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…
Arizona’s 2024 real estate shows steady prices, rising inventory, slower sales, and strong rental demand amid high rates and shifting buyer trends.
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,…
Arizona real estate investors gain an edge by adopting AI, blockchain, and proptech innovations shaping search, management, fraud detection, and financing.
**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…
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…
**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…
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…
Raffling off a house may seem like a creative solution for selling real estate, especially in a challenging market, but it’s far more complicated — and often illegal — than it appears. In many states, including California, raffling a home without complying with strict gambling and charitable solicitation laws can result in hefty fines or…
Arizona real estate investors face evolving zoning, tax, and housing policies requiring close attention to navigate new risks and opportunities.