Investors = 45% of home purchases in Phoenix.
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 …