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Is a U.S. Housing Bubble About to Pop?

Pro Builder

High demand from first-time buyers will likely prevent home prices from plummeting, but popular markets such as Austin, Texas; Phoenix; San Diego; and Boise, Idaho, could see significant price drops in the year ahead, especially if housing supply remains historically low. . Market Data + Trends. Market Data + Trends.

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Return to Work Begins to Impact Housing Demand

Pro Builder

You definitely need to double income, triple income in order to qualify for the mortgage,” Zakinova said. Buyers that are getting bid out or can’t afford a home in this market, are turning to rentals or staying on the sidelines, Bruno Aropovia, a realtor in Phoenix said. Read More. . Multifamily. Market Data + Trends.

Housing 52
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How This Arizona Luxury Home Builder Is Making a Move to Diversify

Pro Builder

The first 12 rental homes, featuring a backyard and a garage, were built in 2020 in Phoenix and were rented within 30 days after completion. It was increasingly difficult to find land that wasn’t being bid on by multiple big, national builders. Arcadia Communities' Pomelo model home at Citrus Square, in Phoenix. |

Arizona 78
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Builder of the Year Ivory Homes' Innovation Agenda

Pro Builder

Having witnessed income and social class inequities entrenched by corruption on their European mission, and a system in which government officials and business entrepreneurs rarely collaborate to solve civic and social problems, the Ivorys recognized the seeds of similar dynamics in their own backyard. See past Builder of the Year winners.