By Trey Garrison | HousingWire
Despite expected rises in interest rates and home prices over the next two years, housing will be affordable and, if Capital Economics is right, a little undervalued.
“The upshot is that the recovery in the housing market will continue. But with price growth likely to level off at subdued levels by the standards of recent years, investors will have to pick their opportunities increasingly carefully,” says Paul Diggle, property economist with Capital Economics.
Also: Delta Corporation buys 15 acres near key Chandler locations for mixed-use development
Cassidy Turley announced Monday the sale of 15.35 acres of commercial land at the southeast corner of Frye Road and Ellis Street in Chandler, Ariz., for $2.75 Million ($4.11 per square foot).
Chandler-based Delta Frye, LLC, dba The Delta Corporation plans to develop a mixed-use project on the site. The project is well-located in the Southeast Valley near Chandler Regional Hospital, Chandler Fashion Center and adjacent to the Bank of America Campus.
Delta purchased the property from Tulsa, OK-based BOK Financial Corp.
