Metro Phoenix home prices have seen a notable decline, marking the first significant drop in several years as the area’s housing market cools. Recent data shows that the region’s median home price has fallen due to a combination of higher mortgage rates, increased housing inventory, and a general slowdown in buyer demand. This downward trend…
Mortgage application payments dropped in June 2025, offering a glimmer of relief to homebuyers as affordability saw modest improvement. According to the Mortgage Bankers Association (MBA), the national median monthly payment applied for by applicants fell to $2,217, down from $2,243 in May. This decline coincides with lower mortgage rates in June, which helped to…
Arizona’s real estate shows stable prices, low inventory, steady sales, and shifting renter trends, signaling cautious but steady market growth.
Arizona real estate thrives as AI, blockchain, and apps reshape investing, management, and financing in a rapidly growing market.
Sprouts Farmers Market reported strong second-quarter earnings, with net sales rising 6% year over year to $1.7 billion. The fresh-focused grocer attributes its growth to an ongoing expansion plan and investments in its supply chain, including a move toward self-distribution, which is expected to boost efficiency and product availability in its stores. The company also…
Arizona’s housing market is showing signs of resilience, with home prices continuing to rise despite a cooling trend in buyer activity. According to the latest data, the median home price in the state has climbed steadily, driven by a combination of limited housing inventory and steady demand. Experts say that while mortgage rates remain high,…
Two JCPenney stores in Arizona have been sold as part of an ongoing downsizing of the retailer’s real estate holdings. The properties, located in Tucson and Tempe, were acquired by Red Mountain Group, a real estate investment company, for a combined $46 million. The sales are part of JCPenney’s efforts to optimize its store footprint…
Homeowners in several Phoenix-area neighborhoods are voicing concerns over the rapid increase in large guest houses, or “casitas,” being built on residential lots. Originally intended as modest-sized units for family use or rentals, these structures are now often larger than expected, sparking complaints about crowding, loss of privacy, and alterations to the character of single-family…
May 2025 S&P Case-Shiller Price Index: Home Prices Fall Amid Rising Inventory (Zillow). Inflation. See the full Housing Inventory article, or, read more Arizona real estate investing news. Up to you! Either way, you’re on your game!
As Arizona grapples with rapid growth and a changing climate, long-standing groundwater regulations are being tested in courtrooms, boardrooms and booming desert suburbs. Developers and regulators are locked in a deepening dispute over how to manage the state’s finite water supplies — with the future of real estate, agriculture and sustainability hanging in the balance….