real estate cycle

Endangered Species: the Phoenix (Building) Crane

Arizona Travelogue: Recession Catches Up to PhoenixWhat a difference 2 years makes. The last time I visited Phoenix, “the Valley of the Sun,” all you saw were cranes, cranes, cranes. That, despite the fact by February, 2008, real estate was very much on the downside of its record run, and the nation was already in...
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