A proposed bill that would allow active churches and other religious institutions to build affordable housing on their land has received new language that could benefit Paradise Valley, which prides itself on its single-family, 1-acre lot standards.

While interest rates continue to negatively impact affordability for first-time homebuyers, the luxury segment is on fire in metro Phoenix.

The economy continues to grow steadily, with a strong job market and low unemployment. However, inflation is still somewhat high.

Two of the nation's largest homebuilders are scooping up West Valley land to prepare to work on homes in a huge master-planned community.