Photo: A luxury home in Scottsdale Luxury home prices are at an all-time high as a record share of buyers pay cash for homes in the country’s most exclusive areas. According to a recent report by data journalist Dana Anderson at Redfin, the prices of luxury homes rose at twice the pace of non-luxury homes at the…
Neighborhoods across the Valley may get noisier this week as hundreds of thousands of basketball fans arrive for Arizona’s second Final Four contest.They will fill up the region’s short-term rentals, prompting some cities to ramp up oversight of Airbnb-style properties to prevent things from getting out of hand.Short-term rentals are typically houses that people rent…
The fully refundable federal Renter Tax Credit would provide swift relief to a broader segment of the population experiencing housing insecurity — many of whom are not served by existing housing and homelessness programs. Thirty-six percent of households are renters in the Phoenix metropolitan area, according to the Census. This area has shown striking rent…
PHOENIX – The cost and aftermath of high rent is something that impacts thousands of Arizonans, and as people push for lawmakers to make moves, we are getting a personal look at this issue, through the eyes of one family. Melissa Pallares wants to eventually own a home, but for her, it is already so…
Many of Arizona’s mobile-home parks are experiencing big jumps in rent, deepening financial woes of low-income residents. The spike is tarnishing the economic views of an voters in this swing state, … [wpts_spin]{Read|See} the {entire|full} article {on|about} rental market trends in Arizona, or, read more news about {Arizona real estate investing|real estate investing in Arizona|real…
Gabriela Rico Since the pandemic, Tucson rents have increased twice as fast as local workers’ incomes.Yet, many new neighbors who relocated to Tucson during the pandemic to work remotely remark on the affordability of the market.Paid by employers from San Francisco, Portland and Seattle, for example, the workers’ incomes are much greater than the Tucson-based…
Brendan O’Brien, author of “Homesick,” discusses his new book, and what’s he’s learned about the effects of short-term rentals in communities like Flagstaff, Arizona; Bozeman, Montana; and St. George, … [wpts_spin]{Read|See} the {entire|full} article {on|about} rental market trends in Arizona, or, read more news about {Arizona real estate investing|real estate investing in Arizona|real estate investing…
Arizona’s flat 50% discount offered to private parties that lease state trust land for agriculture strays from best practices in comparable states and should be updated, a new audit says.The discount is offered to companies that make improvements to the land they rent. But at least two other states base the amount of a discount…
St. George, Utah. Photo by DenisTangneyJr via iStockphoto Proponents of supply-side solutions to housing typically refer to high housing vacancy rates as a good thing. In theory, more vacant apartments mean more options for renters and competition between landlords for renters. But a look at vacancy rates across the country reveal a more confusing picture:…
Inflation is slowing and job growth has surged, but many Americans still feel the burden of expensive housing – fueled in part by high demand, low inventory and mortgage rates. Home prices across the U.S. rose 5.5% over the past year in December 2023 and they are projected to increase 2.8% year over year by…