How Covid-19 fallout is impacting the Phoenix homebuilder market

By Angela Gonzales | Phoenix Business Journal

Nervous about potential paycuts, furloughs and unemployment, homebuyers are hitting the pause button when it comes to buying a new home.

While homebuilder sales offices remain open, demand for homes has plummeted with the stay-in-place mandate in effect, said Jim Belfiore, founder of Belfiore Real Estate Consulting.

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