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 […]
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 […]
Canadian Buyers Help Arizona Real Estate Market in 2024, Making Up 60% of Foreign Sales.
Arizona is a top choice for foreign buyers buying residential real estate. Arizona is one of the top 10 places where foreign buyers purchase residential real estate, according to a report by the National Association of Realtors (NAR). Most foreign buyers in Arizona are Canadians at 60%. NAR’s 2024 Profile of International Transaction in U.S. […]
Exciting 463-Unit Housing Project Set to Transform Goodyear, Arizona – Pending City Council Approval
The proposal for Willow at El Cidro offers a variety of housing options. | Credit: HILGARTWILSON/City of Goodyear Goodyear will soon see a new residential housing community, pending approval at an upcoming City Council meeting. The Goodyear City Council originally planned to discuss the Willow at El Cidro Ranch project at its June 12 meeting, but they […]
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 […]
Former NFL Player, Wesley Leasy, Launches Leasy Construction LLC to Bring Opportunities and Growth in Arizona.
Wesley Leasy, a former Cardinals player, intends to give back to the community through his newly established construction company, Leasy Construction LLC. An ex-Arizona Cardinal is launching a construction company in the Valley. Former NFL linebacker, Wesley Leasy, announced in June his plans to establish Leasy Construction LLC, a company that will provide various types […]
Refinancing Jumps 11.4% in 2024 but Faces Big Challenges
In the first quarter, refinancing activity showed a surprising change. But there’s a twist. The recent increase in interest rates has had a serious impact on mortgage refinancing activity in the country over the last three years. As we look into 2024, there is hope that the upcoming year will result in lower interest rates, […]
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 […]
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 […]
