As one of the cities most effected by the housing crash, one would think the recovery of Phoenix's real estate market would be cause for widespread celebration. But a confluence of factors is making it hard for many to find a place to live.
“'It’s hard to find a lot of fault with the recovery in Phoenix,' said Daren Blomquist, vice president at RealtyTrac, a California company that tracks housing sales, reciting a list of positive indicators, like the area’s shrinking inventory of foreclosures, its healthy population growth and the steady decline in the number of homeowners who owe more on their mortgage than their property is worth."
"But those changes have brought a whole new set of challenges," reports Fernanda Santos.
"Developers, discouraged by the high price of land and a shortage of construction workers, who left for greener pastures during the crash, are reluctant to build starter homes, the type most in demand. Prospective sellers are waiting to see if surging values will keep on climbing before they list their properties. Meantime, prospective buyers, including many newcomers drawn by new jobs in the state, are having a hard time finding a place to live."
FULL STORY: Real Estate Boom in Phoenix Brings Its Own Problems
Millennials and Housing Markets: Case Studies From Houston and Phoenix
Researchers from Arizona State University have produced a new working paper that examines efforts to attract and retain Millennials to downtown neighborhoods in Houston and Phoenix.
Land Rush Is On as Builders Try to Catch Up to Housing Demand
As the housing market roars back to life, the price of "dirt", or developable land, is surging in America's most desirable areas - including the outer suburbs. A shortage of lots is said to be hampering the housing recovery.
America's Hottest Housing Markets
As the housing market recovered nationwide, home values rose 5.1% across the U.S. between February 2012 and February 2013. In 10 of the major markets analyzed by Zillow, values rose more than 13%. In five of those, home values rose more than 20%.
Coming Soon to Ohio: The Largest Agrivoltaic Farm in the US
The ambitious 6,000-acre project will combine an 800-watt solar farm with crop and livestock production.
Pennsylvania Mall Conversion Bill Passes House
If passed, the bill would promote the adaptive reuse of defunct commercial buildings.
U.S. Supreme Court: California's Impact Fees May Violate Takings Clause
A California property owner took El Dorado County to state court after paying a traffic impact fee he felt was exorbitant. He lost in trial court, appellate court, and the California Supreme Court denied review. Then the U.S. Supreme Court acted.
Colorado Bill Would Tie Transportation Funding to TOD
The proposed law would require cities to meet certain housing targets near transit or risk losing access to a key state highway fund.
Dallas Surburb Bans New Airbnbs
Plano’s city council banned all new permits for short-term rentals as concerns about their impacts on housing costs grow.
Divvy Introduces E-Bike Charging Docks
New, circular docks let e-bikes charge at stations, eliminating the need for frequent battery swaps.
City of Costa Mesa
Licking County
Barrett Planning Group LLC
HUD's Office of Policy Development and Research
Mpact Transit + Community
HUD's Office of Policy Development and Research
Tufts University, Department of Urban and Environmental Policy & Planning
City of Universal City TX
ULI Northwest Arkansas
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