Friday, August 10, 2007

Arizona home sales way down

Despite new home builders offering unprecedented incentives, new home sales in Arizona are dismal. 2007 year-to-date sales (through July) were 33,510, compared to 41,835 for the same time period in 2006 and 68,235 for the same period in 2005. And this is while inventories and foreclosures are climbing.

1 comment:

shrimplate said...

One out of every three dollars generated by the Valley's economy comes from the housing industry. When that sinks, be in a lifeboat. It's gonna suck.