Home builders and the real estate industry are hoping the summer looks like May and not April as they watch the rise in COVID-19 cases in Arizona and some other states.
May saw a big rebound in home sales with much of the economy reopening in Arizona. That contrasts to April when COVID shutdowns slowed down home sales significantly.
Steven Hensley, an analyst with Belfiore Real Estate Consulting in Phoenix, said the slow down in home sales has been less than first expected and that home builders have learned some best practices that can serve them going forward.
“They’ve all learned from what they saw before and what works and what doesn’t work,” Hensley said.
By Mike Sunnucks | Rose Law Group Reporter