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By Angela Gonzales | Phoenix Business Journal
With existing inventory at an all-time low in metro Phoenix, home shoppers looking for properties priced below $300,000 have a better chance of buying a new home — especially in certain parts of the West Valley, where homebuilders are frantically trying to keep up with demand.
The premium between buying new versus resale on entry-level homes is narrow in Avondale, Buckeye, Glendale, Goodyear, Surprise, Tolleson and Wittmann, said Tina Tamboer, senior housing analyst for The Cromford Report.
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