During the Great Recession, whole neighborhoods in Phoenix were left half-built or mostly vacant. But now developers are buying these lots to keep up with the high demand for housing. The market isn't where it should be, but it's better than it was two years ago, one real estate agent says.
Source: http://www.npr.org/2013/06/28/195271567/in-phoenix-zombie-subdivisions-rise-from-the-dead?ft=1&f=1006
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