A modern-day land rush is under way in the deserts of Arizona and the Southwest as public utilities and speculators vie for vast tracts of public and private land on which to build massive solar-power plants. more…
Phoenix-area bankruptcies more than doubled last month compared with May 2008, fresh evidence that consumer financial pressures are lingering despite improving economic signals.
For the second straight month, the Valley recorded more than 2,000 filings. The May total of 2,042 was up 104 percent from a year earlier and represented the highest year-over-year percentage increase of 2009. more…
An Arizona tribe has cleared a major hurdle toward establishing a reservation and a casino near
As Fannie Mae (FNM) and Freddie Mac (FRE) hemorrhage money at the taxpayers’ expense, Congress on Wednesday began mulling how to remake the mortgage finance giants to prevent future disasters. more…
Phoenix-area realty professionals said the U.S. Department of Housing and Urban Development’s new down-payment-assistance program for first-time home buyers falls short of their expectations. more…
Valley home-building permits jumped in April. It was the first significant increase in single-family home construction in several months. more…
The median price of Phoenix-area homes sold in May rebounded slightly from the previous month despite an increase in home foreclosures, according to the latest data from the Information Market and Cromford Report, local analysis firms. more…