U.S. home sales increased in July as mortgage rates eased slightly, encouraging more buyers to enter the market. The National Association of Realtors reported that existing-home sales rose 2% from the previous month, reaching a seasonally adjusted annual rate of 5.99 million units. Although mortgage rates were lower than in June, they remained higher than…
As the housing affordability crisis continues to affect Phoenix, city and nonprofit leaders are introducing innovative strategies to combat the shortage of affordable housing. The city’s housing director, Titus Mathew, emphasized that Phoenix is trying to meet its goal of building or preserving 50,000 affordable housing units by 2030. Approaches include converting underutilized buildings into…
Recent Arizona real estate laws increase regulations on short-term rentals, ease zoning for ADUs, cap property tax hikes, and boost incentives for development.
Arizona’s real estate grows through housing, infrastructure, and urban plans amid rising demand and emerging regulatory challenges.
Arizona’s real estate market thrives on new residential projects, infrastructure upgrades, and sustainable urban planning, attracting investors statewide.
Recent economic data suggest Arizona real estate faces modest growth; inflation easing, stable jobs, and steady rates support cautious optimism.
Recent economic data signals easing inflation and stable rates, supporting Arizona’s strong real estate demand amid evolving market conditions.
Recent reports indicate that inflation concerns have resurfaced in the United States, with consumer prices rising more than expected. This renewed alarm comes as Americans continue to face higher costs for essentials such as food, housing, and transportation. Policymakers and economists are closely watching these trends, given their impact on wages, consumer spending, and the…
Former President Donald Trump’s new executive order targeting homelessness could bring substantial changes to how cities like Providence, Rhode Island, address housing insecurity. The order emphasizes stricter enforcement against encampments, expands funding for mental health services, and directs federal land to be repurposed for temporary shelters, aiming to reduce visible homelessness in public spaces. Local…
Arizona’s June 2024 market shows stable prices, rising inventory, slower sales, and strong rental demand amid ongoing population growth.