Market Updates

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…

Meritage Homes (NYSE:MTH) recently reported its second-quarter earnings, reflecting steady demand for new homes despite ongoing affordability challenges in the housing market. The company managed to post better-than-expected revenues and earnings, with management noting that incentives and price adjustments have kept buyer interest strong. Meritage’s performance stands out among other home builders, with many in…

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…

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…