The Future of Arizona Real Estate Unlocking Opportunities Through Emerging Proptech Innovations
Recent proptech advances are transforming Arizona real estate, boosting search, management, financing, and investment insights statewide.
Read More
Urgent Recall at Bureau of Labor Statistics to Finalize September Inflation Report—What Arizona Real Estate Investors Need to Know
**Bureau of Labor Statistics Recalls Workers to Prepare Key Inflation Data** The Bureau of Labor Statistics (BLS) has requested that some employees return to work, despite ongoing government funding uncertainties, in order to finish gathering and analyzing data for the upcoming September inflation report. This crucial inflation data is watched closely by policymakers and economists,…
Mortgage Rates Edge Up to 7.37%: Navigating Homebuying and Investing in a Fluctuating Market
Mortgage rates have seen slight fluctuations, with the average 30-year fixed mortgage rate currently sitting at 7.37%, up slightly from the previous day’s average. At the same time, 15-year fixed mortgage rates are averaging 6.67%. Homebuyers continue to face challenges from both high interest rates and elevated home prices, making affordability a key issue in…
Devaluation vs Inflation: Understanding Their Impact on Currency, Economy, and Arizona Real Estate Investing
**Devaluation vs Inflation** Devaluation and inflation are two key economic concepts that can impact the value of a country’s currency and the purchasing power of its residents. Devaluation refers to a deliberate downward adjustment of a country’s currency value relative to other currencies, often executed by the nation’s government or central bank. This is typically…
Florida Developer Ordered to Pay $300M After Abandoning Arizona Real Estate Deal—Court Finds Breach of Contract
A Florida-based real estate developer has been ordered by a court to pay $300 million in lost profits after backing out of a major development deal in Arizona. The decision comes after the developer withdrew from the agreement, a move the court found to be a breach of contract, resulting in significant financial losses for…
Arizona Supreme Court Expands Self-Defense Rights Inside the Home: Ruling Sets New Legal Precedent for Domestic Self-Protection
The Arizona Supreme Court has ruled that the state’s self-defense laws apply inside the bedroom, setting a precedent for future cases involving claims of personal protection within the home. The decision came in response to a case where a woman fatally shot her partner during a domestic dispute and claimed self-defense. The court emphasized that…
Arizona’s Real Estate Market Heats Up: Massive Developments, Infrastructure Advances, and New Investment Opportunities Emerging
Arizona’s real estate surges with major residential projects, transit upgrades, and sustainable planning driving growth and fresh investment opportunities.
Mortgage Rates Steady but Elevated: What Arizona Investors Need to Know in October 2023
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…
Missed the Inspection Window? Learn Your Rights and Seller Responsibilities in Arizona Home Sales
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…
Climate Crisis Sparks Real Estate Alarm: Billions in U.S. Properties at Risk from Wildfires, Floods, and Rising Seas
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…