News items about home prices, mostly in Arizona
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…
In second-quarter 2024, high home prices and soaring mortgage rates caused more homeowners to struggle with their loan payments. But data shows a slight recovery as mortgage delinquencies fell in the third quarter. That silver lining comes from the Mortgage Bankers Association (MBA)’s National Delinquency Survey. According to the MBA, the seasonally adjusted rate for…
Housing prices in key battleground states track much closer to conservative-leaning states than liberal ones, according to research from Realtor.com examining real estate trends since the 2020 election. The analysis of seven swing states – Arizona, Georgia, Michigan, Nevada, North Carolina, Pennsylvania and Wisconsin – found median listing prices averaging $216 per square foot over…
Academics say migrant inflows have minimal impact on pricesMigrants contribute to supply, easing prices, experts sayWASHINGTON, Oct 11 (Reuters) – Republican presidential candidate Donald Trump and members of his party running for the U.S. Senate are blaming immigrants for the rising cost of housing, though a review of economic data and independent research suggests their…
These new pendings prices rose by 1.25% this week, to $395,000 and are 5% greater than a year ago. In the last two years, when October had sharply higher mortgage rates, home sales were tanking and prices were dropping. The opposite is happening now. I don’t expect this to continue. But, this is a stronger…
Want to be in Arizona’s top 1% of earners?You’ll need to make at least $611,353.That’s according to a new Business Journals analysis of data from the IRS, which showed the cutoff for the nation’s top 1% of earners grew by 25% between 2020 and 2021 to $699,008. The data is based on the 2021 tax…
PHOENIX (AZFamily) —The Arizona Humane Society is reopening its Sunnyslope Campus in Phoenix due to an overcapacity crisis at shelters.The Sunnyslope campus is located at 9226 N 13th Avenue in Phoenix, just south of Hatcher Road.“Our overcapacity challenges are persistent and chronic and while we never intended needing to utilize the Sunnyslope Campus for adoption…
With the Federal Reserve cutting the benchmark federal funds rate by half a percentage point to the 4.75%-5% range, Arizona’s residential real estate brokers are seeing renewed homebuyer activity.Right after the Fed’s rate cut, Greg Hague, CEO of Scottsdale-based 72Sold, said he saw an immediate surge of buyer inquiries.They wanted to know if they could…
Arizona, once renowned for its affordable living, now finds itself grappling with the consequences of rapid population growth and inadequate housing supply, a problem exacerbated by high interest rates and construction costs. This housing situation threatens the state’s economic vitality and social stability. The recently released “State of Housing in Arizona” report from the Arizona…
California’s 94027 stands alone when it comes to the nation’s most expensive ZIP codes for housing.The typical home value in 94027 – Atherton, located 30 miles south of San Francisco, was $7,711,460 in March 2024 — leading the way among all ZIP codes in America.That’s according to research obtained for The Business Journals Wealthy 1000, a recent ranking…