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Arizona will halt new home approvals in parts of metro Phoenix as water supplies tighten

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…

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International real estate conference coming to Phoenix

PHOENIX — An international real estate conference is coming to Phoenix on June 9. Real Estate Summit Across Borders will be held at the Sheraton Downtown Phoenix, according to a press release. More than 1,000 international real estate professionals will be attending the event. Attendees can gain information on real estate, investments and regulatory issues…

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Global Water Resources Is Well-Suited To Deal With Arizona’s Water Scarcity

Kruck20I’ve been a shareholder of Arizona water utility Global Water Resources (NASDAQ:GWRS) for the past four years. Shares have slid over the past few months amid the general weakness in smaller-cap companies and rate-sensitive sectors such as utilities.Data by YChartsIn addition, there has been recent headline-grabbing moves to limit some new developments in the Phoenix…

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