Home Prices

The Phoenix City Council has approved new zoning regulations for data centers in response to the rapid expansion of the industry across the city. The rules limit where data centers can be developed, restricting them from setting up in areas zoned for residential, commercial, or mixed-use purposes. Key elements of the new policy also include…

Despite rising home prices and economic challenges, members of Generation Z are successfully entering the housing market earlier than many expected. Born between 1997 and 2012, Gen Z is prioritizing homeownership, with nearly 30% of 25-year-olds owning a home in 2022, according to real estate platform Redfin. Many in this demographic are leveraging remote work,…

Chris Camacho, who has served as the president and CEO of the Greater Phoenix Economic Council (GPEC) for over nine years, is stepping down to take a senior role at technology company Axon. Under Camacho’s leadership, GPEC helped attract numerous companies to the Phoenix area, contributing to the region’s rapid economic growth and increased national…

The Arizona Diamondbacks, already grappling with a string of injuries, have placed infielder Ildemaro Vargas on the injured list with right hamstring tightness. Vargas sustained the injury during a recent game against the Los Angeles Dodgers. To help fill the roster gap, the team promoted José Herrera while also giving veteran catcher James McCann his…

Arizona lawmakers have passed a bipartisan bill aimed at increasing the state’s housing supply by encouraging the conversion of agricultural land into urban development. The legislation allows for faster rezoning of certain farmland in high-demand areas, especially in Maricopa and Pinal counties, enabling residential and mixed-use projects to move forward more quickly. Supporters argue this…

Flagstaff will celebrate the Fourth of July with a high-tech twist this year, replacing traditional fireworks with a drone light show. The change comes in response to ongoing fire concerns in the region, with organizers aiming to provide a safe yet festive alternative that honors the holiday. The drone show will take place at the…

The U.S. housing market in 2025 is showing early signs of shifting compared to 2024, despite persisting challenges such as elevated mortgage rates and limited inventory. Recent data reveals a modest uptick in new listings, especially in March 2025, which saw a 15.5% increase year-over-year. While homebuyers remain cautious, partly due to interest rates hovering…

The U.S. housing market is showing early signs of recovery in 2024 compared to 2023, largely due to relatively stable mortgage rates and increased inventory. According to data from Redfin, the number of new listings has climbed, with sellers reentering the market in greater numbers. This has offered buyers more choices, leading to a slight…

The average home price in Louisiana stands at $184,000 as of early 2025, notably below the national median of $420,000. This affordability makes the state an appealing option for homebuyers, especially first-time buyers or those looking to relocate to a less expensive housing market. Among Louisiana cities, New Orleans has the highest median home price…

Suburban areas across the U.S. have seen dramatic surges in renter populations since the start of the COVID-19 pandemic, according to a recent report by Point2. Driven by affordability concerns and increased remote work flexibility, renters have increasingly moved away from city centers into surrounding suburbs. Chula Vista, California, experienced the largest spike in renters,…