Jesse

Arizona Home Sales

Tempe’s Luxury Living Revealed: Inside the City’s Most Expensive Homes and Growing High-End Market

A recent review of Tempe’s housing market has revealed the city’s most expensive homes currently for sale, with properties on the list featuring luxurious amenities and premier locations. The priciest listing is a lakeside estate on East La Vieve Lane, currently offered for just under $5 million. Other standout properties include a newly built custom…

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Arizona Housing Prices

Arizona’s Housing Crisis Deepens: Prices Surge as Affordability Wanes for Residents

A recent report highlights the ongoing housing affordability crisis in Arizona, where rapid population growth and limited housing supply continue to push home prices higher. The Arizona Housing Coalition found that many low- and moderate-income residents are increasingly priced out of the market, especially in areas like Maricopa County. Despite an increase in new construction…

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Mortgage Interest Rates

Unlocking Opportunities: Mortgage Rates Hit 3-Year Low — What Homebuyers and Investors Need to Know

Mortgage interest rates have recently dropped to their lowest point in three years, offering potential homebuyers and refinancers an unexpected opportunity. This decline comes as the Federal Reserve’s policies and concerns around slowing economic growth have impacted borrowing costs. For those looking to lock in a mortgage, experts advise acting quickly before rates rise again,…

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“Federal Reserve Sounds Alarm: Inflation Set to Burn Bright for Seven More Years—What This Means for Arizona Real Estate Investors”

**Federal Reserve Warns of Prolonged Inflation** According to a recent study by the Federal Reserve Bank of Cleveland, high inflation rates may linger for more than seven years following the COVID-19 pandemic. The report points out that inflation, which began accelerating in 2021 due to supply chain disruptions and increased consumer demand, might not return…

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Mortgage Interest Rates

Steady Starts: Mortgage Rates Hover Near 7%, Shaping the Future of Homebuying and Investing

Mortgage rates remained relatively stable to start the week, with the average 30-year fixed mortgage rate hovering near 7%. This steadiness comes despite recent fluctuations in the bond market and growing anticipation around upcoming inflation data. As the Federal Reserve continues its efforts to bring inflation under control, homebuyers are navigating a market where affordability…

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Puerto Rico’s GDP Surges 3% in 2023: A Powerful Economic Comeback with Global Investment Implications

**Puerto Rico’s GDP Rebounds in 2023** Puerto Rico’s economy saw a resurgence in 2023, with Gross Domestic Product (GDP) growing by 3%, according to recent government data. This marks a reversal from the previous year’s 2% decline and reflects improvements in several key sectors, including manufacturing and services. The positive performance was attributed in part…

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Arizona Home Sales

Map Reveals America’s Priciest College Towns: Stanford, Harvard, and More with Homes Over $3 Million

A new map highlights which U.S. college towns have the highest home prices, revealing that cities with prominent universities often come with costly real estate markets. According to the report, Palo Alto, California—home to Stanford University—boasts a median home price of $3.1 million, topping the list of most expensive college towns. Other pricey locations include…

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