Spurred By Rising Prices, Phoenix Undergoes A New Housing...

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New homes line a street at the Pulte Homes Fireside at... Fotografía de noticiasArizona,Calle,Civil,Desarrollo,EE.UU.,Finanzas,Horizontal,Negocio,Nuevo,Oficio,Phoenix - Arizona,Sector de la construcciónPhotographer Collection: Getty Images News 2013 Getty ImagesPHOENIX, AZ - MARCH 05: New homes line a street at the Pulte Homes Fireside at Norterra-Skyline housing development on March 5, 2013 in Phoenix, Arizona. In 2008, Phoenix, Arizona was at the forefront of the U.S. housing crisis with home prices falling 55 percent between 2005 and 2011 leaving many developers to abandon development projects. Phoenix is now undergoing a housing boom as sale prices have surged 22.9 percent, the highest price increase in the nation, and homebuilders are scrambling to buy up land. (Photo by Justin Sullivan/Getty Images)