Rumblings in the media hint that rising home prices could be the start of a new bubble, but real estate expert Mike Orr says that researchers who are examining the data don’t believe it. Instead, he says Phoenix is experiencing a market come back. The market continues to be complex, however, with supply constrained and the homebuilding industry cautious. Based on March data for land transactions, the hot area for homebuilding is likely to be Southeast Gilbert, Southeast Mesa and Queen Creek.
May 03, 2013
Drive through Gilbert, Arizona, and its days as the hay capital of the world might seem far in the past.
Each year Urban Land Institute Arizona presents “Trends Day” -- a major event designed for
The Phoenix economy is mending, with indications that its real estate market is the hottest in the nation.