By: AZ Big Media  The real estate market in Phoenix has been on fire over the last few years but it has recently started to cool and balance due to increasing interest rates. While homebuyers in Phoenix previously lacked control and were constantly stuck in bidding wars, the tides have officially tu

By: AZ Big Media  After all the penny pinching, house hunting and mortgage application paperwork, closing costs can sneak up on you during the home buying process. Closing costs, the fees you pay your lender, are generally 3 to 5 percent of the loan amount and may include title insurance, appraisals

By: Bankrate  If you’re considering a move to Arizona, you aren’t alone. The Grand Canyon State welcomes thousands of new residents every year — especially in the capital city of Phoenix, which had the fastest-growing population in the U.S. from 2019 to 2020, according to Census data. Its second-lar

By: Keeping Current Matters  At first glance, the increase in housing supply compared to last year may not sound like good news for prospective sellers, but it actually gives you two key opportunities in today’s housing market. An article from Calculated Risk helps put the inventory gains the market

By: Keeping Current Matters  Did the frequency and intensity of bidding wars over the past two years make you put your home search on hold? If so, you should know the hyper competitive market has cooled this year as buyer demand has moderated and housing supply has grown. Those two factors combined

By: AZ Big Media  Rent prices have been soaring, especially in popular cities like Tempe, Arizona. According to Bloomberg, the average rent for a one-bedroom in Tempe was $1,703 in June, a 48.3% increase from 2021. Renting can provide flexibility, but it may not always be the cheapest option. Here i

By: AZ Big Media  In recent months, reports have cited Phoenix as a residential real estate market that’s finally lowering home prices after almost two full years on a steep incline. Realtor.com reports the Valley as a cooling market for buyers with the median home list price dropping 9.9% from June

By: KTAR News  Airbnb announced Wednesday the launch of a program that will allow prospective renters to search for host-friendly apartments in the Phoenix area. The Airbnb-Friendly apartment program provides tools to those interested in hosting a spare room, including the ability to browse differen

By: AZ Big Media  As mortgage rates reached 20-year highs and the economy began to falter, the overall U.S. housing market saw sales drop and price growth slow. Yet, among the 100 most expensive zip codes in the U.S. and the 10 most expensive zip codes in Arizona, prices were on the upswing in even

By: Fox 10 Phoenix  A new housing loan program goes into effect next month. It bumps up the loan limit to about $750,000 and get this – the down payment is just 3%. Of course, you still have to qualify, but this is just one of many shifts in the market. Here are two words we haven't seen on a home f

By: AZ Big Media  Real estate inventory across the Valley is rising and people have more options for purchasing a home. Deciding which type of home to invest in can be a difficult decision but understanding the benefits of each property type can make the choice easier.  The first step is to determin

By: AZ Big Media  The real estate market is always fluctuating, but these past three years have brought  new highs and lows. In 2020, the world was experiencing the pandemic, and many were wary how uncertain everything was. Then, due to low interest rates and high demand, Arizona homes were selling

By: AZ Big Media  According to a study by Visual Capitalist, a salary of more than $86,300 annually is needed for Phoenix residents to buy a home. Out of the 50 U.S. Metro areas selected in this report, Phoenix ranked 17th in highest salary needed to buy a home in 2022. This statistic can be worriso

By: AZ Big Media  The housing market is rapidly rebalancing, but buyers and sellers are struggling to keep up with the changes. A new Zillow survey of real estate agents finds the most common misconception among would-be buyers is that home prices will crash, while sellers are holding on to outdated

By: AZ Big Media  The Fannie Mae Home Purchase Sentiment Index (HPSI) decreased 4.1 points in October to 56.7, its eighth consecutive monthly decline and lowest reading since the inception of the index in 2011. Five of the six index components decreased month over month, including those associated w

By: AZ Big Media Phoenix held its own among top tech markets in North during this year’s first half, sustained by the Valley’s growth in both tech employment and office lease rates, according to CBRE’s annual Tech-30 report. Phoenix’s 8.4 percent growth in tech jobs in 2020 and 2021 helped the marke

By: Bankrate  With the exception of San Antonio, Texas, no city in the U.S. has been growing like Phoenix. Census data showed that it added more than 13,000 people between July 2020 and July 2021. Add balmy winters and an exploding housing scene to a relatively low cost of living and it’s no surpris

By: AZ Big Media  Rising rents have made it increasingly difficult to live comfortably in large cities, where the cost of living is already high. In a new study, SmartAsset calculated the income needed to comfortably afford rent in the 25 largest U.S. cities and our findings show Phoenix ranked amon

By: AZ Big Media  New home buyers are becoming more cautious. Rising mortgage rates and declining home sales have signaled the end of a hot housing market that has plagued buyers for over a year. According to the Census Bureau, home sales are down almost 18% since January 2022. However, some areas h

By: AZ Big Media  One of the hardest things to know when you’re moving to a new city is finding out which neighborhoods are the most affordable. Whether you live in the area or are new to Phoenix, we make it easy for you to get a sense of some of the best neighborhoods — and most affordable areas to