article thumbnail

These Oversupplied Metros Could See Major Price Drops by Late 2024

Pro Builder

Formerly red-hot housing markets such as Seattle, Phoenix, San Francisco, and Austin, Texas, have seen substantial increases in inventory, and as a result, each metro is expected to see a double-digit price correction by late 2024. decline in home prices for 2023.

Metro 95
article thumbnail

7 ways multifamily designers can promote wellness in urban communities

BD+C

Property Markets Group | X Phoenix. X-Phoenix pushes the boundaries of what wellness means—spaces that address both the body and the mind. Property Markets Group | X Phoenix. Through offering various events that appeal to many tastes and skill levels, these wellness rooms also build community—fostering well-being for residents.

Design 59
professionals

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

Promoting wellness in urban communities

BD+C

Property Markets Group | X Phoenix. X-Phoenix pushes the boundaries of what wellness means—spaces that address both the body and the mind. Property Markets Group | X Phoenix.

Phoenix 59
article thumbnail

These Pandemic Boomtowns Are Cooling Down in 2023

Pro Builder

and that sudden cooldown isn’t just the result of recent banking turmoil or a shaky stock market. In Phoenix, 70% of for-sale homes had a price drop in February, compared with 21% a year earlier—the second-biggest uptick in the U.S. Along with house hunters in other parts of the U.S.,

article thumbnail

These Metros Will Be the First to See Prices Fall in a Market Correction

Pro Builder

In 2023, Goldman Sachs expects double-digit home price declines in major markets like Austin (-15.6), San Francisco (-13.7%), San Diego (-13.4%), Phoenix (-12.9%), Denver (-11.4%), Seattle (-11.2%), Tampa (-11.2%), and Las Vegas (-11.1%). Indeed, through November, Austin is down 10.4% from its 2022 peak home price.

Metro 52
article thumbnail

Burns & McDonnell is ENR Southwest Design Firm of the Year

ENR Construction

National firm has developed presence in the Southwest through the Phoenix office’s dedication to clients and banking on solar.

Phoenix 28
article thumbnail

Direct Energy To Open New Call Center In Tempe, AZ

Buisness Facilities Contributed Content

With the new call center to be located in Tempe, Direct Energy will expand its Phoenix regional base and employ an additional 250 to 300 people, creating new jobs in the Greater Phoenix (GPEC) region. ” Direct Energy will move into the new facility in February. .”

Phoenix 49