An investment firm controlled by Bill Gates recently purchased a large tract of land in west Phoenix for $80 Million. The 25,000 acres will become a housing development called Belmont. It is 25 minutes west of downtown Phoenix, off of I-10 near Tonopah. The proposed community will be built as a “smart city” with advanced […]
Phoenix Area Home Prices Up Over 30%
During the past 12 months, the average price for a Phoenix home has risen 34 percent. Homeowners have now gained over half their home’s value that was lost when the housing bubble burst. At the end of 2012, the average home price in Phoenix was $164,000. In 2011, the average home price was $122,500. There […]