Valley mansions continue to sell despite cooling market

By Angela Gonzales | Phoenix Business Journal

Luxury real estate agents continue to close deals at a time when mortgage interest rates have doubled since January.

That’s because cash buyers continue to flock to the Valley with millions of dollars in their pockets to buy mansions in Scottsdale and Paradise Valley. They get bigger homes on larger parcels than what they’ve been paying in other states.

Read the full subscription story from the Phoenix Business Journal.

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