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Phoenix sees long-awaited office market sales price growth

Office sales in the U.S. reached $27 billion year-to-date, with Phoenix experiencing its first sales price increase per square foot in over three years, rising from $165 to $197. National office vacancy rates hovered around 19.4%, with Seattle and Austin near 27%. The...

Here’s how tough renting in Phoenix is this peak moving season

Phoenix saw a slight drop in occupancy rate to 8% vacancy, with 8 applicants per vacant apartment and a 43-day lease fill time. Lease renewals rose to 57.7%. Construction increased by 1.7%, ranking fourth nationally. Chicago and Miami are the toughest markets, with 16...
Berkshire Sees Gradual Mortgage Relief

Berkshire Sees Gradual Mortgage Relief

Berkshire’s forecast signals no sharp mortgage rate drop until 2026, though recent declines offer buyers modest short-term relief. Experts caution that relief will be modest, though potential Fed rate cuts could slowly filter into housing finance. Forecasts differ:...
What’s Fueling the Multifamily Housing Boom in 2025?

What’s Fueling the Multifamily Housing Boom in 2025?

Renter households are growing fast — 2.5% vs. 0.8% owner growth this year. Single-family starts expected ↓ 3.0% in 2025, ↓ 0.5% in 2026, then rebound in 2027. Multifamily housing is booming — up 6% in 2025 as buyers shift to renting. Inventory of unsold new homes...
Honoring the Significance of Indigenous Day

Honoring the Significance of Indigenous Day

Indigenous Peoples’ Day celebrates, recognizes, and honors the beautiful traditions and cultures of the Indigenous People We take a stand for and support the indigenous people on this day. We should also offer our support to those who invest and uplift the indigenous...