Metro Phoenix housing market has best month in a decade April just might have been the best month for metro Phoenix's housing market in a decade. Foreclosures fell to the lowest level since 2006. Homebuilding continued to rebound. Phoenix kept its spot as one of most affordable big metro areas for ...
More Phoenix homeowners have equity now Fewer metro Phoenix homeowners are underwater now, according to CoreLogic. Approximately 19.5% of the Valley's homeowners owed more than their house is worth as of June 30, down from 21% at the end of this year's first quarter. At the worst of the housing cra ...
Phoenix-area home sales, prices cool in July In Metro Phoenix, both sales and prices dipped in July. Home sales fell 4.5% and the median home sales price inched down to $210,000 compared with June, according to the W.P. Carey School of Business at Arizona State University. The housing market's mode ...
Ariz. homebuilders offering deals New-home prices across metro Phoenix soared too high and too fast in 2012 and 2013 for many buyers to handle, leading to a slump in sales. Home prices have dropped slightly this summer, and builders are trying to lure buyers by offering incentives that include lowe ...
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News Article From: 11-01-2005

The article, The Next Real Estate Boom, from CNN.com, reports that in the coming 25 years, the biggest wave of development since World War II will turn America's major metro areas into giant "megapolitans" teeming with opportunity. They cite the Metro Phoenix to Tucson area as one of those ten future "megapolitan" areas. The article starts out by talking about Mike Ingram, who runs El Dorado Holdings, and how he saw opportunity in land here nearly 20 years ago, and how he has turned his company's land holdings into a portfolio valued at nearly $1 billion. The article references Buckeye and the explosive growth that is occurring there, and how land values have skyrocketed in this area. The article also states that ..."few possess the kind of economic perfect storm for growth and profit that Arizona boasts. No other region offers such great volumes of buildable land at such low prices. An acre of dirt can still be had for as little as $25,000, compared with $1 million on the outer fringes of Chicago. Land tagged for development will drive a near doubling of the Phoenix/Tucson region's population, and unlike Los Angeles, the area has enough water-- from underground rivers, aqueducts, and nearby mountains-- to support all the new residents."  Local land broker Nate Nathan states "The country is swarming Phoenix. This place is on fire." This is a great article to send to your investors and clients!

The Next Real Estate Boom




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