Dangers of Speculation Fall on the Scottsdale Housing Buyers

Market watchers have learned a lot from this last Scottsdale housing boom. Their primary discovery is that "the dangers of speculation" have shifted away from the Scottsdale housing developers to the buyers.

In past Scottsdale housing booms, builders flooded the market with homes, and "the result was an oversupply that worsened a downturn, triggered bankruptcies, and caused layoffs among construction workers." But the Scottsdale housing industry has learned from its past mistakes.

Now, most units aren't even built until a down payment has been made, keeping the Scottsdale housing supply in check. However, this also means that the buyers, not the construction companies, "will bear the pain if price gains or demand don't meet expectations."