Trends

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Hotels overtake offices in residential conversions

According to a new report from RentCafe, hotels have overtaken offices as the most likely spaces to be converted into new apartments.

The 10 most expensive new listings in Arizona

Agents from RETSY listed four of the 10 most expensive new listings in Arizona, including a $21.75 million estate in the Silverleaf Upper Canyon in Scottsdale.

The 10 most expensive new listings in Arizona

The priciest new listings in Arizona include a $15,000,000 stone estate with donated beams from the Hopi Nation and repurposed materials from a 15th century Spanish mission.

Arizona home values have more than doubled in the past decade

The state where home values have increased the most was Idaho, which saw a 171.03% increase in home values from 2013 to 2023.

Renovation spending has jumped 60% since 2020

In 2020, median renovation spending was $15,000. That amount increased by 60% in three years, with the median home renovation costing $24,000 in 2023.

This is the ‘dream living room’ — to Arizonans

Furniture retailer Joybird surveyed over 2,500 Americans and asked them to describe their dream living room.

The best week to sell this year: April 14 – 20

Prospective sellers should prepare to jump on the market — the week of April 14 through 20 will be the best time to sell this year.

NAR: Existing-home sales post biggest gain in a year 

Sales rose 9.5% from January to a seasonally adjusted annual rate of 4.38 million.

Don’t paint your house these colors if you’re trying to sell

There’s a reason many homeowners opt for neutral shades when trying to sell their house — certain flashy colors may be off-putting to buyers.

Opendoor: A portrait of first-time homebuyers in 2023

Many buyers entered the housing market for the first time in 2023. But who were these first-timers, and what did their homebuying experience look like?

The 10 most expensive new listings in Arizona

A $54 million estate tops the most expensive new listings in Arizona.

Today’s buyers prioritize price over location

Location, location, location … at least that’s how the old real estate adage goes, right?

Arizona among top states for millennial migration

Roughly 2.8 million millennials moved across state lines in 2022 — and a huge chunk of them moved into Arizona, according to a report from StorageCafe.

Ranch style is the most popular home style in Phoenix

The octagonal home is the most popular style in the United States — but what about in Phoenix?

NAR: Existing-home sales rise 3.1% in January 

The median existing-home price for all housing types was $379,100, up 5.1% from $360,800 a year before.       

Renters can get a lot for their income in Surprise

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.

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