Saturday, November 28, 2020 10:26 pm

Phoenix new home sales surge after COVID-19 low

By Catherine Reagor | Arizona Republic

Forecasts were grim for metro Phoenix’s home building market during the early days of COVID-19.

Potential home buyers were expected to stay out of new subdivisions and model homes due to health concerns, and many home builders shut sales offices.

But record low-interest rates, mask requirements, virtual new-home tours and pent up demand from buyers who can’t find existing Valley homes they can afford has spurred a surge in new home sales across the Phoenix area.

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