Are we there yet? Metro Phoenix home prices near 2006 record

Could June be the month metro Phoenix home prices rebound to the record they hit in 2006? A new analysis of pending sales in the Valley shows prices are nearly there. In May 2006, metro Phoenix’s median home price hit $259,900. Then in June, it set a record at...

Queen Creek annexation proposal divides San Tan Valley

SAN TAN VALLEY — A map for the annexation of the Encanterra gated community and the surrounding neighborhoods has been submitted to the town of Queen Creek. The map is included as part of a pre-application by Encanterra resident Leah Gumm that includes an area...

Mesa City Council Approves Initial Agreement to Bring ASU Downtown

The Mesa City Council approved the first step in bringing Arizona State University downtown. This agreement was voted by the Council during a meeting Monday night that drew opponents worried about what it will cost the city. The agreement passed on a vote with 5-2....

Lennar, CalAtlantic Strike Deal to Create Largest U.S. Home Builder

Combined company will be one of the top three home builders in 24 of the top 30 U.S. markets Lennar Corp. will buy CalAtlantic Group Inc. in a $5.7 billion deal that will create the country’s largest home builder by revenue, the companies said Monday. Under the terms...

Maracay Homes Closes on 91 Homesites in East Valley

Maracay Homes, a wholly owned company of the TRI Pointe Group (NYSE: TPH), closed on two land purchases in Phoenix’s East Valley this month, totaling approximately $5.9 million.  The parcels, located in Queen Creek and Mesa, will be developed into new, single-family...