Exclusive Rockridge Estate at Camelback Mountain Heads to Auction, Starting at $2 Million
The exclusive Rockridge estate at 4937 E. Road in Phoenix is set to go to auction with a bidding starting at $2 million. In January 2002, Jeffrey Lamb purchased a residence at the base of Camelback Mountain for $870,000. He then razed it to construct his dream home on the 1.1-acre parcel. Now, over 20 years later, […]
Phoenix, Arizona: Ranking #7 Among Top Relocation Cities in the U.S.
Phoenix is quickly turning into a popular hotspot for people to move, especially for retirees. According to a recent report studying moving patterns, the Valley continues to be one of the popular relocation destinations in the U.S. A report from May by PODS Enterprises, LLC, a moving and storage company, ranked Phoenix as No. 7 […]
Home Prices Are Dropping to 6.4%, High Interest Rates Keep Homebuyers Struggling.
The housing market’s still a mess with home prices dropping, but it doesn’t really help homebuyers. According to data from the real estate firm. Home prices dropped to 6.4%. Active listings experienced a drop in the week ending May 26. Although this is not a large portion of listings, it’s a lot more than the 4.4% we […]
Sky-High Housing Costs Propel the Surge in Rental Homes Construction 2024
Developers are constructing new rental homes at an unprecedented rate, seeking to capitalize on the elevated home prices and increased mortgage rates that are forcing many Americans to continue renting. In 2023, an estimated 93,000 new single-family rental homes were completed. That was 39% increase compared to 2022, marking the highest number in any year […]
Phoenix’s High-Rise rental rates are falling, and the Landlords are punishing loyal tenants
Loyalty Penalized? Phoenix Landlords’ New Tenant Preference Sparks Outrage In the bustling heart of Phoenix, a surprising development has unfolded within the luxury high-rise apartment market. Despite the lack of mainstream media attention, local residents have taken to platforms like Reddit to share their firsthand experiences of a market in flux. With prices plummeting and […]
