Pollack: Valley housing — a market on fire
The housing market is clearly on fire and demand is outstripping supply. The number of single-family homes available for sale is less than a one-month supply.
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News
PROVISION moving into 7th Street corridor
PROVISION, specialty coffee roaster, cocktail bar, and eatery located in the Arcadia neighborhood, just leased its second location. The popular local coffee concept will be the newest addition to the 7th Street corridor, already home to Phoenix restaurant mainstays like The Yard, Mora Italian, Stock and Stable and more.
Read MoreTop 10 states people are leaving and moving to Arizona
U-Haul customers have spoken, well actually thousands have moved, and Arizona is among the top 5 destinations for one-way moving trucks. Trends data compiled from more than two million one-way U-Haul truck customer transactions in 2020 found Tennessee, Texas, Florida, Ohio and Arizona were the most sought-after states. So there are a lot of people moving to Arizona.
Read MoreDowntown Phoenix will soon have more restaurants than before pandemic
With many offices still working remotely, Arizona State University offering virtual class options and a limited number of fans allowed to attend Suns and Diamondbacks games, thousands of people haven’t been to downtown Phoenix in more than a year.
Read MoreHomebuilder permits up 37% year to date; here’s the Valley cities with the biggest gains
New homebuilder permit data shows exactly how scary it was for homebuilders at the beginning of the coronavirus pandemic.
Read MoreArizona’s job growth to outpace the nation for next decade
Arizona is expected to add nearly 550,000 jobs between 2019 and 2029, barring any further major economic or political disruptions, according to a study released May 6 by the Arizona Office of Economic Opportunity.
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