New hot spots for future Valley home construction

(Disclosure: Rose Law Group represents Ashton Woods, Brookfield Property Group, Lennar, Mattamy Homes, and Meritage Homes.)

By Angela Gonzales | Phoenix Business Journal

Homebuilders continue to pay millions of dollars in cash to scoop up lots as the Phoenix metro market continues to show strength despite mortgage interest rates hovering near 8%.

“Metro Phoenix homebuilders aren’t waiting for lower mortgage rates,” according to the latest Phoenix Housing Market Letter by RL Brown Housing Reports, which specializes in housing marketing data and research.

Read the full subscription story from the Phoenix Business Journal.

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