U.S. rental prices grew by nearly 20% from March 2020 to 2022 during the pandemic, according to the Realtor.com Monthly Rental Report released today. Phoenix rental prices increased 29% over the last two years, with median rent hitting $1,896 in March 2022. Additionally, two-year rental trends indicate some redistribution of … [Read more...] about Phoenix Rental Prices Soar by 29% in 2 Years
Home buyers face another challenging shopping season to navigate, as Zillow’s latest monthly report reveals record-breaking low inventory and unprecedented price growth, including Phoenix, which saw home values skyrocket 30.7% over the past year. In the Phoenix metro: • Typical Phoenix home values are $434,184, up 30.7% … [Read more...] about Phoenix Home Values Jump 30.7% Over Past Year
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
• Phoenix earned the first spot as the most popular metro for in-migration, gaining an average of 49,882 residents per year, from exchanges with other metros, between 2015 and 2019. • Most of the new residents came from the three largest contributors: Los Angeles, Tucson, and Chicago. • Mostly, people left … [Read more...] about Phoenix No. 1 for Metro-to-Metro Population Growth
With the Metro Phoenix residential real estate market setting new records on a daily basis, it might help prospective buyers and sellers to have an expert’s perspective on residential real estate in the Phoenix market — where it is now and a few predictions for 2022. Here are my Top 5 predictions for Phoenix residential real … [Read more...] about Top 5 Predictions for Phoenix Residential Real Estate
Article originally posted on AZ Big Media on September 30, 2021 JLL has released its H1 2021 Data Center Outlook and in the report, Phoenix ranks No. 3 in the U.S. for new data center construction and No. 3 in the U.S. for data center absorption. Local competition is rising to an institutional level and demand doesn’t seem to … [Read more...] about Phoenix Ranks No. 3 in U.S. Data Center Rankings
Above: (Photo courtesy of Visit Phoenix, photo by dspaz.com)REAL ESTATE | 20 hours ago | AZ BUSINESS MAGAZINE ATTOM, curator of the nation’s premier property database, today released its second-quarter 2021 U.S. Home Equity & Underwater Report, which shows that 34.4 percent of mortgaged residential properties in the … [Read more...] about Arizona No. 1 as home equity surges across U.S.
Demolition of Paradise Valley Mall in north Phoenix began July 7, 2021. The first phase of redevelopment at Paradise Valley Mall got underway on Wednesday. Crews began demolishing the former Sears and Macy’s stores at the site at Cactus Road and Tatum Boulevard. Demolition is expected to last through 2021, according to Red … [Read more...] about Demolition Of Phoenix Paradise Valley Mall Underway