Housing

Some homebuilders not stagnant in current housing market

Options in the Valley housing market for first-time buyers can be hard to come by nowadays.

Some homebuyers are being pushed out of the market with the median single-family resale home cost of $475,000 in Maricopa County and a mortgage rate of 6.57% on a 30-year fixed rate mortgage as of May 25.

Interest rates increasing means home mortgage payments increase by hundreds per month.

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Some homebuilders not stagnant in current housing market

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Some homebuilders not stagnant in current housing market

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