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 […]
Phoenix Startups Are Growing—Here’s What It Means for Your Home and Wallet
Hope for Venture Capital Market After Fed Rate Cuts: What It Means for Homeowners and Renters? The venture capital (VC) market, which has struggled with slow deal activity over the past year, is showing signs of recovery after the Federal Reserve’s recent interest rate cut. According to a report by PitchBook, the 50-basis-point cut in […]
Elevate Your Lifestyle at Atavia: Scottsdale’s New Premier Luxury Condos.
Atavia: Scottsdale’s New Luxury Condo Community with Private Elevators and Rooftop Decks Atavia, an exciting luxury condominium community, is set to break ground in 2025 in Scottsdale, Arizona. This development will offer 88 exclusive units featuring private elevators and spacious rooftop decks, making it a standout in the city’s luxury real estate market. Atavia is […]
Is the Great Florida Migration Coming to an End? What Phoenix Homeowners Can Learn
Calling all Phoenix homeowners! The once-booming Florida housing market, which saw a huge influx of new residents during the pandemic, is showing signs of decline. A combination of excess housing inventory, waning buyer interest, and skyrocketing insurance costs has slowed home sales in many parts of the state. Phoenix homeowners and prospective buyers should take […]
Steady Interest Rates While Inflation Continues to Rise in 2024
Americans are Eager to Move Despite High Interest Rates Many Americans are feeling quite pessimistic about interest rates, which could put even more pressure on a housing market that is already struggling with a limited supply. Americans anticipate that high interest rates will continue to rise even more in the upcoming years, a perspective that could […]
Phoenix Renters Get Less Space for $1,500 Compared to Other Arizona Cities
The space you can rent for $1,500 monthly in the Phoenix metro area can differ by almost 200 square feet, depending on the location. As mortgage interest rates stay below 7%, many potential homebuyers choose to stay in apartment rentals. A recent report from RentCafe shows the amount of square footage that renters can get […]
How Arizona Homeowners Can Lose Their $400,000 Home Over a $1,600 Tax Bill in 3 Short Years
Christine Searle learned the importance of being fair, thanks to the horses of Tucson, Arizona. Intelligent and honest creatures, horses can spot lies from miles away. She wishes the state of Arizona could embrace this principle, instead choosing the unfairly take homes over minor taxes. The 70-year-old, Arizona native horse trainer Christine Searle is facing […]
Zillow’s $500 Million ShowingTime Tool Controversy: Settlement Reached with Phoenix MLS in Antitrust Case
Zillow sued two MLS services and an MLS group for taking away Zillow showingtime tool from their platforms. ShowingTime Vs MLS Zillow Group Inc. has settled its antitrust lawsuit initiated last year against the Phoenix-area Multiple Listing Service and two other plaintiffs for the removal of the Zillow tool from their platforms. The preliminary settlement, […]
Discover Arizona Cities Dominating the Luxury Home Rental Market in 2024
Several cities in the Valley are national leaders in luxury rental properties, reflecting Arizona’s embrace of a fast-growing trend in the real estate market. In a report released on June 11 by Point2Homes, which the ranks luxury home rental inventory among the 100 largest U.S. cities, Scottsdale was ranked No. 8 with 34% of single-family houses […]
Multifamily Loans Maturing in 2024: Navigating Higher Interest Rates and a $669 Billion Market Challenge.
Multifamily Loans Maturities Many multifamily loans set to mature in 2024 were taken out in a much lower interest-rate and apartments were enjoying double-digit-percentage rent gains annually. The U.S. multifamily loans have significantly slowed down in some markets, since its peak during Covid-19 pandemic, making people worry about the billions in debt tied to the […]
