Arizona Real Estate Weekly Update Steady Prices and Rising Inventory Shape a Balanced Market for Investors
Arizona’s real estate remains stable with steady prices, rising inventory, and selective buyer activity amid evolving market conditions.
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By Jesse Fisher Arizona Real Estate Enters a New Era as AI, Apps, and Blockchain Transform Investment Strategies
Arizona real estate evolves as AI, apps, and blockchain boost investor speed, insights, and efficiency amid rising tech and data privacy demands.
Arizona Rehab Employee Accused of Illegally Buying Sober Homes, Exploiting Vulnerable Residents
An employee at an Arizona drug and alcohol rehabilitation facility has been accused of illegally buying homes that previously served as sober living environments. Authorities allege the employee took advantage of vulnerable individuals who were struggling with addiction, transferring ownership of the properties under suspicious circumstances. The investigation revealed instances where paperwork was allegedly falsified…
California Developer Sentenced to Six Years in Prison for Bribery Scheme Involving LA County Official and USC University Funds
A California real estate developer has been sentenced to six years in federal prison after admitting to bribing a Los Angeles County official with cash, concert tickets, and other benefits in exchange for help securing approval for a major residential project. The developer, David Lee, pleaded guilty to participating in a pay-to-play scheme involving former…
Meritage Homes Shines in Q2: Surpassing Expectations Amid Affordable Housing Demand
Meritage Homes (NYSE:MTH) recently reported its second-quarter earnings, reflecting steady demand for new homes despite ongoing affordability challenges in the housing market. The company managed to post better-than-expected revenues and earnings, with management noting that incentives and price adjustments have kept buyer interest strong. Meritage’s performance stands out among other home builders, with many in…
Ex-Poker Pro Cory Zeidman Sentenced to Over 8 Years for $25 Million Sports Betting Scam That Swindled Vulnerable Victims
A former professional poker player, Cory Zeidman, has been sentenced to more than eight years in prison for running a fraudulent sports betting scheme that scammed victims out of more than $25 million. Zeidman and his associates operated a national marketing campaign between 2004 and 2020, luring people into paying for supposedly “inside information” on…
Canadian Homebuyers Flee U.S. Sunbelt Markets: Sunsetting Demand Sparks Crisis for Arizona and Florida Realtors
Canadian homebuyers are pulling back from the U.S. Sunbelt markets, causing concern among realtors in popular destinations like Arizona and Florida. High home prices, the unfavorable exchange rate, and new U.S. tax regulations have contributed to the slowdown. According to the National Association of Realtors, Canadian purchases of U.S. real estate have dropped dramatically, falling…
California Man Indicted for $100K Southern Arizona Real Estate Scam Using Fake Listings and Forged Documents
A California man has been indicted by a federal grand jury for allegedly running a real estate scam that targeted property owners in Southern Arizona. The U.S. Attorney’s Office says the man posed as a property owner or agent and listed homes online without permission, collecting deposit payments from interested buyers or renters before disappearing…
Metro Phoenix Housing Market Shifts: Buyer Power Grows as 2025 Nears
Metro Phoenix’s housing market continues to favor buyers as 2025 approaches, according to recent data. With an increase in available listings and relatively stable prices, home shoppers now have more choices and negotiating power than in recent years. The market shift comes after a prolonged seller’s market, spurred primarily by low interest rates and high…
California Developer Sentenced to Six Years for Massive Real Estate Fraud That Fueled the 2008 Housing Crash
A California real estate developer was sentenced to six years in federal prison for his role in a massive fraud scheme that involved manipulating home prices in Arizona and defrauding banks out of millions. Prosecutors said Michael L. Mastro conspired with others to artificially inflate property values by using straw buyers, falsified documents, and fraudulent…