New home sales in the United States posted a notable increase, reflecting growing confidence among buyers despite higher mortgage rates and affordability challenges. The latest figures show that lower inventory in the resale market is pushing more people toward new construction homes, and homebuilders are responding by offering incentives and discounts to attract buyers. Analysts…
Hundreds of people who bought tickets for a Phoenix home raffle are expressing frustration after learning they will not be receiving refunds. The raffle, organized by a company called United Way Sweepstakes, promised participants the chance to win a multimillion-dollar home. However, after failing to sell the required number of tickets, the raffle was abruptly…
Pinnacle West Capital, primarily known as the parent company of Arizona Public Service, has recently seen its stock price experience a notable dip. Despite concerns over regulatory challenges and short-term headwinds, the company’s steady dividend yield and long-term growth potential make it an intriguing opportunity for income-focused investors. The region’s expanding population and ongoing economic…
Arizona’s real estate market has been experiencing a resurgence, with home prices climbing steadily despite broader economic concerns. A combination of limited housing inventory and continued demand from both in-state buyers and people relocating from higher-cost regions has led to upward pressure on prices. Cities like Phoenix and Tucson are seeing notable upticks, with some…
A recent review of Tempe’s housing market has revealed the city’s most expensive homes currently for sale, with properties on the list featuring luxurious amenities and premier locations. The priciest listing is a lakeside estate on East La Vieve Lane, currently offered for just under $5 million. Other standout properties include a newly built custom…
A recent report highlights the ongoing housing affordability crisis in Arizona, where rapid population growth and limited housing supply continue to push home prices higher. The Arizona Housing Coalition found that many low- and moderate-income residents are increasingly priced out of the market, especially in areas like Maricopa County. Despite an increase in new construction…
Arizona’s 2024 real estate shows steady prices, rising inventory, slower sales, and strong rental demand amid high rates and shifting buyer trends.
Arizona real estate investors gain an edge by adopting AI, blockchain, and proptech innovations shaping search, management, fraud detection, and financing.
A new map highlights which U.S. college towns have the highest home prices, revealing that cities with prominent universities often come with costly real estate markets. According to the report, Palo Alto, California—home to Stanford University—boasts a median home price of $3.1 million, topping the list of most expensive college towns. Other pricey locations include…
Raffling off a house may seem like a creative solution for selling real estate, especially in a challenging market, but it’s far more complicated — and often illegal — than it appears. In many states, including California, raffling a home without complying with strict gambling and charitable solicitation laws can result in hefty fines or…