Demand So High, Valley Homebuilders Consider Lotteries

By Angela Gonzales | Phoenix Business Journal Record low mortgage rates are pushing homebuilder sales office traffic and new home sales higher, as the supply of existing homes remains extremely low in Arizona. This is causing some homebuilders to think about using a lottery or drawing system to sell a limited supply of homes, said …

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Coronavirus Creates Homebuyers’ Opportunity

By Angela Gonzales | Phoenix Business Journal The coronavirus pandemic is causing some homebuilders to close their sales offices in the Valley at a time when low mortgage interest rates are creating a window for homebuyers. Given the current COVID-19 pandemic, Scottsdale-based Taylor Morrison Home Corp. has closed its sales offices, but will conduct business …

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