By: AZ Big Media  While remote work has boomed in the last three years, the majority of working Americans still commute to work. According to the Census, a one-way commute took workers an average of 25.6 minutes in 2021. Using this estimate, workers in 2023 will average almost 222 hours (or a little

By: AZ Big Media  SmartAsset released a study analyzing the most affordable places to live in Arizona. The eighth annual study weighed several factors, including taxes, homeowners’ insurance, and home costs relative to the local median income. Places where home ownership costs were lowest relative t

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 curr

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 De

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 codes

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  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: 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: 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

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  Digital platform Money, today announced its annual ranking of the Best Places to Live spotlighting 50 cities and towns with strong labor markets, affordable homes, and racial, economic and cultural diversity. Tempe is ranked No. 2 on the Best Places to Live in the U.S. list. This y

By: AZ Big Media  Remember Bachman-Turner Overdrive’s 1983 hit “You Ain’t Seen Nothin’ Yet?” You ain’t seen nothin’ yet. B-b-b-baby, you just ain’t seen n-n-nothin’ yet? It’s one of those catchy, unforgettable lyrics you can’t shake. And, it’s a perfect musical representation of the growth happening

By: AZ Big Media  Home values slipped for the second consecutive month as mortgage costs continue to sideline buyers, according to Zillow’s latest market report. Affordability is driving market momentum: Low-cost markets remain competitive while prices drop the fastest in both the most expensive mar

By: AZ Big Media  S&P Dow Jones Indices (S&P DJI) today released the latest results for the S&P CoreLogic Case-Shiller Indices, the leading measure of U.S. home prices. Data released today for June 2022 show that home prices continue to increase across the United States. And Phoenix ranks No. 4 in t

By: AZ Big Media  Sales of homes costing $1 million more than doubled over the past three years, but as with many products in the grocery store, buyers are getting less than they used to, according to a new analysis by Zillow. And when it comes to the housing market, Phoenix leads the nation when it

By: AZ Big Media  The affordability of housing in the Valley has been a constant challenge for first-time homebuyers since the start of this decade. The Phoenix metro area continues to be one of the fastest-growing cities as more people migrate from other parts of the United States, so it’s tough to

By: AZ Big Media  Phoenix continues to be one of the most popular destinations in America to move to and more people migrating to the Valley means more people looking to buy a new home. The discussion of the Phoenix real estate market has mostly been focused on single-family homes, but as Phoenix jo