The Rise of Tempe Town Lake: A Corporate Haven for Arizona Businesses.
Why Tempe’s Lakefront Remains a Magnet for Office Space Tenants Tempe Town Lake stands out as a premium destination for office users and developers alike, drawing businesses to its shores even in a post-pandemic world where many companies are downsizing their office spaces. Despite the wider trend of reduced leasing activity, Tempe’s office market around […]
How the Affordability Crisis is Shaping Phoenix’s Housing Market.
Phoenix Home Sales Slow Amid Rising Prices and Down Payment Challenges The U.S. housing market is feeling the pinch of an affordability crisis, and Phoenix is no exception. Recent data shows that higher mortgage rates and rising home prices are pushing potential buyers to the sidelines, impacting down payments and cooling off the once-hot market. […]
Why Real Estate is the Future: JPMorgan’s Forecast for Investors.
The Generational Opportunity in Real Estate: Why Investors Should Pay Attention As the stock and bond markets show signs of fatigue, a new opportunity is emerging that investors, especially those in the Phoenix metro area, can’t afford to overlook. JPMorgan Asset Management, a financial giant managing $3.5 trillion in assets, has issued a report projecting […]
Arizona Joins 13 States Facing Major Insurance Hikes in 2024.
Home Insurance Premiums Are Set to Surge in Arizona and 12 Other States as Climate Change Sparks an ‘Insurance Crisis’ The financial toll of climate change is hitting home—especially for homeowners in states like Arizona, where insurance premiums are expected to rise by 7% in 2024. Natural disasters, driven by increasingly unpredictable weather patterns, are […]
Affordable Homes in San Tan Valley’s Skyline Village Master-Planned Community.
Scottsdale-based real estate firm Aread Inc. is moving ahead with its ambitious Skyline Village project in San Tan Valley, south of Phoenix. The master-planned community, spanning 300 acres, is approved for 1,150 single-family homes and is already drawing major attention from homebuilders and prospective buyers alike. Aread’s CEO, Nariman Afkhami, shared that the development, located […]
Phoenix Housing Market Outlook 2024: Opportunities and Challenges
Phoenix Housing Market Forecast: Struggles to Meet Demand, but What About Water? Once burdened by the collapse following the 2007-08 financial crisis, Phoenix has turned its housing market into one of the nation’s most vibrant economic recoveries. But in 2024, the fast-paced growth of the Valley of the Sun is met with pressing challenges, including […]
The Fight for Land: Homebuilders Compete for Peoria’s Future Homes.
Bidding War Erupts Over 274-Acre Land in West Valley, Sells for $63M. On October 17, 2024, the Arizona State Land Department witnessed a packed house for a high-stakes auction over a prime 274-acre parcel in Peoria, near 83rd Avenue and Happy Valley Road. What started with a modest $46.275 million bid rapidly escalated into a […]
Underwater Mortgages Are Surging in These 10 States—Here’s How Arizona Stacks Up
Falling Home Prices Hit Hard: 10 States Where Homeowners Are Struggling with Underwater Mortgages—and What Arizona Can Learn. Home prices across the U.S. are taking a dip, and while that might sound appealing to prospective buyers, it’s creating challenges for current homeowners. In some states, mortgages now exceed home values, leaving homeowners “underwater.” Let’s explore […]
An Arizona Family Dream Home: Spacious Living in Paradise Valley for $15.895M
A Spacious Paradise Valley Estate with Sports and Family Fun. In the heart of Paradise Valley, Arizona, a newly built estate offers a glimpse into luxury family living with an array of impressive features. Listed at $15.895 million, the property spans 2.4 acres and boasts spectacular views of Mummy Mountain and the Phoenix Mountains Preserve. […]
The Future of Vacant Office Spaces: More Housing for Phoenix.
A major shift is coming to America’s commercial real estate market, and Phoenix may be about to see its impact. With the rise of remote work and aging office buildings sitting vacant, real estate experts predict a wave of office spaces could soon be transformed into much-needed housing. This transition, while challenging, presents an incredible […]
