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.
