Arizona Real Estate Notebook

Arizona home builders finally come up with a good idea! What were the odds?

I expect Arizona home builders to act like relocation companies when they own resale property. They will lower a home’s price aggressively until it sells.

That will, unfortunately, push the Arizona home overbuilders’ inventory problems onto the resale market further pressuring resale home prices.

(I mean it was a good idea for the overbuilders.)