Mortgage And Real Estate News

Saturday, September 28, 2013

Builders, buyers head for affordable suburbs


Homebuilders and buyers face a shortage of lots in metro Phoenix’s most popular developments. The lack of available homesites is one reason the region’s new-home market is recovering more slowly than expected.

Mesa and Gilbert in the southeast Valley are now drawing the most buyers. But the southwest Valley is growing in popularity, particularly because new houses are less expensive there.

Read more...Builders, buyers head for affordable suburbs

Reuters: Business News

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