November 15, 2024 3:50 pm
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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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Rose Law Group Reporter, which provides Dealmaker’s content and service, is contracted by Rose Law Group. Rose Law Group is a full service real estate and business Law Firm practicing in the areas of land use/entitlements, real estate transactions, real estate due diligence/project management, special districts, tax law, water law, business litigation, corporate formation, intellectual property, asset protection, data breach/privacy law, ADA compliance, estate planning, family law, cyber-law, online reputation and defamation, lobbying, energy and renewable energy, tax credits/financing, employment law, Native American law, equine law, DUIs, and medical marijuana, among others. The views expressed above are not necessarily those of Rose Law Group pc or its associates and are in no way legal advice. This blog should be used for informational purposes only. It does not create an attorney-client relationship with any reader and should not be construed as legal advice. If you need legal advice, please contact an attorney in your community who can assess the specifics of your situation.