Home Builder Says Market's Good

Fulton Homes president Doug Fulton's take on the Central Arizona real estate market...

When asked how he sees the market now, Fulton says that this is just a small correction that needed to happen. The velocity of sales and appreciation was not sustainable and we are now getting back to a normal market.

Regarding home prices being too high, Fulton states that you need to look at Colorado, California, Las Vegas and New Mexico. For our economic health, jobs, the net in migration of people, Fulton says we were simply undervalued and that we have caught up to where we needed to be.

He does not see prices correcting more than 10 percent from where we are today. More...