Seeking Info on The Current Phoenix, AZ Marketplace...

[Steven M.]

I am a Land Use/Land Impact Analyst in Los Angeles. I have some clients that have expressed interest in perhaps purchasing and developing raw land in the greater Phoenix area for spec building. They are aware of the significant increase in homes prices, bidding wars of homes, low inventories, lower unemploymentm etc. etc. I thought I'd throw out some feelers here on BP and ask if anyone living there has actually seen "rare sightings" (I'm being a bit clever) and a recent surge of new homes being built for spec in and around the Phoenix metro. I was wondering if the market has reached the "extreme measure" where you actually see NEW homes going up (and more than a few) as you have driven around in the past few months. Thanks in advanced for your market intel and watchful eye.