U.S. retail sales rose by 0.6% in August compared to July, signaling that consumers continue to spend despite economic headwinds, such as higher prices resulting from tariffs. The increase was larger than economists had forecast, with growth seen across categories including autos, electronics, and health stores, even as some sectors experienced price hikes and hiring…
A boomer couple in their early 60s decided to break away from traditional retirement plans by selling their home in Arizona, choosing instead to rent and travel full time. Relying solely on Social Security and a modest nest egg, they found that letting go of homeownership gave them the flexibility to explore new places and…
Home sales data released for the Prescott area, as reported by the Prescott Area Association of Realtors (PAAR), shows a continued cooling trend in the August 2023 market. Buyers and sellers faced a slower market, with total units sold decreasing 15% compared to last August. Median home prices also saw a slight drop, down 4%…
A luxurious mansion in the prestigious Biltmore Estates neighborhood of Phoenix has gone up for sale, listed at a staggering $20 million. The 18,000-square-foot home features six bedrooms, 12 bathrooms, a private movie theater, a wine cellar, a resort-style pool, and sweeping views of Camelback Mountain. With design touches like imported marble and custom woodwork,…
Former President Donald Trump is reportedly considering declaring a national housing emergency if he wins a second term, responding to soaring home prices and a tight housing market that has put homeownership out of reach for many Americans. During a recent roundtable event in Florida, Trump emphasized the growing affordability crisis, noting the strain that…
Arizona’s real estate market stabilizes with rising prices, limited inventory, and steady sales, offering cautious opportunities for investors in 2024.
A luxurious estate in Phoenix’s prestigious Biltmore Estates neighborhood recently sold for an impressive $8.2 million, making it one of the largest residential transactions in the area this year. The 11,400-square-foot mansion sits on nearly two acres and boasts six bedrooms, eight bathrooms, an expansive pool, a tennis court, and stunning Camelback Mountain views. Built…
Arizona’s 2024 housing market shows moderate price growth, rising yet tight inventory, steady sales, and evolving investor opportunities amid high rates.
Former President Donald Trump is reportedly considering declaring a national housing emergency if he returns to the White House, citing growing concerns over affordability and supply shortages across the U.S. Housing experts say such a declaration could give the president more authority to direct federal funding toward homebuilding efforts, increase incentives for private developers, and…
Lake Havasu City, Arizona, is gaining attention as a prime retirement destination, offering a winning combination of affordability, scenic beauty, and year-round sunshine. With its picturesque location along Lake Havasu and the Colorado River, retirees can enjoy stunning waterfront views, abundant recreational activities like boating and fishing, and easy access to hiking trails and golf…