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

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 Jun

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

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 worris

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 mark

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 surpri

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 amo

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

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 t

By: AZ Big Media  Phoenix is ground zero for a new multifamily housing product gaining popularity across the nation: single family build-to-rent (BTR) communities. Sometimes referred to as low density multifamily or horizontal apartments, these BTR developments offer another option for renters who

By: AZ Big Media  Arizona personal income growth beat the nation in second quarter, but lagged behind inflation. Arizona personal income rose by 6.6% at a seasonally-adjusted annual rate before adjustment for inflation in the second quarter of 2022. That beat the national average of 5.8% and ranked

By: AZ Big Media  The housing market is rapidly changing, and it’s scaring off many young people who were planning to buy their first home. In a new study, SmartAsset analyzed the 200 largest cities where more (and fewer) young people are buying homes and our findings show that Surprise ranks No. 1

By: AZ Big Media  A new study shows Arizona is the No. 6 hottest market for new residential construction despite home affordability in the U.S. falling to the lowest levels ever recorded after plummeting by 29% over the last year. Given the 2008 financial crisis was largely due to a housing bubble,

By: AZ Big Media  The United States is experiencing record-high inflation levels. Arizona continues to be an epicenter for inflation due to the increase in housing prices during the COVID-19 pandemic. Arizona’s economy is experiencing a ripple effect because of the decrease in affordability of home

By: AZ Big Media  In retirement, many older adults opt to purchase homes in multiple locations. “Sunbirds” purchase homes to get away from the harsh summer in their state and “snowbirds” purchase homes to get away from intense winter weather. Arizona is home to many “snowbirds” who are retiring in

By: 12 News  All over the Valley, a growing number of "for sale" signs signal a change in the housing market. According to data from the Cromford Report, there is a 156% increase in the number of homes on the market compared to last year. According to RE/MAX, Phoenix saw the largest increase in th

By: AZ Big Media  Phoenix REALTORS, one of the foremost industry experts serving more than 11,000 real estate sales professionals Valley-wide, released the latest market data giving perspective to current real estate trends on the median sales price and number of homes for sale in Metro Phoenix. Th