Why Homebuilders Are Spending Millions to Keep Housing Affordable.
When mortgage rates began climbing a couple of years ago, many Phoenix homebuyers found themselves on the sidelines. But homebuilders stepped up, offering rate buy-down incentives to help buyers secure more manageable mortgages—a strategy that’s cost the industry millions but has kept the market moving. With mortgage rates still hovering around 7%, these incentives are […]
High Stakes in Scottsdale: FBI Arrests Real Estate Entrepreneur on Investor Scam Charges.
In a major financial scandal, Scottsdale businessman Aaron Wagner, known for his ventures in real estate and restaurant development, has been arrested by the FBI over allegations of defrauding investors out of millions of dollars. Federal agents detained Wagner in Salt Lake City, Utah, on October 24, charging him and his business partner, Michael Mains, […]
Why Bottled Blonde’s Gilbert Location Plans Fell Through: The Full Story.
A new restaurant development in historic downtown Gilbert has come to a sudden halt due to serious allegations against the property’s landowner. Bottled Blonde, known for its lively venues across Scottsdale and other cities, has pulled out of plans to establish a new restaurant in Gilbert. This decision follows the October 24 arrest of its […]
Wind Power in the Desert: Is Arizona Ready for Small Wind Turbines?
Can Home Wind Turbines Take Off in the U.S.? Here’s What Homeowners Need to Know. Small-scale wind energy systems, or home wind turbines, are gaining attention in the United States, though they’re still in a niche sector of renewable energy. Technological advances and cost innovations, however, could change that, making wind power more accessible and […]
Why Are First-Time Homebuyers Older Than Ever Before? See What’s Behind This Shift!
First time homebuying is harder than ever Buying a home has become increasingly challenging for first-time buyers. According to a new report by the National Association of Realtors (NAR), the typical first-time homebuyer is now 38 years old — an all-time high and a notable shift from the late 20s median age common in the […]
Luxury Home Sales Are Shaking Up Real Estate Commissions: Here’s How.
Real Estate Commissions Are Dropping in High-End Markets—Here’s Why Real estate commissions are seeing a notable shift, especially within the luxury market, as commission rates on high-end home sales drop to levels we haven’t seen in years. Although class-action settlements and revised National Association of Realtors (NAR) regulations are still relatively new, they’re already influencing […]
New Trends in Arizona Property Taxes: What to Watch.
For homeowners across Arizona, property taxes are becoming a significant addition to the cost of homeownership. Since 2019, property taxes have climbed nearly 30% nationwide, with Arizona residents feeling the pressure as home values surge. According to a recent Redfin Corp. analysis, the median monthly property tax payment now sits at $250, despite a slight drop […]
Shadow Listings: Is Your Dream Home Hidden in Plain Sight?
Shadow Listings: The Hidden Homes of Phoenix Buyers Are Missing Scrolling through real estate apps, you might feel like you’re seeing everything Phoenix has to offer. But a behind-the-scenes fight over “shadow listings” — homes sold quietly and often without ever hitting popular real estate apps — could mean that some of the best homes […]
Inside Arizona’s $1 Billion Build-to-Rent Boom: The NexMetro Story
NexMetro Communities: Building a $1 Billion Vision for Arizona’s Thriving Rental Market Phoenix-based NexMetro Communities has taken the build-to-rent (BTR) market to new heights, offering Arizona’s renters a compelling choice beyond traditional apartments and single-family homes. With $1 billion in projects underway across several markets, NexMetro is spearheading the BTR trend with its Avilla-branded communities, […]
Why Arizona’s Real Estate Market Stands to Gain from New CBRE Leadership.
CBRE Group Inc., the largest commercial real estate brokerage in Arizona, has named Vanessa Williams as the new Arizona Market Leader and Senior Managing Director. A Phoenix native with over 20 years of experience in real estate development and marketing, Williams is prepared to bring growth and renewed stability to CBRE’s Arizona operations. Her leadership […]
