MARICOPA, Ariz.-- No one here really knows why she bought a five-bedroom house in a sprawling subdivision, or if she even intends to live in it. But, already, Bristol Palin's real estate acquisition has residents in one hard-hit desert neighborhood chatting about their hopes for a housing marking rebound.
To the surprise of many in this sleepy Phoenix suburb, the 20-year-old daughter of Sarah Palin who recently created her own celebrity as a "Dancing with the Stars" finalist, purchased a two-story home in a development of earth-toned houses on the edge of town.
And she got a good deal, too.
The two-story, 3,900-square-foot home in Maricopa's Cobblestone Farm neighborhood was priced well over $300,000 when it was built in 2005. Palin paid $172,000 cash for the house late last month, according to Pinal County property records and information published on the region's multiple listing service.