Trends
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With a household renter income of $86,236 annually and an average monthly rent of only $1,781, renters in Surprise spend only a fraction of their income on housing.
Nationwide, homeowners are most likely to spend money on a fresh coat of paint to upgrade the exterior of their house. But can the same be said for Phoenix residents?
Home might really be where the heart is. According to a new Zillow survey, 42% of recent homebuyers reported finding love after buying their new home.
Single-family home sales prices increased in 189 out of 221 metro areas analyzed, with the median single-family price in the country rising 3.5% year over year to $391,700.
A Paradise Valley estate with a $29 million price tag tops the ranking of the 10 most expensive new listings in Arizona.
Redfin points to surge in prices, new luxury listings and a boost in sales as affluent homebuyers and sellers show increased activity.
Pending home sales rose 8.3% month over month, the National Association of REALTORS® said, marking the largest monthly jump since 2020.
Declining interest rates spurred the increase.
Notably, renovators are less likely than they were a year ago to undergo kitchen modifications for the purpose of improving the home’s resale value.
Scottsdale ranks among the cities where homeownership is most attainable for Gen Z, according to a new report from Point2Homes.
At the same time, the median sales price rose 4.4% to $382,600.
The NAHB/Wells Fargo Housing Market Index (HMI) rose seven points to 44, its second monthly increase in a row.
Arizona ranked as the No. 2 state in the country for inbound movers, beat out only by South Carolina.
Nearly all millennials — 93% — say a volatile market is to blame for wrecking homebuying plans, with another 76% saying they expect the market to get worse before they’re able to make a purchase themselves.
What makes the Valley of the Sun such a good place to start anew? For one, the city is among the most affordable in the country.
CoreLogic expects prices to continue to grow through the year.