$575 Million Astra Skyscraper Project Set to Transform Phoenix’s Downtown Skyline

(Information accurate as of July 26, 2023)

$575 Million Astra Skyscraper Project Set to Transform Phoenix’s Downtown SkylinePhoto byKelly Cook

In this video, we will discuss various aspects of the housing market, particularly in Phoenix, Arizona. There is a significant number of apartments set to be delivered nationally, which might lead to oversupply issues in some areas. Additionally, there is excitement about the construction of a new skyscraper in downtown Phoenix called Astra, which is expected to be the tallest building in the city. The video also touches on topics like inflation, small business optimism, and a new water park at the JW Marriott Phoenix Desert Ridge Resort and Spa. Despite the slower housing market in July, the speaker emphasizes the resilience of the Phoenix real estate market, with prices continuing to rise. They suggest that it might be a good time to buy for those with a long-term exit strategy.

Overall, the video provides insights into the current state of the housing market and development in Phoenix, as well as some broader economic trends like inflation and small business sentiment.

Kelly Cook has been a licensed Realtor in the Phoenix Valley for over 18 years and is the Team Lead of Cook & Associates Real Estate Advisors! Kelly Cook and his team of 25+ agents can be reached through email at info@cookandassociatesaz.com or by phone at (480)442-9868. Visit our website at www.myhomevaluecalculator.com to find out your home’s value.