November 15, 2024 11:47 am
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Phoenix new home sales climb, not all buyers welcome

By Catherine Reagor | Arizona Republic

New homes in metro Phoenix are selling at the briskest pace since the 2006 housing boom, but some of the buyers may not be as welcome in your neighborhood.

Investors are back in the Valley’s new-home market.

During the last boom, speculating investors snapped up a record number of new Phoenix-area homes as prices shot up, then dumped them fast when prices started falling.

Those investors played a big role in the housing market crash of 2008 to 2011. And leads us to watch what they’re doing in today’s hot market. 

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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.