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10/09/07
Steady new-home sales are a good sign for market
Filed under: General, Real Estate
Posted by: Lillian Wong @ 8:50 pm

Resales across metropolitan Phoenix were down again in August, but new-home sales held steady. It could be a sign that the thousands of speculatively built homes across the Valley are selling while builders are pulling back on putting up more new ones. Both moves will help the resale market because fewer listings mean less supply.  More…

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