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…
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’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…
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…
Arizona’s real estate market cools in 2024 with modest price growth, rising inventory, slower sales, and strong rental demand shaping investor strategies.
Arizona real estate is rapidly transforming with AI, blockchain, and apps boosting data analysis, virtual tours, crypto payments, and investor opportunities.
U.S. home sales increased in July as mortgage rates eased slightly, encouraging more buyers to enter the market. The National Association of Realtors reported that existing-home sales rose 2% from the previous month, reaching a seasonally adjusted annual rate of 5.99 million units. Although mortgage rates were lower than in June, they remained higher than…
As the housing affordability crisis continues to affect Phoenix, city and nonprofit leaders are introducing innovative strategies to combat the shortage of affordable housing. The city’s housing director, Titus Mathew, emphasized that Phoenix is trying to meet its goal of building or preserving 50,000 affordable housing units by 2030. Approaches include converting underutilized buildings into…
Former President Donald Trump’s new executive order targeting homelessness could bring substantial changes to how cities like Providence, Rhode Island, address housing insecurity. The order emphasizes stricter enforcement against encampments, expands funding for mental health services, and directs federal land to be repurposed for temporary shelters, aiming to reduce visible homelessness in public spaces. Local…
Arizona’s June 2024 market shows stable prices, rising inventory, slower sales, and strong rental demand amid ongoing population growth.