It sure looked like a party: The narrow streets of a
Johnson Carlier, a Tempe commercial contractor, is defying conventional market wisdom by starting a luxury home division. The decision to build 10,000-square-foot-plus homes in the $3 million to $20 million range “is something we’ve been talking about for years,” said Chris Johnson, chairman and CEO. More…
A Phoenix developer has big plans to build one of the largest mixed-use projects along the new light rail line. More…
NEW YORK - Wall Street and stock-market investors in general aren’t feeling much love for Ben Bernanke these days. Stocks plunged last Tuesday after the Federal Reserve chairman and his fellow Fed policymakers cut interest rates by a quarter-point, disappointing those hoping for a half-point reduction. More…
As the housing industry grapples with sagging sales, rising foreclosure rates and a credit crunch, commercial-real-estate professionals are keeping a close eye on the land market. More…
Last weekend, 2,000 people showed up to bid at, or at least to watch, an auction for more than 200 Valley homes on which lenders had foreclosed. More…
WASHINGTON - People taking out home mortgages may gain new protections soon against shady lending practices as the Federal Reserve seeks to back even the riskiest borrowers, already hit hardest by the housing and credit crunches. More…
A small community of northeast
NORTHEAST VALLEY - It is called the Cave Buttes Recreation Area, but not a lot of recreation goes on there. The 1,600-acre area, situated northwest of the intersection of Cave Creek and Jomax roads in northeast
Goodyear endorsed four housing projects this week, setting the stage for about 900 new homes. The largest development is Levinson 160, which would have 422 homes southwest of Lower Buckeye and Citrus roads. More…
“Think globally, act locally” was the mantra of the environmental movement in the late 1960s. Today, retailers have a new twist: Think globally, buy locally. More…
Scottsdale planners have raised a long list of objections to the revised plans for Waterview at
NORTHEAST VALLEY - A large Desert Ridge parcel passed its first step toward development last week, but if history of similarly large parcels is any indication, it could be years before the first house is sold. For evidence, look to the east side of Desert Ridge. More…
Anthem’s developer is transitioning community control to its homeowners. The process was triggered because most of the homes have been sold in the unincorporated community, north of
The Bidwill family’s planned business park just south of University of
NEW YORK - If the government really wants to stop home foreclosures from surging, here’s a simple plan: Boost Americans’ income, put more funding toward medical research and insist on marriage counseling for all. And then start buying up land to raise housing prices. More…
Pinal
WASHINGTON - Legislation to help borrowers get federal backing on home loans comes at a key time. An estimated 2 million to 2.5 million adjustable-rate mortgages are scheduled to reset in the next year, jumping to much steeper rates that could cost borrowers their homes. The wave could crest during the presidential and congressional election campaigns next year, and politicians have been wrestling with what the government’s response should be. More…
LONDON - Dave and Nicole Anderson had planned to usher in the New Year in a new, larger home - an upgrade made possible by the sale of their two-bedroom apartment in the British capital. More…
Median prices fell to their lowest level in 2½ years as the number of housing resales slowed to a crawl in November. The median price in the Phoenix area fell 7 percent to $240,000 in November, compared with $259,000 a year earlier. That’s the lowest median since $235,000 in May 2005, according to