Wednesday, October 19, 2022 / by Juan Grimaldo
It's officially a buyer's market — here's how the homebuilding industry is handling it
The tides have turned. It's now a buyer's market for potential homeowners in Arizona.
Homebuilders are beginning to lower their base prices and offer incentives, said Steven Hensley, advisory manager for Zonda housing market research firm.
While the lowering of base prices isn't widespread today, it is occurring in certain submarkets across the Valley, he said.
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By: Angela Gonzales - Reporter, Phoenix Business Journal