Metro Phoenix homebuyers won’t get a reprieve from rising prices anytime soon as competition for houses heats up again. The Valley’s housing market isn’t expected to be as frenzied as it was in 2021, but prices are on track to keep steadily climbing until probably May, according to real estate analysts. The median home price … [Read more...] about Metro Phoenix’s Housing Market is Still Hot. When Will it Cool Down?
Near-record December home sales cemented 2021 as the busiest year for home buying in the 14-year history of the RE/MAX National Housing Report, while also setting records for smallest inventory and highest average home prices. On an annual basis, 2021 finished with nearly 10% more home sales than the previous record year of … [Read more...] about Phoenix Leads Nation to Busiest Year Ever for Home Buying
Nationwide, 30.3% of Redfin.com users looked to move to a different metro area in October and November, according to a new report from Redfin (redfin.com), the technology-powered real estate brokerage. That’s down from a record-high 31.5% in the first quarter of 2021 but well above pre-pandemic levels. When it comes to places … [Read more...] about Phoenix is the No. 2 Most Popular Migration Destination
ATTOM, curator of the nation’s premier property database, today released its third-quarter 2021 U.S. Home Equity & Underwater Report, which shows that 39.5 percent of mortgaged residential properties in the United States were considered equity-rich in the third quarter, meaning that the combined estimated amount of loan … [Read more...] about Arizona Ranks No. 5 in U.S. for Increase in Home Equity
More than 700,000 jobs will be created in Arizona in the next decade, another sign of Arizona’s economic prowess coming out of the pandemic. According to a new report from the Arizona Office of Economic Opportunity (OEO), which studies the state’s economy and labor market trends, the state’s robust economic growth will far … [Read more...] about Arizona Projected to Add More Than 700,000 Jobs by 2030
More than 700,000 jobs will be created in Arizona in the next decade, another sign of Arizona’s economic prowess coming out of the pandemic. According to a new report from the Arizona Office of Economic Opportunity (OEO), which studies the state’s economy and labor market trends, the state’s robust economic growth will far … [Read more...] about Arizona Projected To Add More Than 700,000 Jobs By 2030
Valley drivers love their cars, and more than anywhere else in the country, they put their money where their hearts are. In fact, it costs more to get around in Phoenix – a city that was designed for cars – than in any other U.S. metro, statistics show. According to the Bureau of Labor Statistics’ newly released Consumer … [Read more...] about Car-Crazy Phoenix Tops all U.S. Metros for Consumer Spending on Transportation
Metro Phoenix has emerged as a hub for data centers — facilities that support diverse computerized operations, often for multiple corporate customers — and that progress is showing no signs of abating. Reasonable costs for electricity, access to skilled employees and the lack of natural disasters all make the area a good fit … [Read more...] about Metro Phoenix is a Growing Hub for Data Centers. Here’s What Makes the Area Ideal for New Construction