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If you’ve been waiting for better deals to return to the Phoenix housing market — your moment may finally be here.

Foreclosures (a.k.a. REOs or bank-owned homes) are back in measurable supply across Maricopa County, offering potential opportunities for investors, bargain hunters, and even owner-occupants willing to do a little work.

📊 What’s Happening Now?

• Foreclosure inventory is up — the highest we’ve seen in years.
• Many are discounted below market, especially those needing cosmetic or structural repair.
• Not all are fixers — a surprising number are move-in ready.

🔍 Why the Spike?

While this isn’t 2008 all over again, a few factors are fueling the increase:

• Rising mortgage rates pressuring adjustable-rate borrowers
• Inflation fatigue and household debt
• Investors unloading poorly performing rentals, especially short-term or Airbnb-style properties

💡 Who Should Be Paying Attention?

• Cash buyers looking to stretch capital
• Buy-and-hold investors chasing equity
• Owner-occupants willing to put in elbow grease for below-market pricing

🔗 See All Maricopa County Foreclosure Properties Here

These don’t always show up first on Zillow — and some require an agent to access. If you want help reviewing comps, making offers, or figuring out what’s worth pursuing, I’m happy to help.

Need help spotting the best deals?
Reply or call/text anytime — I’ll send a custom list filtered by zip code, city, or school district.

Brent Hammonds — Associate Broker / REALTOR®
HomeSmart Real Estate
📞 602-717-3219
📧 azbrokerbrent@gmail.com
🌐 phoenixmlshomes.com
📝 azbrokerbrent.blog
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