Arizona ranks No. 2 among states where home prices are rising faster than wages

By: AZ Big Media Arizona is ranked second among states where home prices are rising faster than wages, according to an analysis by MyEListing. Arizona’s housing price and wage growth disparity over the last five years stands at 37.7%. The U.S. housing market is no stranger to volatility, and ho
Read MoreWhere in Metro Phoenix are home prices rising? Here’s a look

By: AZ Big Media The past year has been a rollercoaster ride for homebuyers and, this Halloween season, we’re delving into the real horrors they’ve been facing. From skyrocketing home prices to vanishing listings and fierce competition, we’ve analyzed how scary the 200 largest U.S. markets are.
Read MoreChandler, Peoria in Top 30 among most sought-after cities by renters

By: AZ Big Media To determine the most sought-after cities by renters, RentCafe.com crunched the traffic numbers for listings in the country’s 150 largest cities to highlight renters’ preferences and intent to move. The results are out now in the October Rental Activity Report. Chandler and
Read MoreChoosing the right home: Condo vs. apartment pros and cons

By: AZ Big Media Are you weighing the pros and cons of living in a condo versus an apartment? The choice can be challenging, especially when your lifestyle hangs in the balance. Below, we will provide a clear comparison between the two. Don’t get caught in the crossfire of opinions – get inform
Read MorePhoenix leads nation for biggest decrease in days on market

By: AZ Big Media While home prices remained relatively stable year over year this October, limited inventory continues to hamper homebuyers as the number of homes actively for sale shrank on an annual basis (-2.0%) for the fourth month in a row, according to the Realtor.com® October Monthly Hou
Read More6 tips for negotiating rent prices

By: AZ Big Media Rent prices are starting to drop in many cities. New research from Rent. shows levels have dropped for the first time in six months. But in many cities, prices are still very high. Can you negotiate rent? The short answer is yes. Here are strategies you can take when negotiatin
Read MoreHere’s how much rent prices are rising in Phoenix

By: AZ Big Media The consumer price index, or CPI, is the average change over time for prices paid by consumers in an area. Any CPI over 100 is equated with a rise in the inflation rate since 1984. In Phoenix in August of 2022, the CPI of rent was around 213. In August of 2023, it was about 234
Read MoreSee inside Castle on the Hill in Scottsdale — just listed for $25 million

By: AZ Big Media Russ Lyon Sotheby’s International Realty announced the listing of “The Castle On The Hill,” a prestigious French-inspired Italian estate in the Upper Canyon of Silverleaf in Scottsdale. This estate, which is currently featured as a “coming soon” on the Multiple Listing Service
Read MoreApartment community coming to North Phoenix near TSMC

By: Daily Independent A new apartment community near the upcoming TSMC will open in late 2025. Real estate company Thompson Thrift announced Monday the development of Refinery at Pointe17, a 224-unit Class A multifamily community near the $40+ billion Taiwan Semiconductor Plant in northern Phoe
Read MoreTake a look inside the most expensive house sold in Mesa

By: AZ Big Media Arizona’s luxury leader Russ Lyon Sotheby’s International Realty announced yet another record-breaking sale — the most expensive house ever sold in Mesa. This time the Scottsdale-based brokerage sold the highest priced home in Northeast Mesa’s Las Sendas community. Russ Lyon So
Read MoreBuilding a House in Arizona: Expert Guidance From Local Builders

By: Redfin Embarking on the journey of building your dream home in the Grand Canyon State of Arizona is an exciting adventure filled with unique considerations. From the vibrant energy of Phoenix’s city life to the tranquility of Flagstaff’s pine-scented forests, constructing a home here requ
Read More15 Popular Phoenix Neighborhoods: Where to Live in Phoenix in 2024

By: Redfin Phoenix, AZ, is known for its warm weather, vibrant art scene, and beautiful desert landscapes. The city is also home to numerous diverse neighborhoods, each with its own unique charm and appeal. Whether you’re looking for a charming community, a trendy urban enclave, or a peaceful s
Read MoreWhat Buyers and Sellers Need to Know About Getting a Home Inspection in Arizona

Sourced By: Redfin Arizona’s vast landscapes and diverse architectural styles present a unique backdrop for the real estate market. Whether you’re buying a Spanish-inspired villa in Scottsdale or selling a contemporary home in Phoenix, home inspection is a critical stage that can’t be overlooked. F
Read MoreHere’s why Arizona will avoid recession this year and next

Sourced By: AZ Big Media he state's diversified economy has positioned itself so that Arizona will avoid recession this year and next, according the Economic and Business Research Center. The Arizona economy continued to churn out solid gains through the first half of 2023. Jobs, wages, and sales a
Read MoreArizona is home to 5 of the 50 best places to retire

Sourced By: AZ Big Media After putting in decades of hard work, we naturally expect to have financial security in our golden years as we look for the best places to retire. But not all Americans can look forward to a relaxing retirement. According to the Employee Benefit Research Institute’s 2023 R
Read MoreHigher rents and low supply create major shifts in Phoenix multifamily

Sourced By: AZ Big Media Renting an apartment in Greater Phoenix has become an increasingly costly endeavor since the onset of the pandemic. Zillow reports that as of July, the typical monthly rent in Phoenix is $1,949, up from $1,408 in March 2020 — a nearly 39% increase. At the same time, Univers
Read MoreThese 5 States Have Seen Massive Rent Spikes in Just 5 Years
Sourced By: Yahoo! finance The rental market has been steadily becoming more expensive; but, in some locations across the country, the prices have risen much faster. A new GOBankingRates study found that there was a 24.75% rent increase from 2018 to 2023 in the national median rent price. I’m a Rea
Read More3 Practical Lessons First-Time Homebuyers Can Learn from HGTV's ‘House Hunters’
Sourced By: TAP into Montville Anyone who has watched HGTV’s longtime hit show “House Hunters” understands the suspense it brings – will the buyers choose the rural roomy craftsman? Or will they compromise on space to live in their favorite neighborhood? Many first-time homebuyers’ impression of re
Read MoreArcadia Views Lofts becomes first Net Zero built-to-rent community

Sourced By: AZ Big Media Known as one of the country’s leading developers of Net Zero communities, MODUS Companies, has completed its latest project in the highly sought after Arcadia community of Phoenix, called Arcadia Views Lofts (located at 2640 N 52nd Street, Phoenix, AZ 85008). Built in partn
Read MorePhoenix ranks No. 6 for data center construction in 2023

Sourced By: AZ Big Media Activity from cloud service providers continues to drive data center construction in Phoenix in the first half of 2023, helping the market retain its status as one of the primary data center markets in North America, according to a new report from CBRE. There is 163.5 MW
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