What caught my eye in this story was that one San Diego Realtor said that 40% of his business was from Arizonans!

There could be some truth to that because a high school buddy of mine (Red and Gray! All the Way!) recently bought a bank-owned property 50 feet from the water (Mission Bay) for a price he couldn’t refuse.

Alexiou said that 40 percent of his clients are investors from Arizona who are paying cash for foreclosed properties.

September 8, 2008 by
 
About The Author

John Wake

Born in Phoenix, trained as an economist and now a licensed Realtor, John uses hard data from the real estate market to help his clients -- buyers and sellers of residential real estate -- uncover their best choices for finding the right home or finding a buyer for their current home.

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