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Better Business in Arizona

Recently sold foreclosed homes are having a positive impact on landscape contractors in certain parts of the country. Arizona landscape contractor company Arroyo Vista Landscape & Design estimates 30 to 40 percent of its current business comes from newly-bought foreclosed homes.

Although many businesses in Arizona still suffer from the repercussions of the housing crisis, some Arizona landscape contractors said business is looking up. Dan Dawn, owner of Arroyo Vista Landscape & Design, described business as "pretty solid and steady for the last year and a half." He added: "I think in this last year it's been an improvement. I think the media is pretty doom and gloom, but I see something different. I see people taking pride in their homes again and spending money."

The Upside Of Foreclosures
Dawn estimates 30 to 40 percent of his current business comes from newly-bought foreclosed homes. "Some people are coming in and renovating everything," Dawn added. "Current homeowners are starting to re-invest in their properties." He's had a lot more jobs consisting of patio work and fire pits. "I think more people are staying home more and enjoying what they have." Interestingly, he has noticed a sharp decrease in the number of people relying on credit to pay for services. "We do very little Visa transactions now," he asserted. "People are actually saving cash and buying things. Instead of credit, they're writing checks right out of their bank account."

Related Home Sales News
Existing homes sold at an annual pace of 4.59 million in February, up 8.8 percent from a year earlier and the busiest February since 2007, according to the National Association of Realtors.



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December 6, 2019, 12:40 pm PDT

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