housing

KNAU and Arizona News
4:36 pm
Tue November 20, 2012

Housing Starts in AZ Up

A home in California under construction.
Credit Rishichhibber

Housing starts across the country are at their highest annual rate since 2008.

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State Capitol News
10:20 am
Fri October 5, 2012

Economists: Be Wary of Strong Housing Market in Phoenix

The truth about

Homeowners happy with the current double-digit increases in values should be warned: There could be a bubble. And bubble can go 'pop.'

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KNAU and Arizona News
3:17 pm
Fri September 14, 2012

Housing Market in Flagstaff May be Looking Up

Across the country the housing market appears to be picking up.

In Phoenix home prices are up nearly 14 percent over last year.

And Flagstaff may soon be seeing improvement too.

Jim Snook sells houses for Dallas Real Estate, and he’s the past president of the Northern Arizona Realtor’s Association.

He’s also a numbers guy.

And Snook says the housing market in central Flagstaff is starting to look up again.

For example, houses were selling faster this August than two years ago.

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Fronteras
2:29 pm
Mon August 13, 2012

Forecast For Phoenix: Hotter And Hotter

John Larsala struggles to keep his family cool during the Phoenix summer. The shade trees in his front yard have died because he cannot afford to water them.
Peter O'Dowd

A place with one of the harshest climates in the Southwest –- Phoenix -- records more days over 100 degrees than any other major city in the country. But climate models predict metro Phoenix, with its population of four million, will get hotter.

Here in John Larsala’s driveway, the view is bleak.

“You see our tree is dead,” Larsala said. “All these trees are dying because I can’t put water on it.”

The grass is dead too. In fact, there is no grass anymore.

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State Capitol News
6:10 pm
Thu May 24, 2012

Atty to State: Don't Take Foreclosure Settlement Money

An attorney for two Arizonans at risk of losing their homes asked a judge today to block lawmakers from taking 50 million dollars out of a special fund designed to help prevent foreclosures to instead balance the state budget. 

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KNAU and Arizona News
4:00 am
Tue May 8, 2012

Phoenix Housing Market Undeniably Up

Ken Peterson is a vice president for Shea Homes, where sales are up almost 60 percent from last year.
Peter O'Dowd KJZZ

Here's a turnaround worth noting: The housing market in Phoenix is emerging from a historic slumber. Foreclosures are down, and new home sales are re-energizing the market -- up 35 percent from a year ago.

Let's get down to street level, shall we? How 'bout Ravenswood Drive near Gilbert's eastern edge.

Ken Peterson is a Vice President for Shea Homes. We're in a development called Spaces. And listen to this, air compressors and nail guns all around us.

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Fronteras
2:34 pm
Thu December 1, 2011

Beyond Sprawl: Can Foreign Cash Save The Housing Market?

Kevin Chu and his colleague Christian Santika work for the Hong Kong office of The Creations Group, an international investment firm that is buying up distressed properties in several U.S. cities, including Las Vegas.
Jude Joffe-Block.

LAS VEGAS — The unending rash of foreclosures and falling home prices in Las Vegas continues to cause despair. But the same housing crisis is causing some investors to see opportunity. Home prices have dropped to 1990s levels, and many homes in the area are selling for below the amount it would cost to build them.

In fact, these Las Vegas homes are getting noticed from buyers all over the world.

Kevin Chu recently toured Las Vegas for the first time to check on his investment firm’s properties.

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Fronteras
12:00 am
Wed November 30, 2011

Beyond Sprawl: Gambling On Downtown Las Vegas

The block of Fremont Street just east of Las Vegas Boulevard is arguably the most vibrant part of the downtown neighborhood. In the past few years, a string of hip bars and an independent coffee house have cropped up and become popular hangouts for locals
Jude Joffe-Block

LAS VEGAS — Like most Southwest cities, the Las Vegas growth model was to expand out, creating sprawling suburbs and quiet gated communities.

But one trendsetting local business – the online shoe company, Zappos – thinks an urban setting would be a better fit for its employees and industry.

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Fronteras
12:00 am
Mon November 28, 2011

Beyond Sprawl: The Southwest Zombie Problem

A solitary manhole cover in a stalled development in suburban Phoenix.
By Peter O'Dowd

PPHOENIX — Homebuilders have long made a living expanding the edges of Southwestern cities. But look around these days and you’ll find construction projects that have screeched to a halt.

Up to 1 million lots in Central Arizona were in some stage of approval for new homes when the market crashed, according to the Sonoran Institute.

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