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Investors = 45% of home purchases in #Phoenix. This
is well above 2005 bubble peak & on par with 2011 post-GFC distressed buying top. Owner-occupied purchases declining sharply is a concern (green line). pic.twitter.com/vf2wqnABqd— Rick Palacios Jr. (@RickPalaciosJr) June 28, 2022
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