Arizona’s Luxury Home Market Is Heating Up
Arizona has long been a refuge, attracting people from other parts of the country for a variety of reasons. From agreeable weather to tolerable taxes to a lower overall cost of living, the desert is enticing for homebuyers across all income brackets — and lately — more so for some of the country’s highest earners. That […]
Sizing Up ARMs: The Pro’s and Con’s to Adjustable Rate Mortgages
Adjustable-rate mortgages, also known as ARMs, come with pros and cons — like most major decisions in life. While the rate on the loan adjusts with market conditions, meaning it could fluctuate over time, ARMs are a lending option that could offer opportunity for the right buyer at the right time. It’s important to understand […]
7 Best Affordable Areas to Live in Phoenix
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 that are growing in demand […]
Understanding Home Price Trends in Phoenix
Numbers, as they usually do, are telling the story of the Phoenix housing market. A booming metropolitan area that has long grabbed housing market headlines for its white-hot activity and growth, Phoenix is apparently cooling. A little. Maybe. Or is it? Buyers and owners wondering if home prices are dropping in Phoenix are coming across […]
Shifting Seller Strategy In An Increasing Inventory Environment
The softening of record-high home prices and inflation at its highest level in 40 years have dominated the summer housing market. Homes that were becoming increasingly out of reach just a few months ago are becoming more attainable as the housing market goes through a dramatic rebalancing. In some dynamic markets like Phoenix, home prices […]
What Do I Need To Know About Higher Interest Rates As A Buyer?
Mortgage interest rates have risen dramatically over the last several months. If you’re like many buyers who have hit the pause button waiting for rates to go back down, you may do yourself a disservice as the influx of newly available homes is providing buyers with many more homes from which to choose as well […]
Weathering a Recession with Smart Real Estate Investments
With inflation at a 40-year high, interest rates on the rise, and continued supply chain issues, the economy is struggling to gain resiliency in a post-pandemic world. With all of this pressure on the economy, fears that a recession is impending are becoming the talk of economists, talking heads, and around the water cooler. Here […]
Investing in Real Estate is one of the Best Hedges Against Inflation
As a result of inflation’s persistence in the economy, the sticker shock for most essential resources we depend on such as electricity, food, and gas make it more difficult for families across the country to afford, well, life. The annual inflation rate accelerated to 8.54% this month, the highest since 1982. Inflation isn’t anything new […]
What Rising Mortgage Rates Mean for Phoenix Home Buyers
The rock bottom interest rates that were a welcome reality over the last few years are now gone. As a result of inflation, everything costs more these days, including mortgage loans, which have risen dramatically. For the first time since the financial crisis in 2008, average mortgage rates are higher than 5%. The Fed is […]
Best Places to Find Affordable Homes in Phoenix
Phoenix has long been recognized as the place to go if you want to buy a house at a reasonable price. With year-round sunshine, stunning desert landscapes, vibrant southwestern culture, and cuisine, the Phoenix metroplex is one of the most sought-after cities in America for relocation. Many Phoenix neighborhoods offer inexpensive housing and strong employment […]
Why Buying in Phoenix is More Affordable than Renting
For many people, the thought of buying and owning a home right now seems daunting and out of reach, but that doesn’t have to be the case. There’s a lot to consider when deciding whether to rent or buy a home, and you may not know where to begin. Never fear, you’ve got this! As […]
Top 5 Places to Live in the Phoenix Metro
What’s not to love about Phoenix? Arizona’s capital is home to a vast state where epic movies are made, hit songs naming its cities are played, and tourists flock year-round for an escape. With the cost of living lower than the national average, year-round sunshine and exquisite culture, The Valley provides many comforts without breaking […]