Prescott Area Home Buyers May Skip 'Starter Homes'

New Factors Widen Choices for Prescott, AZ Home Buyers  

The concept of "starter homes" cropped up after the end of the Second World War, when millions of young families took advantage of low-cost new developments to gain a foothold in homeownership: the emblematic first step in fulfilling the American Dream.

Today's first-time local home buyers are a lot less predictable—just as the market itself is altogether different. As we recover from the previous years' economic declines, which temporarily suppressed the number of area home buyers, the combination of low interest rates and historically affordable home prices allows many to aim for bigger and more accommodating housing— skipping the starter home altogether.

Eight Advantages of Buying a New Home

There are advantages to buying a new home in Prescott, AZ

In a market like Prescott, AZ with resale homes and foreclosures, it can be tempting to take advantage of what may look like a good deal. People who wouldn't dream of buying a used car may take a second look at a good foreclosure. But there are many better reasons to buy a newly built home over an existing one, and here are eight of the best:

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