From the suburbs to the exurbs: public records show cyclical nature of growth
by Philip Haldiman | Independent Newsmedia
It’s all about affordability when it comes to housing.
There was a time when families flocked to the suburbs — places like Peoria and Chandler — to raise a family in homes big enough to grow older comfortably.
Nothing has really changed since then, except now families are moving farther out, past the suburbs to the exurbs — places like Buckeye and Florence.
Real estate analyst Jim Belfiore said the farther you go out, the more housing is bursting at the seams. Over the last 12 months, supply and demand are up 29 percent in the exurbs, while demand closer in is flat, down 3 percent, he said.
