News items about home prices, mostly in Arizona
The U.S. housing market continues to show resilience even as affordability challenges persist. According to recent data from real estate brokerage Redfin, the number of major metro areas with year-over-year home price declines dropped slightly from 110 in April 2023 to 105 this year. This shift highlights a subtle cooling of the widespread post-pandemic price…
Zillow has updated its home price forecast, predicting a stronger U.S. housing market through 2026. The upgrade affects 400 markets across the country, with expectations that home values will rise at a faster pace than previously anticipated. Factors such as limited housing supply and steady demand are contributing to the more optimistic outlook. Some regional…
San Antonio’s housing market showed signs of recovery in early 2024, with home sales increasing for the fourth straight month in March. According to the San Antonio Board of Realtors, sales rose 7% year-over-year, and the median home price climbed slightly to $290,000. Despite this modest rise, prices remain below the peak levels seen during…
Recent internet rumors have falsely claimed that the Trump Administration will issue a new round of stimulus checks in 2025. These claims, which have spread rapidly on social media, suggest that Americans can expect financial relief payments soon. However, there has been no official confirmation from government sources. Experts warn the public to be cautious…
Students at San Diego State University (SDSU) are facing mounting housing challenges as rising rental costs and the growth of short-term vacation rentals reduce availability in the neighborhoods traditionally populated by students. Many students who once found affordable housing in the College Area say they are now being priced out, leading them to move farther…
After relocating cross-country for a new job eight months ago, a Nashville homeowner is facing a tough decision: the property still hasn’t sold despite being on the market for months. With mortgage payments piling up and no buyers in sight, the homeowner is grappling with whether to pull the home off the market and rent…
The U.S. is facing a severe housing shortage, with a deficit of approximately 3.2 million homes nationwide, according to real estate data. This shortage is a key factor driving up prices, especially in fast-growing states like Arizona. High demand coupled with limited supply has strained the market, pushing homeownership out of reach for many. Experts…
The Arizona Supreme Court has ruled that the state’s self-defense laws apply inside the bedroom, setting a precedent for future cases involving claims of personal protection within the home. The decision came in response to a case where a woman fatally shot her partner during a domestic dispute and claimed self-defense. The court emphasized that…
As climate change accelerates, the U.S. housing market faces growing risk, especially in regions prone to wildfires, floods, and rising sea levels. Research shows billions of dollars in residential property are vulnerable, with markets in areas like coastal Florida, the Southwest, and wildfire-stricken California most at risk. Despite mounting physical threats, many properties in danger…
The Amphitheater Public Schools District in Tucson is considering consolidating several schools due to declining student enrollment and financial constraints. Superintendent Todd Jaeger cited a 22% drop in enrollment over the past decade, resulting in reduced state funding. The district is exploring options such as merging campuses, repurposing schools, or even closing some facilities, with…