Arizona home prices not returning to peak until 2038

According to CNNMoney, the Fiserv group estimates that the U.S. may be caught up to peak home price levels by 2023, but for Arizona it will be much longer. Arizona, California and Nevada are specifically mentioned as the last states to recover. Arizona is estimated to have a 2.7 percent price growth rate over the next five years, putting its recovery to peak prices at about 2038.  Read more...

By |2012-10-02T12:20:09-07:00October 2nd, 2012|Arizona, Housing Market, Real Estate|0 Comments

Home builder, Family Development, to launch division in Scottsdale

Family Development is in escrow for two Valley communities, one in north Scottsdale and the other in Litchfield Park.  The company plans to build 35 homes and 68 condominiums in these two communities over the next year and says it will hire local additional employees and contractors on an as-needed basis. Family Development plans to build approximately 400 homes in Arizona per year.  Since 2003 when the company was founded, it has built about 1,000 homes in Arizona outside of Maricopa County.   Read more...  

By |2012-10-02T11:56:57-07:00October 2nd, 2012|Arizona, New Housing, Uncategorized|0 Comments

Arizona awards $20 milion in affordable housing tax credits

The Arizona Housing Department awarded $20 million in tax credits to 18 projects last week and has worked  out deals for the projects to be completed in almost half the time. These credits are expected to save each developer approximately $1 million on new Arizona projects and encourage additional housing development over the next decade.  Read more...

By |2012-06-12T17:38:56-07:00June 12th, 2012|Arizona, Housing Market, Real Estate|0 Comments