Ahwatukee Foothills News
Prospective home buyers may have to turn to new houses instead of resales if they hope to find new digs any time soon, a leading Valley real estate analyst said last week.
With resale home inventory inventories at nearly historic lows, the Cromford Report said last week that buyers’ only recourse may be new construction.
“Buyers may be liking the interest rates, but the lack of available inventory is a nightmare for them,” it said. “No doubt many will turn to the new home market, which has seen surprisingly stable pricing under these circumstances.”
