May 5, 2024 5:50 am
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Builders, buyers head for affordable suburbs

EstrellaBy Catherine Reagor | The Arizona Republic

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.

Estrella in south Goodyear is expanding by opening up an additional 620 acres. Newland, the community’s owner, is selling a total of 700 lots to several big builders, including T.W. Lewis by David Weekley Homes, William Ryan Homes and Shea Homes.

Continued:

If you’d like to discuss real estate matters, contact Rose Law Group founder Jordan Rose, jrose@roselawgroup.com

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Rose Law Group Reporter, which provides Dealmaker’s content and service, is contracted by Rose Law Group. Rose Law Group is a full service real estate and business Law Firm practicing in the areas of land use/entitlements, real estate transactions, real estate due diligence/project management, special districts, tax law, water law, business litigation, corporate formation, intellectual property, asset protection, data breach/privacy law, ADA compliance, estate planning, family law, cyber-law, online reputation and defamation, lobbying, energy and renewable energy, tax credits/financing, employment law, Native American law, equine law, DUIs, and medical marijuana, among others. The views expressed above are not necessarily those of Rose Law Group pc or its associates and are in no way legal advice. This blog should be used for informational purposes only. It does not create an attorney-client relationship with any reader and should not be construed as legal advice. If you need legal advice, please contact an attorney in your community who can assess the specifics of your situation.