Homebuyers are finally catching a break in certain parts of the U.S., as housing affordability improves in six metro areas where wages are rising and home prices are stabilizing or even falling. According to a recent report from real estate brokerage Redfin, these cities — including Phoenix, Austin, and Las Vegas — are seeing a…
Arizona rents stabilize with rising vacancies; demand stays strong in affordable segments amid new supply and shifting renter preferences.
Recent data show eased inflation, steady jobs, and rising confidence, suggesting moderate growth and strong opportunity in Arizona real estate.
Turkey’s economy is entering a week focused on the release of key economic indicators, including gross domestic product (GDP) and inflation data. Market participants are closely monitoring these figures to gauge the country’s economic momentum, especially as policymakers strive to balance growth with price stability. The upcoming data is expected to offer insights into how…
Phoenix home prices are expected to decline in the coming months, according to a recent forecast by Goldman Sachs. The financial firm predicts a roughly 3% drop in the Valley’s median home prices during the rest of 2024, citing high mortgage rates and decreased buyer activity as the main drivers. While the market has seen…
Homebuyers in several U.S. cities are seeing a boost in purchasing power, thanks to recent declines in mortgage rates and home prices stabilizing in some markets. According to new data, cities such as Phoenix, Las Vegas, and Austin are experiencing conditions where price drops and wage growth have made homes slightly more affordable. For example,…
Arizona’s real estate remains stable with steady prices, rising inventory, and selective buyer activity amid evolving market conditions.
Mortgage interest rates have continued to show signs of improvement, with rates for both 30-year fixed and 15-year fixed mortgages falling slightly compared to last week. The average 30-year fixed mortgage rate is now hovering around 6.87%, providing a bit of relief to potential homebuyers facing the ongoing affordability challenges in the housing market. While…
Arizona real estate evolves as AI, apps, and blockchain boost investor speed, insights, and efficiency amid rising tech and data privacy demands.
**Inflation Remained Mostly Level in July** Inflation in the United States held largely steady in July, as reported by the latest Consumer Price Index data. Although overall price increases were modest, certain categories such as rent and car insurance experienced higher costs, partially offset by drops in areas like used vehicles and airline fares. The…