The Effect of Build-To-Rent Housing in AZ Real Estate
Build-to-rent housing is becoming a legit player in the real estate market. Build-to-rent homes are those that are designed from inception to be single-family rental homes, often grouped in a community. The difference? All the residents are renters. And while the build-to-rent umbrella can include townhomes and duplexes, September’s event featured four experts focused mainly […]
Arizona Home Prices Going Into the Fall Season
Arizona home prices nationwide have continued to surge through the summer of 2021, and it’s not showing any signs of slowing down. There’s a number of reasons for this, but one often overlooked is in areas with military bases, as the summer is when the military does PCS, or permanent change of station, leaving many […]
Phoenix Leads Home Price Increase for 25 Months and Counting
Phoenix topped the list of cities with home price increases, in June 2021 where according to an S&P CoreLogic Case-Shiller report, at over 29% year-over-year, which marked the 25th consecutive month. Nationwide, with an 18.6% annual gain in home price, we saw the largest increase in more than 30 years. All cities analyzed showed double-digit […]
What exactly does refinancing mean?
Americans today are more motivated than ever to pursue a mortgage refinance. Doing so can lead to lower monthly payments through reducing the interest rate, cutting down the loan length, removing cash from the property’s value, and even adjusting the type of loan against the property. Homeowners often overlook the value their property provides as a […]
Pathway to Purchase To Help Homebuyers in Foreclosure-Hit AZ Cities
In order to provide qualified homebuyers a “Pathway to Purchase” (P2P) their home, the Arizona Department of Housing (ADOH), in conjunction with the Arizona Home Foreclosure Prevention Funding Corporation (AHFPFC), to provide down payment assistance toward a primary residence in seventeen specific municipalities in AZ. The goal is to provide incentive to buyers who have […]
How Millennial Home Buyers Are Getting in the Real Estate Game
The popular belief is that Millennial home buyers— people between the ages of 22 and 40— would be quite a small number. There’s an even smaller belief that they’d be making big moves in the real estate game, but they are. For the seventh year in a row, Millennial buyers have exceeded Baby Boomers, according […]
Phoenix Among Cities With Fastest Rising Rents
It may not be surprising that several major metro areas with the fastest rising rents were in Florida, California, and even Phoenix, Arizona. The national average monthly mortgage payment for homeowners jumped 67% faster than rents during the same period, says a recent Redfin.com report, in spite of mortgage rates dropping to near-record lows. August, […]
Arizona Housing Market Predictions for 2021
Let us gaze into the crystal ball for some Arizona housing market predictions. Phoenix’s housing market has fared quite well in 2021. Realtor.com predicts house purchases in the metropolitan area will shoot up over eleven percent over last year’s levels, exceeding the national average. Why the increase? A desirable climate, ample and world-class dining and […]
Down Payment Assistance in Arizona – what programs are available?
Down Payment Assistance Arizona Programs Most AZ first-time homebuyers (and seasoned buyers) are unaware of the various Zero Down and Down Payment Assistance Arizona Programs available to assist with expenses related to buying a home. ARIZONA DPA ELIGIBILITY CHECK What are Down Payment Assistance Arizona Programs? With programs ranging from State offered Grants and Zero Down VA […]