Fire Sale in Phoenix

Summary


"And they're not just looking," Steve Lauritano, owner of Arizona Pro Realty, Inc., said. "They're researching and they're extremely serious about it. It's usually a given that they're going to buy."

"Did I think we would get a brand new home for that price? No! " [Angela Lamboo] said in an interview. "When you think about it, it's crazy."

"The prices for buying brand new are unbelievable," [Diane Olson] added. "They're cheaper than a lot of the (resale) homes that are available through foreclosures."

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Extract


Fire Sale in Phoenix

By Murray McNeill

Bargain-savvy Manitobans are creating their own little desert storm, snapping up vacation homes in the Phoenix area as Arizona builders scramble to unload properties for as little as half the usual price.

Two Phoenix Realtors said 21 Manitobans have purchased homes in the Phoenix area since they he...

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