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…
Mortgage rates, which surged in 2023 to the highest levels in over two decades, are expected to continue gradually falling through 2025. While economic uncertainty and inflation pushed the 30-year fixed rate above 7% in late 2023, forecasts suggest that by fall 2025, average rates could settle between 5.5% and 6.5%, assuming successful taming of…
**Gross Domestic Product (GDP) and Corporate Profits – Q2 2025 Update** The U.S. Bureau of Economic Analysis released its second estimate for gross domestic product (GDP) growth in the second quarter of 2025, revealing that real GDP increased at an annual rate of 2.3 percent. This growth primarily reflected increases in consumer spending, nonresidential fixed…
An employee at an Arizona drug and alcohol rehabilitation facility has been accused of illegally buying homes that previously served as sober living environments. Authorities allege the employee took advantage of vulnerable individuals who were struggling with addiction, transferring ownership of the properties under suspicious circumstances. The investigation revealed instances where paperwork was allegedly falsified…
A California real estate developer has been sentenced to six years in federal prison after admitting to bribing a Los Angeles County official with cash, concert tickets, and other benefits in exchange for help securing approval for a major residential project. The developer, David Lee, pleaded guilty to participating in a pay-to-play scheme involving former…
Arizona’s real estate market evolves rapidly with new housing policies, zoning changes, tax proposals, and sustainability incentives shaping investor strategies.