Phoenix Market
Hi,
Some numbers for new home sales in the Phoenix area were released and show that for the 3rd straight month housing permits were down. Despite this, permits are still 5.6 percent above last years record pace. The slow down is attributed to many factors including summer rains, and material and labor shortages which caused builders to ration lots. This is all actually considered a good thing, as the market settles gradually back into a more normal pace. Have a great weekend and safe trick or treating on Monday!
Adam Tarr and Sharon Kotula
Your Phoenix Area Real Estate Source