Residential

Arizona Hasn't Fully Recovered From Recession

As the U.S. economy enters its ninth year of expansion this month, many Americans feel the recovery has been incomplete — and the numbers back them up. Five states — Arizona, Connecticut, Mississippi, Nevada and Wyoming — still haven’t regained their levels of gross domestic product from before the financial crisis, more than five years after the country as a whole hit that milestone. Eight states are below prerecession levels

Scottsdale-based Clayton Nash Real Estate Expands Into Texas

Via azbigmedia.com Arizona-based real estate brokerage Clayton Nash Real Estate expands to Texas with a new office in Houston. Clayton Nash Real Estate is a new technology-focused real estate firm offering agents an unprecedented marketing program that includes time saving programs for agents, cutting edge lead generation and sales technology with ongoing sales training and support that puts both real estate agents, homebuyers and sellers ahead of the curve. Houston

Only 2.5% of Tucson Homes Have recovered Pre-recession Values

Via bloomberg.com You can’t blame a homeowner in Fresno, California, for viewing the thriving metropolis to its northwest with both envy and dismay. While San Francisco home values have surged since the recession, Fresno’s housing market is stuck in a rut. Less than 3 percent of homes in the city and its environs have returned to their pre-recession peak, according to a new study from Trulia. Median home values are a teeth-clenching $78,000 below their pre-recession

Marana Planning Commission Moves Lazy K Plan Forward

Via tucson.com For the third time since 2014, Marana’s planning commission has voted to recommend approval for a controversial plan to turn a historic dude ranch into a 178-home subdivision. But this time, the advisory board’s Wednesday night vote — which is only a recommendation to the Town Council — was not unanimous. Eighteen members of the public addressed the commission about the plan to rezone the Lazy K Bar

Steve Nash's Home

Via usatoday.com Steve Nash has been waiting nearly three years to sell his Paradise Valley, Ariz., home, but on Friday, the former NBA star received some good news. Nash’s home sold last week for $3.175 million after spending time on and off the market since 2014, according to Redfin. The house itself is quite spectacular. The entire five-bedroom estate is 6,584 square feet and includes a separate guest house, pool,

Via washingtontimes.com The southern Arizona city of Casa Grande is taking steps to address problems associated with thousands of unfinished lots, which are often known as “zombie developments,” where construction came to a standstill after the housing market collapsed. The city Planning and Zoning Commission is seeking a change to city code that extends the amount of time developers have to complete streets, sidewalks and water and sewer systems from

As Market Heats Up, Millennials See Barriers To Buying Home

Via azbigmedia.com Millennials are getting older and the generation that has shown a preference for renting are now starting to buy their first homes. The only problem though, is that they might not be able to afford their first home, forcing Millennials to either rely on tough funding methods, or completely missing the time to buy. Homeowner rates for ages under 35 have decreased nationally by 4.5 percent since 2010

Maricopa County Boomed In 2016 And Pinal Benefitted From Echo

Via azcapitoltimes.com Maricopa County added more people last year than any other county in the nation, but it was neighboring Pinal County that posted the fastest growth rate in the state, a beneficiary of overflow from its neighbor to the north. The Census Bureau said in a late March population report that Arizona added 113,506 people from July 2015 to July 2016, with 81,360 of those people moving to Maricopa County –

Nonresidential Construction Is A Bright Spot In Jobs Report

azbigmedia.com The nonresidential construction sector added 13,300 net new jobs for the month, while the residential sector lost 7,600 net jobs. “While today’s jobs report will be viewed primarily as a disappointment, nonresidential construction remains a bright spot, adding 13,000 jobs,” said ABC Chief Economist Anirban Basu. “Nonresidential construction’s growth is impressive given March’s colder weather, but it represents a slowing from the first two months of the year, when

6 things to know when developing on tribal land

Via azbigmedia.com by Jesse A. Millard Developing on tribal land can be a complex process with many moving parts. Developers will have to work with the federal government, its (slow) speed, regulations and the rules and laws of the tribe to make something happen. Pilar Thomas, of counsel at Lewis Roca Rothgerber Christie’s tribal lands practice group, says there are exceptional development opportunities on tribal lands, and developers should be patient,