Buyers left in the cold while metro Phoenix construction of single-family rentals booms
Homebuyers are seeing subdivisions go up across metro Phoenix where they want to live. But they can’t buy in many of the new neighborhoods from Buckeye to Gilbert. They can only rent if they want to live in one of the houses. Metro Phoenix has long been a hotspot for homebuilding, and now it’s the […]
Metro Phoenix apartment sales soar as investors buy up rentals. Will rents keep climbing?
Metro Phoenix renters, brace yourselves for more tough times. The Valley’s apartment market is drawing big investors paying record prices for complexes, and that is a sure sign rents will keep climbing. Phoenix-area apartment complexes are selling almost daily for more than $100 million each, and the price per apartment is beginning to rival the […]
The time is now to build ‘world-class infrastructure’ in south Phoenix, residents say
The Rio Salado Habitat Restoration Area, which sits alongside light-rail construction at Central and Watkins avenues, was a tranquil foil to the rustling of cars and construction trucks rushing by. The lazily lapping Salt River played host to ducks, their quacks interrupting human conversation, while the air teemed with a grassy, post-rain smell. For years, […]
As Rents Soar, States Take Aim at Local Zoning Rules
SOURCE: https://www.pewtrusts.org/en/research-and-analysis/blogs/stateline/2022/03/15/as-rents-soar-states-take-aim-at-local-zoning-laws AUTHOR: Kristian Hernandez
What Tempe is doing with millions in Hometown for All affordable housing funding
An initiative to spur the development of affordable housing in Tempe has generated millions in contributions and pledges in its first year. Tempe has used the money to jumpstart work on several parcels where developers will build as many as 390 affordable apartments and homes, and to purchase more properties. The Hometown for All initiative, […]
New Arizona bill would override city zoning requirements to take on housing shortage
SOURCE: https://www.azcentral.com/story/news/politics/legislature/2022/02/03/arizona-housing-shortage-bill-would-override-city-zoning-regulations/6641028001/ AUTHOR: Catherine Reagor
How do we meet the demand for affordable housing if cities make it nearly impossible?
SOURCE: https://www.azcentral.com/story/opinion/op-ed/robertrobb/2022/02/16/city-zoning-nimbyism-make-affordable-housing-difficult-override-them/6799688001/ AUTHOR: Robert Robb
Tempe to redevelop former Food City site into affordable housing
Tempe plans to transform a shopping center along Apache Boulevard into a new hub with affordable housing and ground-floor commercial space. Elected leaders unanimously approved purchasing Pollack Apache Central Center for $10.7 million in a special meeting on Monday. The acquisition will be paid for with unrestricted general fund dollars. The shopping center, on a […]
City of Flagstaff Year in Review: Tackling expected and unexpected challenges
SOURCE: https://azdailysun.com/news/local/city-of-flagstaff-year-in-review-tackling-expected-and-unexpected-challenges/article_d8cd4545-b32c-52a0-abcf-f9f97b26c002.html AUTHOR: Bree Burket
Gilbert No. 1 in Nation for Biggest Increase in Apartment Rent
ORION INVESTMENT REAL ESTATE Gilbert No. 1 in Nation for Biggest Increase in Apartment RentArticle originally posted on AZ Big Media on January 31, 2022Gilbert, Arizona. New year, new rent price trends and a new report. The Rent.com Rent Report replaces the previous version from Apartment Guide. And Gilbert leads the nation for the biggest […]
