Belfiore expects 2020 to end with 31,000 housing permits; optimistic about future job growth
Regional real estate expert Jim Belfiore expects to see the Phoenix housing market to end 2020 with 31,000 new construction permits.
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Phoenix among list of top 10 projected housing markets in 2021
Phoenix was projected to have the sixth-best housing market in 2021 with an influx of retirees and millennials flocking to the dry desert heat of Arizona’s capital.
Read MoreArizona sees population gains as California sees first-ever drop, Census estimates show
Arizona’s population continues to surge as people move to the state in droves.
Read MoreTaiwan Semiconductor launches $38B Phoenix presence by signing major lease
Less than one week after Taiwan Semiconductor Manufacturing Company (NYSE: TSM) secured 1,129 acres of land to build a $12 billion factory in North Phoenix, the company moved forward with its official market entry with a 46,735-square-foot office lease. Located at the two-building Canyon Corporate Plaza office campus in Phoenix, the deal marks one of the largest office commitments to sign in the Valley since the start of the COVID-19 pandemic.
Read MoreValley Metro receives $50.4 million in federal grants for northwest light rail extension
The Federal Transit Administration has allocated $49.4 million in Capital Investment Grants to Valley Metro for construction of the second phase of the Northwest Light Rail Extension project, and a $1 million grant for planning the project.
Read MorePeople are migrating to these cities amid Covid-19: LinkedIn
On Dec. 8, billionaire Elon Musk confirmed that he moved to Austin, Texas from California. And amid the pandemic — which has made it clear that many corporate people can work successfully remotely — there has been much talk among the rich and successful in cities like San Francisco and Manhattan about moving to cheaper places with a better quality of life.
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