Unemployment has been steadily on the rise for the past several months and just hit 4.3% recently which is the highest it's been in a couple years.

At that point you will hit the max # of rentals your Home and Auto policy can handle. 

The property just hit the MLS 2 days ago.

That should abate in the next 12-18 months, and as new units stop hitting the market at their current pace, Phoenix may see solid growth, especially as the market seems to have solid inbound demand fundamentals, good jobs, tech presence, etc.

If you poke around you will see many of the same folks hitting the same posts in waves. 

vast majority of those type of properties never hit MLS .. 

@Shane Lafleur hit on a really good point @Rahel Ketema.

Kind of a hit piece.

I did mention owner financing but other than the big sales tax hit I didn't know quite how to sell that idea to her.

In 2008 this was one of the areas to get hit the hardest.