News items about home prices, mostly in Arizona
Just over a quarter of Arizona’s newest residents are members of Gen Z, and the Grand Canyon State is the second most-attractive state for movers from that age group, according to a new report.The latest U.S. Migration Trends report from StorageCafe found that Arizona added 22,309 Gen Zers through net migration in 2023, which was…
The U.S. housing market was already struggling under the weight of high mortgage interest rates, a low supply of existing homes for sale and historically high home prices.Now tariffs on building materials are adding even more pressure.Roughly 30% of softwood lumber consumed in the U.S. is imported, largely from Canada. Wallboard, known as gypsum, is imported from Mexico. The…
With rents and home prices skyrocketing in the Grand Canyon State, renters received some relief as the state Legislature’s repeal of the residential rental tax went into effect on New Year’s Day. According to Arizona State University, rents have skyrocketed by 72% recently, partly because of a statewide housing shortage of over 65,000 units. Rather…
A sweeping proposal that would strip larger Arizona cities and towns of the right to set standards for single family home lot and building sizes and bar their ability to set design standards is back with minor changes after Gov. Katie Hobbs vetoed a similar bill last year.Rep. Leo Biasiucci’s effort to address Arizona’s housing…
Bob Christie Capitol Media Services PHOENIX — After a veto, a sweeping proposal to change housing rules is back at the Legislature with only minor changes.It would strip larger Arizona cities and towns of the right to set standards for single-family home lots and building sizes, and would bar them from setting design standards or requiring…
With its warm deserts, majestic mountains and dozens of desirable towns, Arizona is a retiree’s heaven. But with the price of housing and cost of living exploding over the past several years, heaven is getting pretty pricey — at least many of the most well-known parts of it.Discover More: America’s 50 Most Expensive Retirement Towns Check…
4:17 pm MT January 13, 2025Share this updateMontenegro: Hobbs’ agenda ‘does not align with the priorities of most Arizonans’Stacey BarchengerArizona Gov. Katie Hobbs “once again highlighted an agenda that does not align with the priorities of most Arizonans,” House Speaker Steve Montenegro, R-Goodyear, said in a statement after the State of the State. “Over the…
An Arizona county known for its natural beauty and outdoor adventure opportunities was ranked among the top markets for vacation homes.Coconino County landed at No. 6 on the list from Pacaso, a marketplace for second or vacation homes. Cape May County, a New Jersey hotspot for beaches, was ranked first.Pacaso used metrics like the number…
With its hot and sunny weather to go along with the beautiful and iconic scenic landscapes, Arizona is a go-to retirement destination. However, rising costs have priced some retirees out of the market.Check Out: Cutting Expenses for Retirement? Here’s the No. 1 Thing To Get Rid Of FirstFind Out: 5 Cities You Need To Consider…
In October, mortgage rates were around 8%, but that didn’t deter home sellers. Data compiled by CoreLogic shows home prices that month were 4.7% higher than in October 2022.But all real estate is local. Price changes varied from market to market across the country.To provide a visual element to these price changes, the Federal Reserve…