By: AZ Big Media  The Valley is home to some of the most beautiful luxury real estate in the country. Some of the top spots include Old Town Scottsdale, Paradise Valley and Arcadia. However, there is a new luxury hub that is quickly emerging as the top destination for luxury buyers in the Valley: S

By: AZ Big Media  Phoenix rose all the way from last year's No. 42 ranking into the top five in 2023 in Clever researchers' quest to find the best pizza city in America. Phoenix's rise in 2023 thanks to the annual study's addition of two new metrics: the average Yelp rating of pizza restaurants and

By: AZ Big Media  2022 was a complex year for commercial real estate, as rising interest rates created an air of uncertainty in the market, resulting in a deceleration of transaction activity. Despite these headwinds, multifamily fundamentals ended last year on firm footing and Metro Phoenix is cur

By: Ahwatukee Foothills News  Phoenix City Council on Jan. 18 directed city staff to begin developing tougher water conservation requirements for new developments. Those requirements could include higher standards for pools as well as separate meters for them and all outside water use, a requiremen

By: National Mortgage News  The housing market of 2023 looks very different to the one seen not that long ago, when interest rates hit stunning lows. As buyer and seller behavior shifts in reaction to higher interest rates and sour macroeconomic predictions, mortgage originators are wise to observe

By: AZ Big Media  Buying your first home can be an exciting, yet expensive process, especially if that home is in Arizona. The median home price in The Grand Canyon state is currently $450,000, according to January 2023 data from real estate brokerage Redfin. For first-time buyers on a budget, that

By: AZ Big Media  Hundreds of thousands of visitors are flocking to Phoenix for Super Bowl LVII and the WM Phoenix Open as sports worlds collide. Golf in Scottsdale and football in Glendale opens Phoenix to groups of people who have never experienced the perks of the desert - beautiful weather, top

By: AZ Big Media  Higher mortgage rates dealt massive damage to home buyers’ purchasing power last year, but affordability is trending up as we head into home shopping season, a new Zillow analysis shows. In Phoenix, what a buyer could afford with a $3,000-a-month mortgage has recovered by 287 squar

By: AZ Big Media  For many Americans hoping to make the transition to first-time buying in 2023, renting will likely offer relatively more affordable options in the months ahead, according to the Realtor.com® Monthly Rental Report released today. On average across the 50 largest U.S. metros in Dece

By: Bankrate If you’re thinking about buying a house in Arizona, your search probably includes Phoenix. The metro area is home to 67 percent of the state’s entire population, and it is growing fast. In fact, Phoenix welcomes around 200 new residents each day. If you want to be part of that crowd, r

By: AZ Big Media  Only two metropolitan areas in Arizona had more affordable housing than the nation in the third quarter 2022. Nationally, just 42.2% of new and existing homes sold in the third quarter were affordable to a family earning the U.S. median income. The National Association of Home Bui

By: AZ Big Media  The housing market decelerated throughout 2022 creating more opportunities for homebuyers, in stark reversal of the frenzied seller's market of the previous year, according to the RE/MAX® National Housing Report for December 2022. The year's most telling stats were punctuated in D

By: ABC 15 Arizona PHOENIX — For the fifth straight month, the Case Shiller index for the Phoenix market has fallen. Even with the most recent fall, home prices are still higher than at the same time last year. In November the Case Shiller index for Phoenix fell almost 2% from the previous month. T

By: AZ Big Media  After the pain of the Great Recession, Arizona resolved to reinvent and diversify its industrial landscape to create a more resilient economy and put itself on the path to becoming a Tier 1 market. No single person or entity can take sole credit for this shift in priorities; it wa

By: AZ Big Media  2022 was a year that saw wild swings in the residential real estate market. People were on the move, but where were they headed and why? Opendoor analyzed its data to determine the top ZIP codes in Arizona and the hottest neighborhoods for home sales in Metro Phoenix. Top ZIP c

By: AZ Big Media  Merriam-Webster’s 2022 word of the year was gaslighting — a form of deceit where someone is manipulated into questioning the validity of their own reasoning — but there was a well-known noun burning in the minds of many last year: inflation. Indeed, December’s Consumer Price Index

The American dream of homeownership has been rehashed throughout the past decade, with more households renting than at any point in the last 55 years. Although renting was previously considered an alternative brought on solely by circumstances, one-third of this decade’s renters now say that it’s a

By: AZ Big Media  2022 was still a wild ride when it comes to Phoenix real estate. Coming off of a pandemic-fueled housing market presented its challenges for buyers and sellers alike. Demand was high and interest rates were low, sparking bidding wars between prospective buyers that progressively d

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 t

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-la