David E. Smith's Blog

Metro Phoenix's median price for an existing home fell in December to $115,000 - comparable to the median home price in 1999. The dip is a new low for the region's housing market since the boom ended. The previous low was $119,900 in April 2009, according to real-estate analyst Information Market...

Artis Real Estate Investment Trust has acquired three properties in the United States and one in Canada for more than $63 million. Winnipeg-based Artis said it paid an aggregate US$52.9 million for three newly constructed office buildings in Arizona, New York and Florida. Meanwhile, the company a...

Since 2008, 11 percent of the single-family homes in Maricopa County, Arizona, have been through foreclosure -- 4 percent in the last year alone. And with moratoriums on foreclosures ending, the new year is expected to start with an uptick in the number of property owners losing their homes. Asso...

The budget proposed by Gov. Jan Brewer includes a $25 million Arizona Competes Fund that the governor can use to craft incentive packages for businesses and investors looking to bring jobs to Arizona. The fund is part of the new Arizona Commerce Authority a public-private group that is replacing ...

More than 11,000 Tucson-area property owners received notice that they'd fallen behind on loan payments last year, numbers from the Pima County Recorder's Office show. The bulk of those are residential delinquencies (see related story on Page D7), but the foreclosure wave has had a drastic impact...

The number of homes for sale in metro Phoenix is declining, a sign that the housing market could start to recover this year. However, foreclosures and short sales continue to dominate the region's home sales. Data from the Arizona Regional Multiple Listing Service show the number of homes for sal...

Buying a home is cheaper than renting in 72 percent of the largest U.S. cities, led by Miami and Las Vegas, as an increase in foreclosures boosts demand for apartments, said real estate data provider Trulia Inc. The cities where purchasing is most affordable include Arlington, Texas, and Mesa and...

Arizona Gov. Jan Brewer applauded Scottsdale Healthcare's new $1.6 million military training center during its grand opening dedication Jan. 19. The 7,500-square-foot Scottsdale Healthcare Military Training Center features high-tech human simulators that bleed and imitate battlefield trauma injur...

SCOTTSDALE, Ariz. - The Arizona Diamondbacks and Colorado Rockies have said adios to Tucson and are ready to move into a state-of-the-art spring training facility in Scottsdale. Finishing touches are being made at Salt River Fields, a complex that features a stadium with 7,000 seats and capacity ...

More than $2 million for a five-year-old Ferrari? It was an auction world record, says the auction house that sold it in Scottsdale, Ariz., over the weekend. The 2006 Ferrari FXX Evoluzione went for $2.1 million in bidding at the Gooding and Co. auction. The single sale was among $14.2 million in...