Mortgage interest rates have remained relatively stable heading into the weekend, with the average 30-year fixed mortgage rate hovering around 6.95%. While these rates are significantly lower than the highs seen in late 2023, they still pose affordability challenges for many prospective homebuyers. Economic indicators and signals from the Federal Reserve suggest that rates could…
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…
A former professional poker player, Cory Zeidman, has been sentenced to more than eight years in prison for running a fraudulent sports betting scheme that scammed victims out of more than $25 million. Zeidman and his associates operated a national marketing campaign between 2004 and 2020, luring people into paying for supposedly “inside information” on…
Easing inflation and steady jobs boost Arizona real estate outlook, with rising buyer confidence amid tight inventory and varied market risks.
U.S. stocks were mixed as investors reacted to key corporate earnings reports and new inflation data. The Dow Jones Industrial Average edged higher, while the S&P 500 and Nasdaq Composite showed smaller gains. Notably, Nvidia reported robust earnings, helping to buoy the tech sector during a week of economic uncertainty. Meanwhile, shares of Palantir also…
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…
A California man has been indicted by a federal grand jury for allegedly running a real estate scam that targeted property owners in Southern Arizona. The U.S. Attorney’s Office says the man posed as a property owner or agent and listed homes online without permission, collecting deposit payments from interested buyers or renters before disappearing…
Recent economic trends signal moderating inflation and likely rate cuts, creating favorable conditions for Arizona real estate investors in 2024.
Former Bank of England Governor Mark Carney visited Ukraine during a period of intensified drone attacks, underscoring the persistent instability in the region. As conflict continues to disrupt the economy, financial experts are warning that global inflationary pressures, particularly in the United States, may intensify in the coming months. Supply chain disruptions and heightened energy…
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…