News / Features

Phoenix stands out as one of best markets for real estate investment over the last 10 years

The median single-family home price in the Phoenix metro area in 2011 was $115,500. Ten years later, it was $415,400, nearly a 260% increase.

Real Estranger Things

Enter the Upside Down… in Fayetteville, Ga! The famous Byers home from “Stranger Things” is officially on the market.

NAR: Existing-home sales fell in August while prices rose 

The median existing-home price for all housing types in August was $389,500, a 7.7% rise from the year before. 

NAR: Charitable giving by REALTOR® associations increased 20% in 2021

The NAR’s Community Aid and Real Estate (CARE) Report shows that REALTOR® associations donated a median of $12,070 this past year, a 20% increase over 2020.

Housing starts surprise to the upside in August 

New-home construction posted a 12.2% month-over-month increase in August, thanks in large part to a significant jump in multifamily building.  

Inventory and sale prices climb year over year, ARMLS data shows

More than 20,600 homes were on the market in August, compared to 8,700 during the same month in 2021.

Thompson Thrift acquires 35 acres in Gilbert for luxury apartments, restaurants and retail

Developer Thompson Thrift has acquired 35 acres in Gilbert with plans for luxury apartment homes and more than 200,000 square feet of restaurant and retail space.

Builder confidence falls for ninth consecutive month 

A continuing combination of increased interest rates, supply-chain disruptions and high home prices has sapped homebuilder sentiment every month this year. 

Sellers lose the upper hand as mortgage rates rise

The housing market is starting to become more balanced.

Phoenix named a top 21 city for real estate investment in 2022 and 2023

Norada cited the relatively lower cost of living and housing in the Phoenix area, attracting people from higher-cost cities such as Los Angeles and Seattle.

30-year fixed tops 6% for first time since 2008 in latest MBA survey 

Mortgage applications declined 1.2% during the week ended Sept. 9, according to the Mortgage Bankers Association’s Weekly Mortgage Applications Survey. 

ATTOM: Foreclosure rates returning to pre-pandemic levels

ATTOM’s 2022 U.S. Foreclosure Market Report shows that foreclosure filings are up 118% compared to this time last year.

Student loan forgiveness could mean homeownership for millennials

The recent order by President Joe Biden canceling tens of millions of dollars in student loan debt is good news for the real estate industry, according to a new report.

As demand for new homes cools, builders reconsider future plans

A sudden slowdown in home construction hasn’t affected the rise of new apartment buildings. Ten of the country’s top metros are set to reach five-year peaks in new-apartment construction during 2022.

Live out your fantasy in the Unicorn House

Located near downtown Atlanta is a charming, funky hideaway aptly called the Unicorn House. It’s embellished with backyard greenery, several outbuildings and so — so — much colorful art.

Land ho! For the low price of $49,000

Treasure awaits … floating on the Potomac River in Virginia. This unique pirate ship home is listed by owner Daniel Corder for $49,000.

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