Buying a New Home vs. Resale - Pros and Cons With Ken Peterson

Coach Clarence interviews Ken Peterson, the Vice President of Sales and Marketing for Shea Homes. They discuss the pros and cons of buying a new home versus a resale home. Ken Peterson discusses the changing real estate market in the Phoenix area over the past five years. He emphasizes how the city has transformed with new jobs, infrastructure, and amenities. He also touches on the impact of COVID-19, which led to an increased appreciation for homeownership and a desire for more space and safety. The market initially slowed down due to rising interest rates, but overall, the real estate industry has experienced significant transformation.


00:01:43 Benefits of buying a new home.
00:05:08 Home prices are not coming down.
00:10:56 Home construction takes time.
00:18:01 Financial responsibility for first-time homebuyers.
00:23:06 Water is a concern.
00:32:52 No takeaway.
00:34:13 Value for money in home buying.
00:39:13 Real estate education is important.