‘The long-term outlook is very positive’: Forecast for state economy projects solid growth
Arizona’s economy, led by the metro Phoenix juggernaut, should grow at a solid pace in 2022 following all of the drama of the past two years, and housing prices will avoid a crash despite recent price surges. Those were two key forecasts from the annual economic outlook luncheon Wednesday hosted by the W.P. Carey School […]
‘The long-term outlook is very positive’: Forecast for state economy projects solid growth
SOURCE: https://www.azcentral.com/story/money/business/economy/2021/12/08/arizona-economic-forecast-asu-projects-growth-no-housing-crash/6436655001/ AUTHOR: Russ Wiles
Big investors keep driving up metro Phoenix home prices, pricing out regular homebuyers
Metro Phoenix home prices likely hit another record in November and are expected to climb to $425,000 in December. But a national housing analyst is concerned that too many “iBuyers” and corporate investors are pushing prices beyond what regular homebuyers can afford. That will likely slow the housing market next year. Analyst Ivy Zelman, known […]
Mostly vacant medical offices in Mesa could see new life as apartments
Old, mostly vacant medical offices in west Mesa could be repurposed as apartments as metro Phoenix leaders look for ways to meet intense demand for housing. Mesa leaders in December narrowly OK’d plans to convert a four-story office building near Country Club Drive and Brown Road into apartments in a 3-2 vote. At a Planning […]
Developers are building in the massive Superstition Vistas area southeast of Phoenix, but water will dictate how it grows
Development is underway on an enormous stretch of desert southeast of Phoenix that has been under the microscope for nearly 20 years. Builders have a plan to pipe water to the development’s first homes, but a long-term water solution has yet to be found if the vacant land is to one day grow into a […]
Investors are buying up rural Arizona farmland to sell the water to urban homebuilders
CIBOLA — In fields on the Arizona-California border, farmers draw water from the nearby Colorado River to grow alfalfa, irrigating crops as they have for decades. That could change soon. An investment company has purchased nearly 500 acres of farmland and wants to strip it of its water and send it 200 miles across the […]
Is it time to override cities to solve our affordable housing woes?
SOURCE: https://www.azcentral.com/videos/opinion/op-ed/robertrobb/2022/02/15/time-override-cities-solve-our-affordable-housing-woes/6802477001/ AUTHOR: Arizona Republic
Controversial Arizona bill to override city zoning rules, address NIMBYism tabled
SOURCE: https://www.azcentral.com/story/news/politics/legislature/2022/02/10/arizona-bill-override-city-zoning-rules-address-nimbyism-tabled/6726899001/ AUTHOR: Catherine Reagor
Arizona bill would use COVID-19 relief funds to create sanctioned homeless encampments
Arizona cities could use federal COVID-19 relief funds to establish sanctioned homeless camping areas under a new bill making its way through the state Legislature. Senate Bill 1581 would make $50 million of American Rescue Plan Act funds available to cities or counties to set up sanctioned homeless encampment areas and homeless outreach teams. The […]
Gilbert leaders OK rezoning for new apartment complex despite opposition from town staffers
Gilbert leaders in a split decision approved a rezoning that could pave the way for nearly 300 apartments in a mostly commercial part of town, despite firm opposition from town staffers. The Town Council on Tuesday voted 5-2 to amend the general plan — a voter-approved guide for growth — and rezone the property at […]
