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The Pinal County Fairgrounds occupy a large tract just south of the intersection, as did a dirt track auto racing venue. In the 1970s, an upper-middle class housing development and golf course was built and called Tierra Grande. A resort hotel was planned but never built, and the development today is largely lower-middle class and subsidized ...
The effects of the recession and the savings and loan crash resulted in a massive crash of real-estate values in the Phoenix market. Congress created the Office of Thrift Supervision and the Resolution Trust Corporation (RTC) was established. Nationwide, the RTC closed 747 S&Ls with assets of over $407 billion.
The hybrid-work trend and high interest rates have sent commercial real estate values crashing in major cities, with Morgan Stanley warning earlier this year that office prices could face a 30% ...
1985–1991: Savings and Loan Crisis caused by rising interest rates and over development in the commercial real estate sector, and exacerbated by deregulation of savings and loan lending standards and a reduction in capital reserve requirements from 5% to 3%. [citation needed]
Housing economists point to five main reasons that the market will not crash anytime soon: low inventory, lack of new-construction housing, large amounts of new buyers, strict lending standards ...
Up Next: Become a Real Estate Investor for Just $1K Using This Bezos-Backed Startup Housing expert Graham Stephan recently told his 4.75 million YouTube subscribers that a housing crash may be ...
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