A Phoenix neighborhood mourns the potential loss of its character.
Arizona Real Estate After The Great Recession
It’s almost impossible to overstate the impact, positive and negative, that real estate and construction have on Arizona’s economy. When the Great Recession hit, the Valley’s housing market was pummeled. Foreclosures popped up all over, destroying many neighborhoods.
Now housing prices are climbing back, but who is buying houses and has momentum already slowed?
George Mason University finance Professor Anthony Sanders. He has taught at the University of Chicago and Arizona State University among other places.