Housing boom in Buckeye could help other Valley communities, experts say

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BUCKEYE, AZ (3TV/CBS 5) -

Beverly and Jim Cooks are thinking about buying a new home in Buckeye, and they're not alone.

"We just thought the way the community is set up - with stores and restaurants - we thought it was a nice idea," Beverly Cooks said. 

Home construction in the city of Buckeye is on the rise with the number of new housing permits up more than 45 percent this year.   

"It's been quiet for more than a handful of years," said Nick Taratsas, a vice president with developer DMB. "Last year was hint of recovery, but this year has been very refreshing for us to see this volume come back, and builders come back."

Buckeye Economic Development Director Len Becker said Buckeye is now the 15th fastest growing community in the country, and there are a number of reasons.

"I think the value, and our proximity to I-10 and two of the largest employers in the state, Palo Verde and Luke Air Force Base," said Becker. "Also, the health care industry. They are all helping draw people to Buckeye."

The city is currently attracting everyone from young professionals to families to retirees.

"I just think it's peaceful out here, away from hustle and bustle of the Phoenix area," Cooks said.

Real-estate experts believe the good news in Buckeye will rub off on other Valley neighborhoods, pushing home prices up and giving the housing market a nice boost.

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