Phoenix land purchases slowed in 2014. Builders spent $510 million on Phoenix land compared with $709 million in 2013.
If you were interested in buying a new home, 2014 may have been the best time. Builders had been offering deals including no payments for a year and discounts of 10 percent to 20 percent on houses already built as they try to sell inventory. Will this continue in 2015? That is hard to say. MORE
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