Saturday, May 9, 2015

Phoenix: Infill trend reflected in rising home prices

Home prices are rising fastest in most of Phoenix's central neighborhoods as the area draws Millennials, families and empty nesters who want to be near jobs, schools, light rail and newer entertainment and restaurant hubs.

Vacant infill sites and older homes and buildings have been transformed into new houses, condominiums and popular entertainment and shopping venues in a trend that escalated during 2014. Buyers also snapped up older homes in desirable areas, driving up median prices.


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