Toll Brothers, a leading builder of luxury homes, has announced its newest luxury home community, The Oaks at Ritz-Carlton, in Paradise Valley, Arizona. This exclusive community will feature 51 single-family homes with innovative designs, flexible floor plans, and access to high-end amenities, including pools, parks, and walking trails. The development aims to provide an exceptional…
Portillo’s, a popular fast-casual restaurant chain known for its Chicago-style hot dogs and Italian beef, has seen its stock dip nearly 40% from its 52-week high. Despite the decline, insiders appear bullish on the company’s future, with recent insider buying activity suggesting confidence in a rebound. Executives, including the CEO, have purchased shares on the…
Metro Phoenix’s luxury housing market saw impressive activity in August, highlighted by the sale of a lavish $7.4 million estate. The property, located in an upscale neighborhood, features amenities such as a resort-style pool, expansive entertaining areas, and stunning city views. In addition to this top sale, several other multimillion-dollar homes changed hands across the…
Homebuyers are finally catching a break in certain parts of the U.S., as housing affordability improves in six metro areas where wages are rising and home prices are stabilizing or even falling. According to a recent report from real estate brokerage Redfin, these cities — including Phoenix, Austin, and Las Vegas — are seeing a…
Phoenix home prices are expected to decline in the coming months, according to a recent forecast by Goldman Sachs. The financial firm predicts a roughly 3% drop in the Valley’s median home prices during the rest of 2024, citing high mortgage rates and decreased buyer activity as the main drivers. While the market has seen…
Homebuyers in several U.S. cities are seeing a boost in purchasing power, thanks to recent declines in mortgage rates and home prices stabilizing in some markets. According to new data, cities such as Phoenix, Las Vegas, and Austin are experiencing conditions where price drops and wage growth have made homes slightly more affordable. For example,…
Arizona’s real estate remains stable with steady prices, rising inventory, and selective buyer activity amid evolving market conditions.
Arizona real estate evolves as AI, apps, and blockchain boost investor speed, insights, and efficiency amid rising tech and data privacy demands.
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…
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…