Recently, investors seemed to have taken a liking to Phoenix, AZ foreclosures. Due to plunging prices, homes in Phoenix are once more being seriously considered by real estate investors.

Should you follow the lead of the real estate investors now? After all, it was rampant speculation on the part of investors that helped create the housing bubble.

Your course of action depends on why you are seeking Phoenix, AZ homes for sale. Will this house be a home for you or are you thinking of buying a home today to resell in the future for profit?

You can find great deals today if what you are seeking is a house for you to live in. There is an abundant supply of foreclosed homes in Phoenix because builders overbuilt during the boom times, and now homes can be bought for less than it cost to build them.

If this house is to be a home and you do not plan on moving anytime soon, and you do not expect to see much appreciation in value anytime soon, it seems to be a great to buy.

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For the person thinking of buying a home for an investment, it is harder to determine if the time is right. It is hard to tell if the price will go up anytime soon.

If you can pay cash for the home, and have sensible expectations on a return on your investment, houses can represent a great investment. It is expected that the home rental market will remain strong for some time to come as all the previous home owners who lost their homes will need a place to live.

But, in the end, it all depends on what your needs and goals are, and only you know the answer to that.

For those seeking foreclosures in Phoenix, Keys2Jackson’s site can be a great help. They will show you how to find and buy a Phoenix, Az home for sale.