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…
Metro Phoenix is becoming a technology superhub, anchored by a $65 billion investment from Taiwan Semiconductor Manufacturing Co. that already has attracted dozens of suppliers, is boosting employment and will change the region’s transportation and development footprint.The potential payoff is enormous, but the effort faces many challenges along the way.Those include labor demands, workforce issues,…
The massive Philippine Mars is getting ready to fly to its new home at the Pima Air and Space Museum in Tucson, Arizona, after months of work to make the retired water bomber air-worthy. The plane, which was retired more than a dozen years ago, has been stored outdoors at a base next to…
PHOENIX (AZFamily) — The Federal Reserve cut interest rates Thursday for the second time in the past three months. But many Arizona homebuyers are asking how soon they’ll see relief in mortgage loans.With inflation down, the Fed is slowly bringing the key rate down from their four-decade highs.Mortgage rates typically drop when interest rates are…
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…
Merit Partners Inc. is developing two industrial buildings in the PV303 master-planned industrial center in Goodyear.The project, called Tex Industrial, includes a 100,737-square-foot warehouse and a 132,475-square-foot warehouse across 17 acres near the Loop 303 and Indian School Road.It’s being constructed by Stevens-Leinweber Construction and was designed by Cawley Architects. Leasing is being handled by…
BIRMINGHAM, Ala., November 07, 2024–(BUSINESS WIRE)–Medical Properties Trust, Inc. (the “Company” or “MPT”) (NYSE: MPW) today announced financial and operating results for the third quarter ended September 30, 2024, as well as certain events occurring subsequent to quarter end.Edward K. Aldag, Jr., Chairman, President and Chief Executive Officer, said, “Across our highly diversified, global portfolio,…
Fathom Holdings, the parent company of Fathom Realty, is expanding its footprint in Arizona. The firm announced Monday that it had acquired Scottsdale-based My Home Group, adding more than 2,200 agents to its headcount. The financial terms of the deal were not disclosed, but the company will be discussing the acquisition on its third-quarter earnings…
The hottest housing market ZIP code in Arizona isn’t inside the Phoenix metro. Rather, it’s a couple of hours north in Flagstaff’s 86005.That’s according to the Business Journals’ hottest housing markets rankings, which is based on third-quarter listing and sales data from Intercontinental Exchange Inc. The rankings are intended to emphasize sales and pricing momentum…
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…