ATTOM, a leading curator of real estate data nationwide for land and property data, today released its fourth-quarter 2021 U.S. Home Equity & Underwater Report, which shows that 41.9 percent of mortgaged residential properties in the United States were considered equity-rich in the fourth quarter, meaning that the combined estimated amount of loan balances secured […]

Rental prices in the Phoenix metro, like home prices, are skyrocketing- making it challenging for people to find housing across the board. Parallel with the housing market — there are fewer rentals available and too many people who want them. As I like to say, “The only market in Phoenix tighter than the residential resale […]

Americans will have a better chance to find a home in 2022, but will face a competitive seller’s market as first-time buyer demand outmatches the inventory recovery, according to the Realtor.com 2022 Housing Forecast. Additionally, with listing prices, rents and mortgage rates all expected to climb while incomes rise, 2022 will present a mixed bag […]

As home and rental prices soar, many working-class people face the challenge of finding housing that is affordable in a competitive field of homebuyers and renters in Phoenix. For the working-class, it could prove to be so overpriced that they may have to look elsewhere as Phoenix is experiencing a high demand for housing in […]

Phoenix’s reputation as an affordable city has been fading for a while now, though it wasn’t until this year that the metro’s rising costs started to make national headlines. Now, according to two recent reports, rents in some greater Phoenix cities have climbed so high that, for the first time, they’re comparable with those in […]

Runaway monthly increases in home values and rents tempered in August, according to the latest Zillow® market report, paving the way for a strong but more manageable housing market come fall. Another month of rising inventory and more for-sale listings taking price cuts are giving buyers more options and potentially less stress as they shop […]

HOMEOWNERS ARE SITTING ON A RECORD AMOUNT OF CASH, BUT THEY’RE NOT REALLY TAPPING IT The combination of rising home prices and falling mortgage rates has U.S. homeowners sitting on a veritable fortune in home equity. The collective amount of money borrowers could pull out of their homes, while still retaining 20% equity, hit a […]

IS THERE A RECESSION COMING? WHAT WILL THE HOUSING MARKET LOOK LIKE? by Jay Patel The U.S. is on the brink of recession at just about any moment. However, the economy has remained steady over the last few years. The Great Recession began in December 2007 and ended in June 2009, but many Americans are […]

VALLEY’S NEW HOME MARKET SEES DEMAND SURGE © Phoenix Business Journal. Used with permission. After eight months of lower activity, homebuilders have seen a rebound around the Phoenix region with a major uptick in sales — especially in the West Valley. From mid-May through mid-June, new home sales shot up 16% year over year, said […]

RANKING ARIZONA: TOP 10 MASTER-PLANNED COMMUNITIES IN 2019 Provided by Ranking Arizona © All rights reserved. Used with permission. Here are the Top 10 master-planned communities in Arizona, based on public voting for the 2019 edition of Ranking Arizona, the state’s biggest and most comprehensive business opinion poll. Ranking Arizona is based purely on opinion […]

WHY PHOENIX HOME PRICES WILL KEEP RISING INTO 2020 By Brandon Cornett © HBI, all rights reserved. Used with permission. Home prices within the Phoenix real estate market have risen steadily over the past few years, and that trend is predicted to continue through 2019 and into 2020. A lack of inventory is one of […]

GOOD NEWS FOR BOTH SELLERS AND BUYERS IN LATEST DATA By AFN NEWS STAFF. Used with permission. Spring has brought some good news for both sellers and buyers in the Phoenix housing market, according to a leading website that monitors trends in the Valley. In its latest daily and semi-monthly looks at the Valley housing […]

MOST HOUSING MARKETS SHIFTING IN FAVOR OF BUYERS, BUT PHOENIX BUCKS TREND By KTAR.COM – KTAR News 92.3 FM’s Taylor Kinnerup contributed to this report. Used by permission. Conditions for homebuyers are looking up in most of the nation’s housing markets, according to a real estate website, but Phoenix is bucking the trend. “Nationwide and […]

IS 2019 A GOOD TIME TO BUY A HOME IN PHOENIX? This is a hard question to answer across the board, because there are so many personal factors involved. But from a market standpoint, 2019 could be a great time to buy in the Phoenix area. Here are some of the reasons why: • Mortgage […]

WHAT DOES 2019 HOLD IN STORE FOR THE REAL ESTATE MARKET? The 2019 forecast calls for partly cloudy skies, some sun, and a chance for rain, according to an analysis by the Realtor.com economic team. NAR chief economist, Danielle Hale makes her predictions as we end the current year. • While higher prices may become […]