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REAL ESTATE
Phoenix area home offers great views | Cool House
Imagine a mountain home with incredible views, and on top of that, it's only 15 minutes away from Phoenix Sky Harbor International Airport. FOX 10's Syleste Rodriguez has more, in this week's edition of Cool House.
Phoenix leads nation in built-to-rent houses
Data: RentCafe; Note: Includes homes in professionally managed communities with at least 50 rental units; Chart: Axios VisualsBuilt-to-rent homes are on the rise nationwide, and nowhere more so than in Phoenix.Why it matters: Once famous for its affordable and abundant homes, the Valley has a shortage in supply contributing to skyrocketing housing costs.State of play: With mortgage rates perched near record highs for the year, those communities have proliferated, offering amenities, property management perks — and no mortgages.Driving the news : The Phoenix metro area by far saw the biggest increase in the nation last year, when more than 4,000...
Ag-to-urban bill saves groundwater while building the housing Arizona needs
Opinion: An Arizona bill would make it easier to build homes on farmland, saving water and providing the housing stock we so desperately need. Arizona’s challenges with water supply and housing affordability are linked. But not in the way you may think. Despite a roughly seven-fold population increase, Arizona...
Analyst: Valley home sellers’ position weakening
Home sellers’ position at bargaining tables in the Valley may be slipping as inventory rises and demand remains in low gear, according to a leading analyst of the Phoenix Metro housing market. The Cromford Report said last week said that while sellers’ advantage at the bargaining table has been...
AZ Briefing: PV mansion with rooftop viewing deck sells for $15.2M; School districts owe $150M after tax error; How monsoon storms form
Good morning, Arizona. Here's what our reporters are working on and what you should know before you start your day. LLV Management — a Delaware LLC — bought a Paradise Valley mansion for over $15M. The Spanish Colonial estate sits behind a hidden gate and features 12 bathrooms, a wine room, a rooftop viewing deck and a separate gym. ...
New home listings up; homes selling faster; prices keep rising
The number of new home listings continued to climb in May in year-to-date comparisons, according to the latest data from Phoenix REALTORS®. The first five months in 2024 were up more than 17% compared to the same period of 2023. Homes have also sold faster so far this year...
Two Affordable Housing Multifamily Communities Coming Soon to Metro Phoenix
Greenlight Communities, along with Bryten Real Estate Partners, its selected property management company, announced leasing is now underway at their two newest apartment communities. Both communities are located in Metro Phoenix with move-ins set to begin in July and August. Greenlight’s Streamliner communities are focused on providing residents with brand...
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