Mortgage And Real Estate News

Sunday, February 9, 2014

Housing market shifts back to metro Phoenix’s core


New houses are sprouting up — but not on the usual far-flung lots.

In the heart of metro Phoenix’s core communities, new houses and condo projects are in the works on vacant parcels, in half-built subdivisions and in teardown projects replacing run-down buildings.

Prospective buyers who want to live closer in instead of on the region’s fringes are spurring builders, big and small, to develop infill housing at the fastest pace in Valley history.

By percentage, growth of infill homebuilding is outpacing the rest of metro Phoenix’s new-home market.

Read more...Housing market shifts back to metro Phoenix’s core

Reuters: Business News

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