Buying a home? An Arizona realtor explains how to navigate one of the nation’s hottest housing markets.
PHOENIX — The Valley is one of the hottest real estate markets in the country with record home prices and no signs of it slowing down. Not only is it difficult to buy a home with all the bidding wars, but if you’re a first time home buyer, it can almost seem impossible because of the fierce competition.
“Unfortunately, it's very hard for a first time home buyer to break in because they're in the price point where there is the most buyers, they're usually $300,000 or less,” said Danielle Paluscio, a realtor with AZ Premier Group.
Her clients, Daniel and Dianne Lee, just bought their first home. The newlyweds admitted the process was scary at first. Their biggest struggle was budget.
Then they were trying to find a banker and deal with …