News items about home prices, mostly in Arizona
Millennials across the U.S. are finding it increasingly possible to balance income and housing costs as more cities become affordable for young professionals. A recent study by Home Bay identified 10 cities where job availability, wages, and home prices are aligning well for the millennial generation. Cities like Pittsburgh, Cleveland, and Oklahoma City top the…
Authorities in Phoenix have arrested a 17-year-old boy after discovering he had been living in a home alongside a decomposing body for several months. Police were alerted when neighbors became concerned about strange smells coming from the house. After investigating, officers found the body of a deceased man in the same residence and determined he…
Arizona’s ongoing housing crisis has intensified under Governor Katie Hobbs, according to critics who argue that her administration has failed to deliver meaningful solutions. Despite acknowledging the issue, Hobbs’ recent vetoes of bipartisan housing reform bills have drawn sharp criticism from lawmakers and housing advocates who view these measures as essential to increasing affordable housing…
A “zombie mortgage” refers to a situation where homeowners believe their mortgage debt has been eliminated—often after a foreclosure, bankruptcy, or short sale—only to discover years later that the lender never officially released the lien or completed the foreclosure process. As a result, the homeowner may still be legally responsible for the debt, accruing interest…
Conservative commentator Ben Shapiro recently took aim at New York City’s housing market, calling it “an absolute mess” due to zoning laws, high taxes, and burdensome regulations. He cited the city’s ongoing affordability crisis and sky-high rents as evidence of policy failure, arguing that progressive leadership has stifled development and driven out the middle class….
If you’re considering retirement and looking for a place rich in charm and natural beauty, Granville, Ohio, may just be the perfect choice. This picturesque town blends New England-style architecture with a thriving community atmosphere, offering retirees a peaceful setting with plenty of amenities. With historic inns, tree-lined streets, and access to nature trails, Granville…
California voters are set to decide on a sweeping measure backed by Democrats that would allow local governments to expand rent control and enact tighter tenant protections. The proposal aims to amend the state’s current laws, which limit rent control policies on residential properties built after 1995. Supporters argue the change is necessary amid the…
During the pandemic, remote workers flocked to sunny, affordable “Zoomtowns” like Phoenix, Austin, and Boise, fueling a real estate boom with soaring home values and bidding wars. These locations, once popular for their warm weather and relatively low cost of living, became hotspots for digital nomads looking for more space and comfort while working from…
A growing debate in housing policy questions whether the federal government should grade states and cities on their zoning laws. Supporters of such an effort argue it could incentivize local governments to ease restrictive zoning practices that limit housing development and drive up home prices. Critics, however, fear a federal grading system could overstep local…
Despite a cooling housing market and declining mortgage applications, home prices remain persistently high due to an unexpectedly low inventory of homes for sale. Many homeowners are choosing to stay put, reluctant to part with low-interest mortgages secured during the pandemic-era rates. This “lock-in effect” has sharply reduced housing supply, which continues to support elevated…