Phoenix’s housing market is seeing a shift as more homeowners are pulling their properties from the market after struggling to find buyers. Recent data shows a growing number of listings removed from sale, reflecting a loss of confidence amid rising mortgage rates and declining buyer interest. Many sellers, facing lower-than-expected offers or failed sales, are…
Homeowners in Tempe’s historic Maple-Ash neighborhood are voicing strong opposition to a proposed two-story casita, arguing that it would disrupt the area’s character and violate existing zoning rules. The proposed accessory dwelling unit (ADU) would sit behind an existing home, but neighbors are concerned it will set a precedent for denser development inconsistent with the…
Arizona’s real estate landscape shifts with new zoning, tax proposals, and rental rules shaping investment opportunities and risks.
Arizona’s 2024 housing market grows with new developments, transit projects, and sustainability-focused urban planning driving strong investor interest.
Mortgage refinance rates held steady for most loan terms as of the end of September, offering borrowers a stable but elevated environment for refinancing decisions. The average 30-year fixed refinance rate remained at 7.52%, while the 15-year fixed refinance rate stayed at 6.79%. Meanwhile, the 20-year rate increased slightly, rising to 7.44%. These consistent yet…
A new report from the Black Chamber of Arizona reveals that Black-owned businesses in the state made a significant contribution to the economy last year, generating $2.2 billion in sales and creating or supporting roughly 13,000 jobs. The analysis highlights the importance of minority entrepreneurship, showing that companies owned by Black entrepreneurs have had a…
Firefighters from across Minnesota gathered at the State Capitol on Sunday to honor their fallen comrades during the annual Minnesota Fallen Firefighters Memorial Service. The event recognized 247 firefighters who have died in the line of duty since 1881, including Dylan Roffers, the most recent addition to the memorial wall. Roffers, who served with the…
Arizona’s rental market shows slower rent growth, rising vacancies, strong demand, and shifting investor opportunities amid evolving economic and regulatory trends.
Economic updates show Arizona’s solid job growth, cooling inflation, and steady consumer confidence support cautious real estate investment opportunities.
Rising inflation is significantly increasing the cost of homeownership, making it harder for many Americans to purchase a home. Higher prices for goods and services, combined with elevated mortgage interest rates, are stretching household budgets thin. As a result, both first-time buyers and existing homeowners are finding it increasingly challenging to afford monthly payments, property…