Easter Bunny Delivers Early ~ Phoenix Housing Market Is Hoppin'

SCOTTSDALE, Ariz., March 30, 2012 /PRNewswire/ -- Custom and semi-custom home-builder Ripson Homes announces the grand opening of Sonoran Acres just outside of Surprise with homes on acre lots starting at $199,900.  Sonoran Acres has already garnered a strong response from realtors who attended a recent preview open house.

"We are thrilled with the initial response from realtors about our 121 home development on acre lots," said Michael Ripson, CEO of Ripson Homes.  "During the past several years the housing market has been on life support due to the recession.  Foreclosures and short sales have dominated the supply, and buyers had few choices for quality housing. Now we're at the dawn of the housing recovery and there's an incredible pent-up demand for quality new homes at affordable prices.  We believe Sonoran Acres, which offers brand new homes on acre lots starting at $199,900, meets this demand." Experts agree with Ripson's assessment. 

"Today is the best time to start a new community; market conditions are the best they have been in metro Phoenix in the past six years. Supply is at its lowest and demand is up significantly," said Jim Belfiore of Belfiore Real Estate Consultants.  "The housing market improvement streak stretched into the New Year, as housing demand increased, pushing supply down and pushing home prices upward," said Belfiore.  

This supply/demand imbalance has frustrated buyers, especially when trying to buy a foreclosure or short sale from a bank.  According to Ripson, most banks have an "it's my way or the highway" attitude towards buyers.  Not only is the experience unpleasant for a buyer when dealing with the banks, but it's impossible for a buyer to know what they're getting.  "Foreclosures and short sales are fraught with problems and unknowns," said Ripson.   

Ripson Homes is answering the call of home buyers demanding quality at affordable prices, the peace of mind of buying a brand new home, and an enjoyable experience.  "We are known for our service and our quality, and we provide a two-year warranty on all of our new homes at Sonoran Acres.  Ripson Homes is the ideal choice for buyers desiring brand new homes on acre lots at affordable prices," said Ripson. "Foreclosures and short sales simply can't compete."  

Sonoran Acres also offers 0% down financing to qualified buyers.

Ripson Homes is a Scottsdale, Arizona based homebuilder specializing in custom homes as well as affordable homes throughout the Valley since 2001. More information is available at www.RipsonHomes.com or www.SonoranAcres.com. Buyers can also call 877-OWN-1-ACRE.

SOURCE Ripson Homes