Phoenix Housing Articles

Here are some recent housing articles on Phoenix:

http://www.azcentral.com/business/articles/1016biz-AZresale16-ON.html

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http://www.azcentral.com/business/articles/1015biz-economy1016.html

Housing worries generally optimistic Valley experts

Betty BeardThe Arizona Republic Oct. 15, 2007 05:48 PM

"Brutal" and "perfect storm" are some of the descriptions local economists now use to describe economic conditions in Maricopa County.

While things could get worse before they get better, the economists said the area also has a diversified economy and continued job growth that will keep the climate from getting overly gloomy.

Governments are already noticing that spending is slowing down because of sales tax revenues at the state and county levels, said speakers addressing the Maricopa County Economic Forum Monday.

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http://www.builderonline.com/industry-news.asp?sectionID=26&articleID=591487

Ashton Woods Hit Hard By $10.6 Million Quarterly Loss
Atlanta-based builder is focusing on cutting costs and generating new orders through sales incentives.

During the quarter, the average sales price of this builder's homes fell 7.9 percent, to $270,000, with the biggest dip - 33.3 percent - in the Phoenix market, to $305,000. "Phoenix is one of the more depressed [housing] markets, with a tremendous price problem," Krobat told BUILDER during an interview earlier this month.

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http://www.eastvalleytribune.com/story/99713

Gilbert Esplanade sold

David Woodfill, Tribune

Developers of the planned Gilbert Esplanade have sold the property, becoming the second builder of a major retail center to announce an ownership change in less than a month.

Officials with Phoenix-based De Rito Partners said they decided to sell the site at Gilbert Road and the Loop 202 Santan Freeway to an Ohio-based firm when it was unable to fill an anchor space.........

Dawn McLaren, a research economist with the W.P. Carey School of Business at Arizona State University in Tempe, said retail developers are feeling the new realities in the housing market. “Things have changed in Arizona, she said”