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Sinopsis

The Arizona governor is calling for new limits on construction in the Phoenix suburbs due to a dwindling supply of groundwater. Governor Katie Hobbs announced a pause on new subdivisions that don’t have a proven source of water. The policy comes after an analysis that says the supply of groundwater will fall short of demand over the next 100 years.   Hi, I'm Kathy Fettke and this is Real Estate News for Investors. Please remember to subscribe to this podcast and leave us a review.   Growth Putting Pressure on Water Supply   Phoenix is the 5th largest city in the U.S. with more than 1.6-million people, but the entire metro area has closer to 5-million people. Those suburbs and outlying areas are also growing rapidly, and putting more and more pressure on groundwater supplies that do not replenish rapidly, especially during times of drought.   The city’s groundwater analysis involved tests on more than 40,000 wells, along with the testing of aquifers and streamflows. Those tests show that water levels will fall