Here’s where experts say the real estate opportunities will be post-pandemic

The long, hot summer of 2020 just added to the misery index in Arizona. The state has managed to still move forward with many new developments, and the pace of building has remained steady. There are signs all around the Phoenix market that this COVID-19 induced economic downturn will be a short-lived one when compared with what … Read more

Glendale homeowners association orders removal of Black Lives Matter sign

Adianna Bermudez, Cronkite News GLENDALE – Melanie Boyle hung a hand-painted Black Lives Matter sign on her home in July to show her support for the movement and its demands for justice. “I wanted to do this little act of putting up a sign and open more conversation about it in my area,” she said. … Read more

207 townhomes likely at Lindsay-Germann roads

A developer wants to build a gated 207-unit townhome community at the southwest corner of Lindsay and Germann roads on land zoned for office use. The applicant, Norris Design, is seeking a minor General Plan amendment and rezoning of the 14.53 acres currently used for agricultural, according to staff at a Planning Commission study session last … Read more

Should You Buy a House in a Presidential Election Year?

By Tamra Haase Campaign ads have been airing.  We are just weeks away from the election.  While some presidential hopefuls are laying out their policies, the impact of the electoral process on residential real estate hasn’t yet fully unfolded. Across the nation, the market still seems set on its normal trajectory.  In January, nationwide inventory … Read more

REV@Porter gets site plan approval for multi-family housing

By Raquel Hendrickson -Oct 13, 2020188 An “atypical” multi-family residential development received a design review permit. REV@Porter, property owned by El Dorado Holdings, is at the southeast corner of Porter Road and Bowlin Road. Maricopa Planning & Zoning Commission approved a design review permit and site plan for 20 acres of the property. The application at Monday’s commission … Read more

Gilbert breaks into top 10 of national affordability for 1st time homebuyers

Gilbert, Arizona is the top-ranking city in the study for the affordability category. It has the highest under-45 homeownership rate (69.76%), the 63rd-lowest down payment-to-income ratio (0.70), the sixth-lowest housing costs as a percentage of income (19.25%) and 22nd-lowest effective property tax rate (0.60%) overall. Gilbert also ranks well in the category of home market … Read more

KB Home Develops New 251-Lot Community in Marana

MARANA, ARIZONA – KB Home of Tucson bought DeAnza Subdivision, a 251-lot platted subdivision for $11.3 million ($45,000 per platted lot). The property is located north of the northwest corner of Cortaro and Hartman Roads in Marana, a community northwest of Tucson. DeAnza was sold by Red Point Development of Tucson, Daniel Leung, Project Manager. … Read more

Signs Of Life At Maricopa’s ‘Ghost Subdivision

By Brian Petersheim |  InMaricopa Maricopa’s “ghost subdivision” is coming back to life. Dormant for a decade, the Santa Rosa Crossing development with a long history and no homes is ready for a rebirth. Construction of 230 homes is starting on the empty tract, located east of Desert Cedars and northeast of Copper Sky, with infrastructure work … Read more