Housing Market Climbs Back in Phoenix

Phoenix is undergoing another housing boom, with buyers clamoring to buy up properties with significantly discounted prices.

1 minute read

May 18, 2009, 11:00 AM PDT

By Nate Berg


"Phoenix's housing bust has turned into a quasi-boom, a sign that its market may have hit bottom and a sneak preview of what a national housing recovery could look like.

More homes are selling than at any time since 2006. Prices are slowly stabilizing. Buyers are once again finding themselves in frantic bidding wars -- only this time over foreclosed houses selling at deep discounts rather than ranch homes listing for vast sums.

"The free market is at work," said Shannon Hubbard, a real estate agent and blogger here. 'Prices got driven down so much that people said, 'I'm going to come out and play.' '

Home prices continue to plummet or tread water in much of the nation, but there have been tentative signs of life. Pending home sales rose 3.2% nationally in April, the second month of increases after a record low in January."

Monday, May 18, 2009 in Los Angeles Times

Chicago Intercity Rail

Amtrak Ramping Up Infrastructure Projects

Thanks to federal funding from the 2021 infrastructure act, the agency plans to triple its investment in infrastructure improvements and new routes in the next two years.

September 25, 2023 - Smart Cities Dive

Google maps street view of San Francisco alleyway.

Ending Downtown San Francisco’s ‘Doom Loop’

A new public space project offers an ambitious vision—so why is the city implementing it at such a small scale?

September 26, 2023 - Fast Company

Google street view of yellow "End Freeway 1/4 mile" sign on 90 freeway in Los Angeles, California.

Proposal Would Transform L.A.’s ‘Freeway to Nowhere’ Into Park, Housing

A never-completed freeway segment could see new life as a mixed-use development with housing, commercial space, and one of the county’s largest parks.

September 26, 2023 - Los Angeles Times

Traffic on the 405 interstate freeway through the Sepulveda Pass at Getty Center Drive in Los Angeles, California

Report: Bike Lanes Can't Make up for New Roads

If California wants to meet its climate goals, the state must stop funding its myriad road construction and expansion projects.

September 29 - Streetsblog California

Late evening view of downtown Minneapolis skyline with stone bridge in foreground

Minneapolis Affordable Housing Project Largest in 20 Years

The city opened its first large multifamily affordable housing complex in decades, but a recent court ruling against the Minneapolis 2040 rezoning plan could jeopardize future projects.

September 29 - Minnesota Public Radio

Close-up of vertical PARK sign on multistory urban parking garage.

NYC Mayor Proposes Eliminating Parking Minimums

Mayor Adams wants to stop requiring off-site parking for new buildings to reduce the costs of construction as part of the ‘City of Yes’ package of zoning reforms.

September 29 - StreetsBlog NYC

Urban Design for Planners 1: Software Tools

This six-course series explores essential urban design concepts using open source software and equips planners with the tools they need to participate fully in the urban design process.

Planning for Universal Design

Learn the tools for implementing Universal Design in planning regulations.