May 6, 2024 6:21 am
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Where Arizona real estate is headed – growth over the next 24 months

growth

  • Builders are now underwriting to Two Types of Land:  Infill, Higher Density in Infill Locations.  More of these projects will open over  the next 18 months than opened cumulatively from 2008 through 2012 & Builders.  And, Builders are heading back High Growth Emerging Market Areas.
  • Forward Planners, Market Analysts, Site Planners, and Brokers are spending more time studying the feasibility and planning communities in Buckeye, San Tan Valley, Florence, Maricopa, Casa Grande, and Coolidge.
  • Permit issuances are up significantly in these market areas.
  • Jim Belfiore, President of Belfiore Real Estate Consulting,  says:  “More housing demand and dwindling land don’t mix well.  Our homebuilders are being forced to be more creative, and their being forced outward for economies of scale.  The Phoenix housing market is transforming back into the dynamic marketplace it was before The Great Recession”.
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Rose Law Group Reporter, which provides Dealmaker’s content and service, is contracted by Rose Law Group. Rose Law Group is a full service real estate and business Law Firm practicing in the areas of land use/entitlements, real estate transactions, real estate due diligence/project management, special districts, tax law, water law, business litigation, corporate formation, intellectual property, asset protection, data breach/privacy law, ADA compliance, estate planning, family law, cyber-law, online reputation and defamation, lobbying, energy and renewable energy, tax credits/financing, employment law, Native American law, equine law, DUIs, and medical marijuana, among others. The views expressed above are not necessarily those of Rose Law Group pc or its associates and are in no way legal advice. This blog should be used for informational purposes only. It does not create an attorney-client relationship with any reader and should not be construed as legal advice. If you need legal advice, please contact an attorney in your community who can assess the specifics of your situation.