New Home Sales fell in August for the 4th month
According to AZCentral article published today-- http://www.azcentral.com/business/realestate/articles/2011/09/26/20110926new-homes-sales-fell.html . New homes sales are falling for the 4th month in a row. This could be good for the buyer! Picking up a new build for just about as much as a re-sale home! As new homes are falling right now, I'm driving around the South East Valley one would ask, "Do the builders know something we don't?" Well, I woud say yes, they know that right now there is only about 2-3 months worth of a supply of re-sale homes in inventory. Compare that to the same time last year we had a whopping 9-12 months supply. Builders are getting permits again from the county, trying to be ready when the resale market turns. That is something you don't hear much of- but the facts are- if you are thinking of purchasing a foreclosed home, then understand you are not alone. there are many people trying to get in o...