Housing market shifts back to metro Phoenix’s core

By Catherine Reagor and Kara G. Morrison | The Republic | azcentral.com

New houses are sprouting up — but not on the usual far-flung lots.

In the heart of metro Phoenix’s core communities, new houses and condo projects are in the works on vacant parcels, in half-built subdivisions and in teardown projects replacing run-down buildings.

Prospective buyers who want to live closer in instead of on the region’s fringes are spurring builders, big and small, to develop infill housing at the fastest pace in Valley history.

By percentage, growth of infill homebuilding is outpacing the rest of metro Phoenix’s new-home market.

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December 28, 2013

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