October 25, 2024 11:33 pm
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Mid-range home inventory expected to increase as housing prices continue to climb

mid-rangeBy Jesse A. Millard | Phoenix Business Journal

Phoenix housing prices continued to rise for the month of May, but folks looking to enter the Phoenix housing market may be relieved to hear that tight supply for mid-range homes may ease up as more building permits have been issued, according to new data released by Arizona State University.

Building permits for homes priced in the $200,000 to $500,000 range saw a relatively small increase in the past two months, but buyers looking to enter the market with an affordable home may still face competition, said Michael Orr, who released the report Wednesday.

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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.