Housing inventory levels as reported through Bing News
Phoenix, Arizona — The population of Arizona’s Maricopa County — which includes the Phoenix metropolitan area — skyrocketed by 15% in the last decade. But now, the county could see a troubling flatline. New construction that relies on groundwater will stop in some parts of the state after a report from the Arizona Department of…
The median sale price of a home sold in the second half of 2022 in Madison County rose by $5000 while total sales decreased by 24.5%. See the full Housing Inventory article, or, read more Arizona real estate investing news. Up to you! Either way, you’re on your game!
© Provided by Axios With the Arizona Coyotes’ future in the Valley up in the air, other cities with aspirations of professional hockey are looking to lure the team away.Catch up quick: Tempe voters last month rejected a proposal for an entertainment district at Priest Drive and Rio Salado Parkway that would have been anchored…
PHOENIX — More homes were built to lease in Phoenix than anywhere else in the United States.According to a report from Northmarq, Phoenix saw nearly 6,000 of these homes constructed in 2022, beating out Dallas, Houston, Orlando, and Atlanta.Experts like ASU’s Mark Stapp aren’t surprised.“Not at all. The product type started here in Arizona. It…
CNN — Arizona officials announced Thursday the state will no longer grant certifications for new developments within the Phoenix area, as groundwater rapidly disappears amid years of water overuse and climate change-driven drought. A new study showed that the groundwater supporting the Phoenix area likely can’t meet additional development demand in the coming century, officials…
Six decades ago, the Arizona Board of Regents chose to put the state’s first medical school in Tucson. Here’s how that happened. See the full Housing Inventory article, or, read more Arizona real estate investing news. Up to you! Either way, you’re on your game!
Home prices aren’t crashing, despite what the housing bubble boys are saying. In fact, home prices have firmed up higher recently. See the full Housing Inventory article, or, read more Arizona real estate investing news. Up to you! Either way, you’re on your game!
Governor Katie Hobbs announced that Arizona will not approve new housing construction in rapidly growing areas of metro Phoenix that rely on groundwater.This decision comes as a result of years of overuse and a prolonged drought that has depleted the state’s water supply.The restrictions will require developers to find alternative water sources, such as surface…
PHOENIX — Arizona will stop approving new developments that rely solely on groundwater in the Phoenix Metropolitan Area due to years of water overuse, drought, and climate change affecting water supplies.The groundwater aquifers, currently serving 4.6 million people across metro Phoenix, are lagging behind growth on a trajectory that would run just short of projected…