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
Housing Market
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
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
Arizona is No. 6 Hottest Market for New Residential Construction
A new study shows Arizona is the No. 6 hottest market for new residential construction despite home affordability in the U.S. falling to the lowest levels ever recorded after plummeting by 29% over the last year. Given the 2008 financial crisis was largely due to a housing bubble, housing metrics are more important than ever as … [Read more...] about Arizona is No. 6 Hottest Market for New Residential Construction
Phoenix Rental Prices Soar by 29% in 2 Years
U.S. rental prices grew by nearly 20% from March 2020 to 2022 during the pandemic, according to the Realtor.com Monthly Rental Report released today. Phoenix rental prices increased 29% over the last two years, with median rent hitting $1,896 in March 2022. Additionally, two-year rental trends indicate some redistribution of … [Read more...] about Phoenix Rental Prices Soar by 29% in 2 Years
Phoenix Home Values Jump 30.7% Over Past Year
Home buyers face another challenging shopping season to navigate, as Zillow’s latest monthly report reveals record-breaking low inventory and unprecedented price growth, including Phoenix, which saw home values skyrocket 30.7% over the past year. In the Phoenix metro: • Typical Phoenix home values are $434,184, up 30.7% … [Read more...] about Phoenix Home Values Jump 30.7% Over Past Year
