Housing Solutions of Northern Arizona (HSNAZ) published its Rental Attainability Report for 2024 in November, including data that suggests rents in Flagstaff may be stabilizing.The nonprofit organization has published a Rental Attainability Report annually since 2015 — with the exception of 2020 due to the pandemic — using data collected during its…
Despite a precipitous drop from last year’s ranking, Phoenix is still among the top 10 real estate markets in the U.S. as it experiences challenges in housing affordability and infrastructure constraints, according to the Urban Land Institute’s latest Emerging Trends in Real Estate report.This has led to a slowdown of recent in-migration in the region,…
Information was supplied by law enforcement and describes only current, active reports of missing persons in the Phoenix-metro area and other cities in Arizona.If you have any details on the whereabouts of these individuals, please contact your local police department or sheriff’s office. For missing persons cases from 2023, click here. Oct. 21 Mahonna Ontiveros-Mayo…
Skift Take Lower interest rates could jumpstart transactions and development next year, but the industry isn’t out of the woods yet. Sean O’Neill Hotel industry leaders gathered at The Lodging Conference in Scottsdale, Arizona, last week to discuss emerging trends in the hotel market. Here are the key takeaways from the world’s largest hotel finance…
Legislative budget analysts predicted a $2 billion budget deficit for Arizona’s current fiscal year, leading to spending cuts.New projections show that deficit will likely not be happening again for the coming year. Analysts say the cuts initiated this year are unlikely to be restored.Current revenue are about $425 million higher than initially projected, however only…
Phoenix leaders are frustrated over a new state law that expands what’s allowed for backyard guest houses, also called casitas. In May, Gov. Katie Hobbs signed the legislation into law, which requires Phoenix to change its rules.Before state lawmakers got involved, Phoenix had already addressed accessory dwelling units, or ADUs, as way to increase housing…
Your property taxes will not increase after you install a solar system in Arizona. Solar panels increase property value, but the state has a solar property tax exemption. However, you must purchase your system in full or take out a loan to qualify. Lease and power purchase agreement customers aren’t eligible.
As housing costs skyrocket and the demand for affordable homes surges, builders across the U.S. are constructing entire blocks of single-family homes specifically designed for renters. These so-called built-to-rent communities can offer another option for those who want a home but cannot afford to buy one.Texas resident Richard Belote says his rented home 90 minutes…
P.B. Bell, which has built 10 apartment communities totaling nearly 3,000 units across the Phoenix metro since 2019, is building its first build-to-rent project.The Scottsdale developer has teamed up with Everest Holdings to develop Marketside Villas at Verrado in Buckeye. The total development cost for the 150-unit project is a little more than $50 million,…
I still remember when my parents bought their first house — the same one they live in today. It wasn’t until I was in my 20s and the summer after graduating from the University of Arizona. Up until then, our family of five had lived in a two-bedroom apartment. It was a lifelong goal…