As one might expect, Valley housing prices have jumped dramatically since the market crash of 2007-2008. The market seemed to have bottomed in 2010, when homes built just 5-7 years prior were selling at prices far below the builder’s cost to replace the structure alone. The Crash of 2008 Much of the demand le
We keep our eyes open for any news related to the large projects of the southeast valley. As land investors, we have a big interest in how, and whether or not, they proceed. The growth of the valley will march on regardless of whether these particular projects materialize, but large projects have the potential to
“New houses are going up in the Phoenix area at the fastest pace in 10 years, and prices are climbing faster than they have in five years.” So reports one article among many from the Arizona Republic in July. A simple Google search on “Phoenix area new homes sales” will provide pages of similar articles f
Lucid Motors announced its plan to invest $700 million in a manufacturing plant in Arizona in 2016. They secured an option on 500 acres in Casa Grande and indicated that they expected to start production in 2018. Lucid Motors Secures Funding We’ve been eagerly awaiting word to see if this project was going to
The Phoenix area has been one of the nations strongest regions for growth for some 60 years. Virtually all economists agree the growth is going to continue for many decades. A look back demonstrates that it doesn’t come at a steady rate. Instead, growth comes in waves, surging ahead for some years, then slowi
