments.
What -- -- Up 7%.
On the convey a nationwide basis to get location a nationwide basis by 2050.
What -- -- I think that you're really get at educating your viewers and what we need today help them understand.
Is that there is no national real estate market.
So we need to be careful how we're looking at these numbers nationally.
We need to look at markets individually.
And if you're in the home buying process right now.
There's two different home buyers there's a home buyer that's buying their personal family home and their criteria looking at a home is totally different.
That an investor so there is no national real estate markets all these numbers that we're seeing saying national numbers are up 4% -- numbers are 7%.
You really need to look at your individual market -- you're buying a personal family home and -- an investor you need to look and really analyze the market and understand.
What's going on with your investment.
Net your in Phoenix you've been on this program the last couple of years you've been reporting to us on what's going on in Phoenix as -- coal.
Phoenix prices of balanced 12%.
I believe that's in the last -- last twelve months on things you on yeah up 12%.
A wanted -- who is doing the buying is it investors -- people gonna live in those houses.
And which sector of the Phoenix market luxury middle low and which section is doing best got.
You share so investors are buying still under 150000.
Dollars as rentals and trading great catch -- That is the number one thing that is living in Arizona.
We are just starting to see the high end market.
Come down and people are buying have lit there so any kind of flip it's being done in -- -- it really is high high and let.
And people are buying there as well.
That middle market is your personal family home buyer the people that are coming in to live work -- be have good families living good school districts.
That sector is a personal -- come see you really have a lot going on in Arizona -- -- OK let me get back to the high end stuff you did you say that the prices on just beginning to come down -- -- -- it.
Yes for -- on TV the perfect example -- just patted me call me last Friday.
Two point eight million dollar lot and if you know Arizona it's on the top of Paradise Valley it's on one of the mountains in Paradise Valley.
It's the highest and that place to live in -- -- 450000.
Dollars offered -- -- for so that's how long term hold out that the -- where somebody can come in and pulled up.
-- -- -- money what what are you saying that the 84 with a suit behind and originally priced to walk and now they want you to buy for -- fifty given the numbers again.
Two point eight million dollars if -- lots and no home just a lot 3.5 acres at the top and one of the most exclusive mountains.
And up 450 is what they offered its me.
Two point 82450000.
It's a law passed it's not a whole building up the Trent.
The -- -- -- right it's a different -- though not not a low end clip where we're doing it in thirty days this is a long term -- You try to sell that -- -- up up up -- -- -- I think I know that lot.
You'll -- it got -- are you buy it back I'm considering.
-- If you look at it and I want some -- and a lot of companies that actually.
We're gotten go to my Tony thank you very much indeed a political.
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