Arizona’s real estate surges with major residential projects, transit upgrades, and sustainable planning driving growth and fresh investment opportunities.
Mortgage interest rates held relatively steady as of Friday, October 6, 2023, with the 30-year fixed-rate mortgage averaging 7.61%, up slightly from the day prior. In comparison, the 15-year fixed rate hovered around 6.87%, while the 5/1 adjustable-rate mortgage (ARM) landed at approximately 6.37%. Although rates remain elevated compared to recent years, they are still…
After a homebuyer in Arizona missed the inspection window specified in their purchase contract, questions arose about whether the seller is still obligated to pay for repairs identified later. Generally, real estate agreements include an inspection period during which buyers can inspect the property and request repairs or negotiate credits for any issues found. If…
As climate change accelerates, the U.S. housing market faces growing risk, especially in regions prone to wildfires, floods, and rising sea levels. Research shows billions of dollars in residential property are vulnerable, with markets in areas like coastal Florida, the Southwest, and wildfire-stricken California most at risk. Despite mounting physical threats, many properties in danger…
Arizona’s 2024 rental market sees slower rent growth, rising vacancies, strong demand, and shifting investor focus to suburbs and quality properties.
Recent economic data show Arizona’s real estate market slowing but stable, with steady demand supported by migration and a strong labor market.
Inflation impacts ultra-wealthy individuals in several unexpected ways beyond just rising prices. For one, inflation can actually boost the value of certain tangible assets that the wealthy often hold, such as art, collectibles, and real estate, while diminishing the value of their cash savings. Additionally, higher inflation can complicate tax situations, as gains on investments…
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.