You are currently browsing the Phoenix Valley Real Estate Blog weblog archives for the day 1. March 2008.
1. March 2008 by Teri Ellis.
Many homebuilders purchased quantities of land during the frenzied real estate market in 2002-2005; however, many are now struggling and, in fact, some are filing Chapter 11 bankruptcies and others are letting the lenders foreclose on the subdivisions. While it is a great time to buy a home, buyers need to be aware of what is going on as much as possible. I am now of the personal opinon, that a home that is ready to go - an inventory home or a spec home - might be the safest route. With all of the negative news and mortgage company woes, it’s a good time to make sure you have a Realtor.
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