Valley home prices up, up and away

By Paul Maryniak | Ahwatukee Foothills News

The steadily high demand for homes is sending desperate buyers in search of new houses instead of resales – but they shouldn’t expect developers will take any offer that comes along.

So says the Cromford Report, which closely monitors the Valley’s housing market.

“With the chronic shortage of re-sale homes, many buyers are turning to new-builds,” Cromford said last week. “Here they will not face multiple offers, but they may well find some builders are not accepting contracts except for homes that are near completion.”

The reason won’t make buyers happy.

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