Metro Phoenix’s median home price is expected to climb almost $12,000 in March after dropping most of the past six months. Home sales jumped in February and are on track to increase again in March. Both are indicators that the Valley’s housing market isn’t headed anytime soon for a repeat of the crash that rocked the economy … [Read more...] about Metro Phoenix’s Median Home Price Poised to Climb $12,000 in March
Phoenix Ranks No. 2 for Most Industrial Real Estate Under Construction
With a total of over 52 million square feet of industrial space under development, Phoenix ranks 2nd among the largest U.S. markets by industrial real estate currently under construction, according to CommercialSearch’s latest study that analyzes the state of industrial real estate development in 2023. Out of the projects to be … [Read more...] about Phoenix Ranks No. 2 for Most Industrial Real Estate Under Construction
Scottsdale developer rolls out plans for $3.6B master-planned community
These outlined parcels totaling 4,150.3 acres were purchased for $82.7 million at a time when land deals have come to a screeching halt. NATHAN & ASSOCIATES INC. Scottsdale-based El Dorado Holdings Inc. has plopped down $82.7 million for 4,150 acres of vacant land at a time when the economy has caused land deals to come to … [Read more...] about Scottsdale developer rolls out plans for $3.6B master-planned community
With TSMC, Intel Investing Billions, Chips Could be Arizona’s Sixth C
President Joe Biden tours the building site for a new computer chip plant for Taiwan Semiconductor Manufacturing Company, Tuesday, Dec. 6, 2022, in Phoenix. (AP Photo/Patrick Semansky) PHOENIX — There’s been a C change of sorts in Arizona’s economy, which has long been known for copper, cattle, cotton, citrus and … [Read more...] about With TSMC, Intel Investing Billions, Chips Could be Arizona’s Sixth C
Here’s why Arizona Economy is Forecast to Outperform U.S.
Shifting economic winds are buffeting the Arizona economy. The labor market remains very tight, with low unemployment, high levels of labor market churn, and a mountain of open jobs. Retail sales have slowed but remain surprisingly resilient. At the same time, income gains are more than offset by inflation while rising mortgage … [Read more...] about Here’s why Arizona Economy is Forecast to Outperform U.S.
TWO PHOENIX SUBURBS LAND ON LIST OF BEST CITIES FOR FAMILIES
Scottsdale and Chandler are ranked among the top 20 cities for families with children, according to a recent study by StorageCafe. The company examined the 100 most populous cities in the U.S. and ranked them in several categories, including affordability, schools, safety, recreation opportunities and other socio-economic … [Read more...] about TWO PHOENIX SUBURBS LAND ON LIST OF BEST CITIES FOR FAMILIES
Here’s How Data Shows Phoenix Housing Market Is ‘Normalizing’
The Phoenix housing market is normalizing. That is the message shared by Phoenix REALTORS, one of the foremost industry experts serving more than 11,000 real estate sales professionals Valley-wide, as the organization released the latest market data from Sept. 2022. Based on the most recent ARMLS data, which … [Read more...] about Here’s How Data Shows Phoenix Housing Market Is ‘Normalizing’
Phoenix stands out as one of best markets for real estate investment over the last 10 years
A 10-year analysis of median residential real estate prices shows which cities have been best for home investment, and the Phoenix area is No. 2 in the percentage growth rankings. Point2Homes examined sales data from 2011 to 2021 for the largest 187 metro areas in the U.S. and found median price increases in every market, … [Read more...] about Phoenix stands out as one of best markets for real estate investment over the last 10 years