A luxurious estate in north Scottsdale has shattered records by selling for a staggering $24.1 million, making it the most expensive residential property ever sold on the Arizona Multiple Listing Service (MLS). The nearly 22,000-square-foot mansion, set on over four acres at the exclusive Silverleaf community, features eight bedrooms, 15 bathrooms, a 12-car garage, and…
The Amphitheater Public Schools District in Tucson is considering consolidating several schools due to declining student enrollment and financial constraints. Superintendent Todd Jaeger cited a 22% drop in enrollment over the past decade, resulting in reduced state funding. The district is exploring options such as merging campuses, repurposing schools, or even closing some facilities, with…
Arizona’s 2024 housing market shows steady prices, tight inventory, and rising sales, offering cautious opportunities for investors amid ongoing demand.
Mortgage rates held steady on October 2, 2025, with both 30-year and 15-year fixed-rate loans remaining unchanged. The average rate for a 30-year fixed mortgage stayed at 7.51%, while the 15-year fixed loan held firm at 6.81%. While these rates are high compared to recent years, experts expect continued fluctuations as the Federal Reserve evaluates…
Tech advances like AI, crypto financing, and virtual tours are reshaping Arizona real estate investing for greater efficiency and opportunity.
INFLATION HOLDS STEADY IN AUGUST U.S. inflation remained unchanged in August, matching the predictions of many economists. According to the latest government data, consumer prices continued to rise at a steady pace, indicating that inflationary pressures have not escalated further. This steady trend is seen as a sign that the Federal Reserve’s efforts to manage…
Mortgage rates have continued to rise, despite recent moves by the Federal Reserve to slow inflation by lowering short-term interest rates. The seemingly contradictory trend is largely influenced by longer-term factors, including investor expectations about inflation and economic growth. Mortgage rates are typically tied to the yield on 10-year Treasury bonds, which have surged due…
**Atlanta Fed GDPNow Q3 Estimate Slips to 3.8%** The Atlanta Federal Reserve’s GDPNow model released a new forecast, estimating that U.S. economic growth for the third quarter is now at 3.8%, a slight decrease from its previous projection of 3.9%. This update followed the latest data on wholesale and retail trade, showing ongoing adjustments in…
Phoenix’s housing market is seeing a shift as more homeowners are pulling their properties from the market after struggling to find buyers. Recent data shows a growing number of listings removed from sale, reflecting a loss of confidence amid rising mortgage rates and declining buyer interest. Many sellers, facing lower-than-expected offers or failed sales, are…
Homeowners in Tempe’s historic Maple-Ash neighborhood are voicing strong opposition to a proposed two-story casita, arguing that it would disrupt the area’s character and violate existing zoning rules. The proposed accessory dwelling unit (ADU) would sit behind an existing home, but neighbors are concerned it will set a precedent for denser development inconsistent with the…